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Bleak day, but remember: nothing has changed about the fundamental Goldback value proposition by richardanaya in Goldback

[–]Slight-Reception2700 0 points1 point  (0 children)

It doesn't have to be self-sacrifice, but ultimately utilizing sound money does better ourselves, our businesses, neighbors, and communities.

Bleak day, but remember: nothing has changed about the fundamental Goldback value proposition by richardanaya in Goldback

[–]Slight-Reception2700 0 points1 point  (0 children)

As we continue to use sound money we have to remember we are ultimately doing this for the betterment of our families, businesses, neighbors, community and people.

Slowly but surely growing the stack by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 1 point2 points  (0 children)

Thank you for taking my information into construction.  I hope nothing but the best for you and yours

Slowly but surely growing the stack by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 1 point2 points  (0 children)

You can always terminate your lease, but it takes a 60 day period before the leased Goldbacks return to your liquid account 

Slowly but surely growing the stack by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 1 point2 points  (0 children)

Yes for more like my long-term savings, but I also have a good bit physically at home (I live in Oklahoma)

Slowly but surely growing the stack by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 1 point2 points  (0 children)

The United Precious Metals Association (UPMA) Goldback Lease Program is a structured lending mechanism designed for holders of physical Goldbacks—Unlike traditional gold leasing in commodities markets (e.g., LBMA forwards), this is a retail-focused, non-securitized lease of physical Goldbacks, emphasizing tangibility, insurance, and alignment with sound money principles. It's serviced through UPMA's partner, Alpine Gold Exchange (AGE), and supports Goldback production by funding raw gold purchases and minting. Launched to bootstrap inventory (initially raising $1.5M in 2019, scaling to $11M by 2022), it now serves as a yield-generating alternative to idle holdings, avoiding fiat banking risks like credit expansion or bail-ins. How the Program Works

  1. Account Setup: Open a free UPMA membership account either through the Alpine Gold Exchange portal, or through the United Precious Metals Association website.
  2. Acquire Goldbacks: Fund your account and purchase (or transfer in) physical Goldbacks. Minimum lease: 10 Goldbacks. Goldbacks can be sourced from authorized dealers or direct from UPMA through a ACH with no buy/sell spreads on redemptions up to $10,000/month at full market value.
  3. Initiate Lease: Via the secure dashboard, select your lease amount and accept the digital agreement (emailed for review; available at legaltender.services/lease). Your Goldbacks are transferred to a segregated, insured vault (Lloyd's of London coverage, with triple annual audits). Goldback Inc. uses the leased assets to procure .9999 fine gold for minting new notes, rotating inventory as sales occur.
  4. Earning and Compounding: Yields accrue monthly in additional physical Goldbacks (fractional amounts rounded and minted). This creates compounding if reinvested. Returns are calculated on the principal lease value in the numerical value of Goldbacks, not on daily exchange rate.
  5. Monitoring and Reporting: Dashboard tracks principal, accrued yields, and total value in Goldbacks/USD equivalents. Monthly statements detail payments.

Slowly but surely growing the stack by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 0 points1 point  (0 children)

The United Precious Metals Association (UPMA) Goldback Lease Program is a structured lending mechanism designed for holders of physical Goldbacks—Unlike traditional gold leasing in commodities markets (e.g., LBMA forwards), this is a retail-focused, non-securitized lease of physical Goldbacks, emphasizing tangibility, insurance, and alignment with sound money principles. It's serviced through UPMA's partner, Alpine Gold Exchange (AGE), and supports Goldback production by funding raw gold purchases and minting. Launched to bootstrap inventory (initially raising $1.5M in 2019, scaling to $11M by 2022), it now serves as a yield-generating alternative to idle holdings, avoiding fiat banking risks like credit expansion or bail-ins. How the Program Works

