Gold is the most sought-after precious metal by many investors. Gold’s higher value does, for some, make it harder to diversify overall precious metals by adding gold and other metals like silver, platinum, and palladium. Gold notes offer a unique option for investors looking to add to their portfolio or simply diversify at a lower pricing point that traditional 1 oz gold options. If you’re not familiar with gold notes, now’s your chance to learn a little more about the options available through Provident Metals.
Every gold bullion product on the market is produced through its own unique processes. Few of them are as distinctive in nature as the production of gold notes. The notes are created with layers of gold between sheets of polyester. To achieve a specific weight and purity, layers of gold are put between two polyester sheets. This creates a secure gold product at the center with the protection of the polyester on both sides. Further, the polyester sheets allow for photo-realistic, full-color images to be used in the design of these gold notes. Most importantly, each gold note has 24-karat, .9999, pure gold content.
The Utah Goldbacks are one example of a series of gold notes available from Provident Metals. What sets this series of gold notes apart from other is the status the notes have as a form of voluntary, local currency. Produced by private mints in the aftermath of the state of Utah passing the Utah Legal Tender Act of 2011, the Utah Goldbacks are accepted as local currency by those vendors within the state of Utah that volunteer to accept it as a valid form of payment. This was the entire purpose of the Utah Legal Tender Act; to establish an acceptable form of gold currency.
Utah Goldbacks are, make no mistake, an investment in gold bullion as well as a form of voluntary, local currency. Each one of the notes has a different weight with 24-karat gold content, and more importantly, a unique design available only for that product. Many of the designs invoke images of historic female personifications playing a role in Utah history. These include images of Liberty, Victoria, and Prudence. Designs available include the following:
There are various other gold notes produced by mints around the globe. Provident Metals carries gold notes produced in this same style with one-of-a-kind designs that are not part of a series and are not considered a form of voluntary, local currency like the Utah Goldbacks. Instead, these gold notes are purely collectible investment items with 24-karat gold and beautiful designs. In most cases, the designs are directly influenced by or slightly inspired by historic banknotes issued as fiat currency. Examples include the following gold notes:
If you are interested in adding gold notes to your investments, Provident Metals is here to help. Please don’t hesitate to direct your questions to our customer service team at 800-313-3315, connect with us live online through our web chat feature, or simply send us an email with your inquiries.