December 30, 2022

Blessings beloved ones,

I, “a soul”, am presenting to followers of this blog, MaryRefugeOfSouls, the second of two articles, which I hope will help people looking to preserve and maintain their wealth in this challenging time when much paper (fiat) money is losing value due to inflation. The first article was about silver rounds, which I hope everyone read and found useful. This second article is about my experiences with fractional gold. My hope is that both articles will help people prepare for these uncertain economic times. Please be sure to read both articles, so you can make the best informed decision for yourself. Please note that I am NOT a financial broker or dealer or tax or legal expert. So, I urge you to investigate further and seek professional help based on your situation. I am just giving you my opinions based on my personal experiences as a Christian believer.

As I shared in my earlier article, I first started out purchasing silver rounds with religious images over 12 years ago. However, over time, I realized that it was important to me to diversify my emergency funds beyond only silver. This is because the spot price for silver ounces seemed so volatile to me (ranging between USD $15 to $50 an ounce at different times, today, it is about USD $25). So, for my peace of mind, I wanted the stability of the spot price of gold, which seemed to simply steadily increase over time.

Of course, being a person of limited means, buying an ounce of gold has always been out of my range (today, the spot price is about USD $1,800 an ounce). Moreover, it has been important to me to purchase gold in smaller, incremental amounts, rather than one ounce pieces. This is because if the economy tanks, I doubt people would be using one ounce gold coins / rounds to buy a loaf of bread and quart of milk. So, I ventured out with purchasing one gram gold bars minted by Valcambi, a private mint based in Switzerland, and later, I added one gram gold bars minted by Perth, the official government mint in Australia. (Today’s price for one gram of gold is about USD $75). I chose the one gram bars from Valcambi and Perth, because they had simple designs that did not offend my Christian sensibility. However, I did eventually stop buying from the Perth mint, because I did not agree with what the Australian government was doing to their people during the Covid lockdowns.

Although I have been blessed at times to be able to buy gold in higher increments, such as 2.5 gram bars and 5 gram bars, etc., I realized that I was doing this only to preserve my wealth and to cease any headaches due to volatile silver spot prices. However, buying one gram gold bars was doing nothing to sanctify my money before God, or could potentially lead to people’s conversions in a future economic downturn. That was the great advantage that I had with purchasing silver rounds with Christian images.

Until today.

My dear brothers and sisters in Christ, I am so excited to share with you all about a gold product that I recently discovered. I think you all will be very interested and I hope this information will help many people.

Now, let me backup and say that fractional gold is any gold product that comes in an incremental amount of less than the standard one troy ounce of gold. So, fractional gold would include pieces that are 1/2 ounce, 1/4 ounce, 1/10 ounce, one gram, etc. Anything that is less than one troy ounce which is equal to 31.1034768 grams. Having the option to purchase gold in such fractional increments is wonderful, because it enables more buyers to be able to own gold on more limited budgets. And I am all for the win of the little guy when it comes to competing with big corporations, big banks, and big-time investors.

Well, today, dear brothers and sisters, I have the pleasure of introducing you all to the “Goldback” (https://www.goldback.com). Goldbacks are similar in concept to banknotes, such as the Federal Reserve note known as the US dollar, however, they are not paper (fiat) currency. Rather, goldbacks are described as the “world’s first physical, interchangeable, gold money, that is designed to accommodate even small transactions”. And when talking about small transactions, this is a literal description, because today’s value of one goldback is about USD $3.90 (about the cost of a cup of coffee). It solves the problem of making gold easily spend-able and useable for actual barter. They look similar in size to banknotes, such as the US dollar. However, they have small increments of gold actually embedded within the note. So, they are definitely NOT any type of paper currency. They hold intrinsic value because they consist of actual gold!

Goldbacks come in the following denominations:

1 Goldback (equals 1/1000th ounce of gold)
5 Goldback (5/1000th ounce of gold)
10 Goldback (10/1000th ounce of gold)
25 Goldback (25/1000th ounce of gold)
50 Goldback (50/1000th ounce of gold)

They are recognized as currency in 4 states so far: Utah, Nevada, New Hampshire, and Wyoming. And, in 2023, goldbacks are planned to be rolled out in Alaska, Idaho, and South Dakota. Moreover, goldbacks can be used in any state or country that accepts gold for barter or trade.

