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.
Goldbacks are extremely unique in the world of gold bullion as they are a voluntary form of currency. Goldbacks got their start with the Utah Legal Tender Act of 2011. This act made it so that the state of Utah could establish gold as a form of currency. As such private mints have created these Goldbacks that have since been accepted in different states. The states that accept these Goldbacks are the following:
It’s important to note that Goldbacks are not US legal tender currency. Goldbacks are voluntary currency based on the discretion of the vendor. For example, you can only use a Utah Goldback in Utah, and only if the vendor allows it.
Each state has a set of five Goldbacks, each containing .9999 pure gold, which include the following:
Every Goldback showcases a unique design on the obverse. Each design showcases unique depictions of female allegories that include, but are not limited to, the likes of:
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.