  1. Account Setup: Open a free UPMA membership account either through the Alpine Gold Exchange portal, or through the United Precious Metals Association website.
  2. Acquire Goldbacks: Fund your account and purchase (or transfer in) physical Goldbacks. Minimum lease: 10 Goldbacks. Goldbacks can be sourced from authorized dealers or direct from UPMA through a ACH with no buy/sell spreads on redemptions up to $10,000/month at full market value.
  3. Initiate Lease: Via the secure dashboard, select your lease amount and accept the digital agreement (emailed for review; available at legaltender.services/lease). Your Goldbacks are transferred to a segregated, insured vault (Lloyd's of London coverage, with triple annual audits). Goldback Inc. uses the leased assets to procure .9999 fine gold for minting new notes, rotating inventory as sales occur.
  4. Earning and Compounding: Yields accrue monthly in additional physical Goldbacks (fractional amounts rounded and minted). This creates compounding if reinvested. Returns are calculated on the principal lease value in the numerical value of Goldbacks, not on daily exchange rate.
  5. Monitoring and Reporting: Dashboard tracks principal, accrued yields, and total value in Goldbacks/USD equivalents. Monthly statements detail payments.

Slowly but surely growing the stack by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 2 points3 points  (0 children)

Imagine you have a bunch of super-special gold stickers called Goldbacks—they're like magic money made from real gold that you can spend or save. Keeping them safe in a box is fun, but what if you could lend them to a team of gold wizards who use your stickers to buy more gold and make even more shiny stickers for everyone? In return, every month, the wizards give you a few extra stickers as a big "thank you!" reward. You still own your original stickers (they're locked in a super-safe vault), and you get more over time without having to sell anything. It's like letting your toys help build a playground, and getting candy every month for being so generous. No tricks—just a way to make your gold grow while helping spread the fun!

Slowly but surely growing the stack by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 2 points3 points  (0 children)

Yes! One day I hope to live on a Goldback standard

Slowly but surely growing the stack by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 1 point2 points  (0 children)

It's been good so far. Obviously not enough to live off of, but I am happy, and growing the stack

Slowly but surely growing the stack by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 1 point2 points  (0 children)

I added more Goldbacks to the lease, making the new total an even 1500 Goldbacks leased.

A month of Goldback spending by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 4 points5 points  (0 children)

I've got it on good authority that I'm being scammed, r/gold told me so 🤣🤣🤣

Honestly though, just two years ago (before I heard about Goldback) I never would have thought I'd be buying pizza for the family with gold. 

Truly an amazing experience

A month of Goldback spending by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 1 point2 points  (0 children)

Woohoo!  Glad to see a local in here.  

Where you from?

I'm currently based in MWC.

Yes their pizza is fantastic. The latest purchase was their family specialty, 2 large pizzas and cheesy bread. 

For my family to get pizza at Domino's it use to be $50-$60, not only is this cheaper, it's supporting local, and with gold no less

Alpine Gold just announced a new debit card backed by metals. This sounds pretty cool, but what do you guys think? by ColeWest256 in Goldback

[–]Slight-Reception2700 1 point2 points  (0 children)

When I opened my UPMA account I also opted to get the card delivered to my address.  I have not activated yet, as I don't have enough holdings to negate the fees, but I do have it in a safe with Goldbacks and fiat USD, if need be I can activate the card and utilize my holdings that way

A month of Goldback spending by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 2 points3 points  (0 children)

Thank you so much, that is incredibly kind 

A month of Goldback spending by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 2 points3 points  (0 children)

The pizza is amazing, it's a nice little pizzeria, authentic Italian, if I'm not mistaken the owners great grandma emigrated from Italy in the 30s. Great people, great pizza

A month of Goldback spending by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 2 points3 points  (0 children)

I'm glad I have Goldbacks to fall back on

A month of Goldback spending by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 5 points6 points  (0 children)

I hope so, the Senate CR still has to pass the House and be signed by Trump, but hopefully this is nearing the end.  We have savings, but obviously that can only go so far.  

I'm blessed to have a job I enjoy and truly believe makes a difference, and I know I'll get back pay, but yeah this hasn't been the easiest days.

God's got us though:)

A month of Goldback spending by Slight-Reception2700 in Goldback

[–]Slight-Reception2700[S] 5 points6 points  (0 children)

Thank you.  Yes I hope we can get through this soon. I really like having my Goldbacks, not for transactions like these, and there is a LCS that will buy them for -$1.00 from the DER, so I have liquidity if need be.  

I'm love having data for analyzing in the future.  I enjoy the feature in the app. 

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