I do not live in any of the states that recognize the Goldback as currency so far, but that has not deterred me from stocking up on them. Each state has their own series of designs for their goldbacks, but they are also interchangeable with other states that recognize them. For example, you can use Utah goldbacks in Wyoming, etc. Also, as you can tell from the earlier chart, five 1 Goldbacks equal a 5 Goldback, two 5 Goldbacks equal one 10 Goldback, etc. They are fungible both in terms of the amount of gold within each note, as well as the going EXCHANGE rate. So, for example, if 1 Goldback is worth USD $3.90, then a 5 Goldback is worth 5 times more at USD $19.50.

Note, to figure out the going spot price of the actual amount of gold found in any Goldback, you just divide the spot price for an ounce of gold by 1000. Then, you take that number and multiply it by the denomination of the goldback.

So, for example, if the spot price for gold is USD $1,800 an ounce. Then, 1 Goldback has $1.80 worth of gold embedded in the note, a 5 Goldback has USD $9 worth of gold embedded, a 10 Goldback has USD $18 worth of gold embedded, etc.

The exchange rate is the prevailing AVERAGE of what people are willing to exchange goldbacks at any particular time in monetary or barter situations in the different states. Whereas the cost of purchasing goldbacks is typically about double the amount of gold embedded within the note. So, for example, 1 Goldback might have USD $1.80 worth of embedded gold, a purchase price of USD $3.60 from a currency dealer, and an average exchange rate of $3.90 between people and businesses accepting goldbacks. However, people are often willing to exchange goldbacks for much more because they are so much better to possess over paper currency, since they are sound money and have intrinsic value as a gold product.

Now, we are getting to the most exciting part. Most of the designs for the different goldbacks have Christian and liberty influences. For example, I purchased several 1 Nevada Goldbacks, because they have Our Blessed Mother Mary on them. I also like several of the Wyoming designs, which are based on biblical characters and themes. The 25 Utah Goldback has a pro-life design and the entire New Hampshire series is very patriotic. I was so happy when I discovered this. Finally, a gold fractional that has a low barrier to entry — meaning a lot of people can own gold on limited budgets AND it is a gold product that I would be proud as a Christian to possess and exchange with others as currency. And having the Blessed Mother on my gold is just icing on the cake. Note, I have included the description of the 1 Nevada Goldback below along with the link to the art gallery, so you can see the various designs available so far in the different states.

Also noteworthy, I believe that the availability of goldbacks now is providential. This is because gold is honest money being recognized in the Holy Bible as an acceptable form of monetary exchange between nations, societies, and people. The concept behind goldback currency is certainly a better alternative than digital currency (precursor to the mark of the beast). Honestly, I want nothing to do with any digital currency that may be rolled out by the Federal government. That’s why I believe in owning both gold and silver because I want to maintain my independence and freedom. I want to maintain my options, meaning, my ability to not be enslaved to any draconian system that requires people to give up their rights in order to physically survive.

I believe that goldback currency will help to achieve this goal of independence as an alternative to beast like enslavement. Certainly, people need to be prepared first spiritually, then second, physically with survival food, water, etc. But, as the economy falters and we move into a transitional economic state before the Great Tribulation, if you can prepare beyond these basics, then having an emergency fund of gold and silver has its place in your survival plans. Moreover, having some goldbacks on-hand is something to consider to diversify your exposure risks.

Now, there are several methods of purchasing goldbacks. If you want to buy goldbacks right away, the best way is through a reputable currency dealer. I have found that these three companies give good purchase rates for their goldbacks: Defy The Grid, Finest Known, and Money Metals. Others can be found on this list: https://www.goldback.com/where-to-buy-goldbacks Personally, I have used Defy The Grid in the past and have found them to be a very honest dealer with a quick turnaround speed in getting their products shipped to you. I also have been impressed by the knowledge I have gained in reading various articles about gold and silver on the website for Money Metals. They certainly go out of their way to help people learn about the bullion markets.

Finally, I want to tell you a little about Alpine Gold / United Precious Metals Association (UPMA) (https://upma.org). Alpine Gold is a company owned by Goldbacks, Inc., the actual company that produces and promotes goldbacks for the various states. Both are located in Utah and they are both an excellent company to deal with. I have an account with United Precious Metals Association (UPMA), which is owned by Alpine Gold and it is the method I use to buy goldbacks at the best price. This is because UPMA does NOT add a premium to their goldbacks, meaning they are sold at wholesale costs. Note, goldbacks are available to international buyers and they do ship goldbacks globally. UPMA has over 40,000 members so far and they are expanding their membership.

