Real Money The Goldback

One of the most illusory phenomena in our current existence is the money we use for buying, selling and hoarding on a daily basis. It is, to put it simply, in the air, backed up by nothing and reliant on nothing, In August of 1971 President Nixon ended dollar convertibility to gold ending the Bretton Woods system and replacing U.S. currency with fiat money. Now an extremely fungible form of fractional gold that can be used in the event of a crisis the Goldback’s gold content automatically pegs its value to the U.S. Gold Dollar, rather than the Federal Reserve Note, the Goldback has emerged as a groundbreaking alternative. The Goldback employs cutting edge, patented technology which deposits gold one atom at a time onto a proprietary polymer substrate to produce a series of paper-thin, rectangular coins in denominations of one, five, ten, twenty-five and fifty. One Goldback contains 1/1,000th of a troy ounce of 24 karat gold. The other denominations have proportionately greater gold content, up to the fifty, which contains 1/20th of an ounce exactly half the gold content of the smallest gold coin minted by the U.S. government. Thus the Goldback, back fills the smaller denominations needed to create a truly workable gold currency system. One thousand Goldbacks of any combination equal an ounce of gold. At Chacote Outdoor Recreation we use the Innov-X GoldXpert XRF analyzer it is an easy-to use, cost-effective method to obtain alloy chemistry and karat classification with one nondestructive and nonintrusive test. 24k gold is all parts gold without traces of other metals. Because of this, it has a uniquely rich, bright yellow hue. This pureness and rare color makes 24k gold highly desirable, and the most expensive.
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