Loading ...I just heard about it. Created for very small investments or small transactions where a whole ounce is too much.
Parts:
The Goldback project truly began in spirit with the passage of the Utah Legal Tender Act in 2011 which recognized certain types of Gold as currency within the state. Since that time the technology to mint gold into a spendable form for small transactions has come to fruition. Goldbacks may be used almost anywhere in the world for barter transactions. Goldback Inc. is using cutting edge vacuum deposition technology to circulate gold as it never has before.
Can they be counterfeited?
Not anytime soon. It took Valaurum over twenty years to develop the technology to create the Goldback and they have no competitors. Much of the technology is protected by trade secrets and patents.
There are several anti-counterfeiting features on the Goldback, first, the negative image on the back can be felt. Second, no other material will glisten like gold does and no one else can do the vacuum deposition process with gold. Third, many of the design features on the front are government level.
Additional security features may be introduced in the future. As it stands we are about 20 years ahead of the counterfeiters.
Made of??
A Goldback is a voluntary, non-dollar, complementary currency. Goldbacks are gold foil notes that are crafted with. 999 fine gold paint on Aurum, a plastic film designed to hold the gold paint and be durable.