There are also several advantages to owning an UPMA account. Besides purchasing goldbacks at wholesale prices, you can also purchase goldbacks on a monthly subscription at wholesale prices as well. You can also leave the goldbacks in your account at their vault and their reserve is kept at 100% (fully backed by goldbacks) all the time. This means that their vault is not a Ponzi scheme / derivative nightmare and you will always have access to your money. Also, if you own a goldback account, it has no fees associated with it — it is absolutely free to store your goldbacks at the vault until you want them. Then, once you want your goldbacks, you can specify the exact number, series, and denominations you want your currency in — no problem!

The only downside to a UPMA account is that it can take a bit of time for a deposit to clear, especially, if you do a bank / credit union ACH transfer, etc., to purchase new goldbacks. So, if you want immediate access to your goldbacks, it is best to fund the account by bank / credit union cashier’s check or money order. You can also exchange your existing gold and silver products for new goldbacks. Also, you can place your existing gold and silver products in the vault at UPMA for a reasonable fee, as well as buy directly through Alpine Gold more US Gold and Silver Eagle Coins for your UPMA account.

Also, you can make additional money on your goldback account through their lease option, as well as use their VISA debit card for a reasonable monthly fee if you want to use sound money in your daily money transactions. Note, you can always put the VISA debit card on hold so you do not get charged the monthly fee if you are not using the card. It works as a preload debit card needing only USD $50 minimum to use from your goldback account. It is my understanding that the VISA debit card can be used by international owners of UPMA accounts and does not require a financial background credit check.

If having an UPMA account appeals to you, please visit their website for more information. https://upma.org/

Also, this is my only “plug” for this blog, MaryRefugeOfSouls. If you decide to sign up up for an UPMA account, here is my referral link. It does NOT cost you anything more to sign up using my referral link – so, it is absolutely free for you — however, I will make a small commission that I will use to support this blog, MaryRefugeOfSouls. Thank you for considering this. https://member.upma.org/?referral=232391418801860196

I truly hope that I have helped many people through these past two articles. Be sure to watch the videos, especially, the interesting interview by Mike Adams of Jeremy Cordon, the founder and creator of Goldbacks. It is worth the time.

God bless,
a soul

DESCRIPTION
Goldback Art Gallery: https://www.goldback.com/goldback-art-gallery

1 Nevada Goldback
Caritas (Charity)

Caritas, or Charity, is the Virtue beautifully featured on Nevada’s 1 Goldback Denomination. This is her first appearance on a Goldback Design, and is notably patterned after a depiction of Mary, the mother of Jesus, in St. Augustine’s Catholic Church in Austin, Nevada. Catholicism is Nevada’s most dominant religion and St. Augustine’s is the oldest Catholic Church building in the state. Like all Goldback designs, the art contains many levels of symbolism. Some major symbols of Charity featured include: the Sierra Nevada Lily, which is in the container below Mary’s feet to the right; the Mary Magdalene Rose, in the container on the left; cherubs crowning Mary and Burning Hearts to either side of her; Charity’s lit candle in her hand, and Nevada’s sun, rising over the mountains seen through the window behind her.

The window, the candlestick in the right corner of the window sill and the columns on each side of the design, are each inspired from St. Mary of the Mountains Catholic Cathedral in Virginia City, (now, Saint Mary in the Mountains Catholic Church & Museum), which was also an inspiration for this artwork. The window below Mary’s dress hides the word “Love”, the symbol of a square, a compass, a wagon wheel, and rosary beads. The viewer will also note the ash tree, symbolizing marriage and Las Vegas’s status as the marriage capital of the world; and a family of ring-necked pheasants, which showcase the selfless acts of nurture and protecting their family and young.

VIDEO: What are Goldbacks? Are they real gold? Easy to counterfeit? (6 minutes)
https://youtu.be/8rhO7TRp6z8

VIDEO: GOLDBACKS Explained – Are they a scam or gimmick? (24 minutes)
https://youtu.be/1-n-_cvdPXg

VIDEO – Natural News with Mike Adams – Interview with Jeremy Cordon, Founder of Goldbacks – Currency with Atomic Gold (47 minutes)
https://www.bitchute.com/video/KpCHd5sBR3bg/

ALSO SEE:

December 2022 – Article #1 of 2 – My Experiences and Recommendations on Buying Silver – By a soul – MaryRefugeOfSouls
https://maryrefugeofsouls.com/2022/12/29/december-2022-article-1-of-2-my-experiences-and-recommendations-on-buying-silver-by-a-soul-maryrefugeofsouls/