The Goldback price is revised once per day and is directly correlated to the fluctuations in the dollar price of gold. It’s revised at about 10 am Pacific Time every day from Monday through Friday.
Price History of Goldbacks
The chart below shows the dollar price history of Goldbacks since their introduction in August 2019. As you can see, the value of Goldbacks is in an upward trend, which reflects the declining purchasing power of the US dollar. Goldbacks were introduced on August 2, 2019 at $2.50 per Goldback and are now (November 11, 2022) at $3.83, an increase of 53.2%. Annualized, this is an average increase of 15.3% per year. This rate of increase exceeds the official consumer price index inflation rate, and is close to the “real inflation rate” given by economist John Williams on his website Shadow Government Statistics: http://www.shadowstats.com/alternate_data/inflation-charts
The current market price for 1 Nevada Goldback is $3.85 on average. And many major bullion dealers charge almost $7.00! However, you can get the world’s first local currency notes made with 24-karat gold for only $3.50 per unit here at Nevada Goldback.
What are you waiting for? The price of gold, and Goldbacks, while fluctuating, is trending up. Once you place your order, your price is locked in, so place an order with us today!
Goldback Value
As the above chart shows, Goldbacks maintain their value in the face of US dollar inflation. As the dollar is inflated, its purchasing power falls, but Goldbacks increase in value to match or exceed the dollar’s loss in value. Since their introduction, Goldbacks have been a stable, appreciating, low volatility store of value, which can either be sold for dollars, or increasingly, spent directly for goods and services.
Goldback may be the newest currency on the market and the only one of its kind, but it has plenty of traction already. The gold currency notes are being actively used by hundreds of thousands of businesses and individuals in all the three states that have them. See this story here:
https://www.reuters.com/news/picture/with-inflation-gold-notes-and-cards-find-idUSKCN2MJ0S7
With their incredible performance against paper dollars, increasing value, high resistance to inflation, and ease of use, Goldback notes will soon be in the mainstream. Get them before their value reaches a new high.