What Are Goldbacks? [UK]

Gold-based alternative currency

Goldbacks® are a unique form of alternative currency, each containing a precise and measurable amount of 24-Karat gold. They are designed to function as a practical, spendable alternative to traditional paper money, enabling people to use real gold in everyday transactions.

Goldbacks have already gained widespread adoption across several US states, and are now beginning to appear in the UK as a practical, physical alternative to traditional paper currency. The Goldback itself is produced using patented vacuum deposition technology that turns 24-Karat gold into a precise, measurable thin layer. The gold is then layered and bonded between two polymer sheets, creating a flexible and long lasting currency note.

Goldbacks are available in denominations of 1, 5, 10, 25, and 50, with newer issues also offering 1/2, 2 and 100 notes introduced with the release of the Florida series in January 2025. Each note features detailed artwork unique to the state series. The denomination corresponds directly to the amount of gold contained within each note. A 1 Goldback contains 1/1000th of a troy ounce of pure gold; a 50 Goldback contains 1/20th of a troy ounce, and so on.

EV Solar & Battery Storage Ltd. accepts the Goldback currency

Goldbacks safeguard your purchasing power with real gold, not devaluing paper or trackable digital money. They are physical, spendable gold that resists inflation and protects your right to private offline transactions. Every Goldback is embedded with advanced anti-counterfeiting features, making authenticity easy to confirm, and virtually impossible to fake.

You’re not holding a representation of wealth, you’re holding actual spendable gold, that can be verified in multiple ways: UV-reactive security ink; unique verifiable serial numbers printed on every note; and by the uniquely detailed artwork on the face of the note and a raised, reversed image on the back. Goldbacks are accepted by a growing network of businesses across the US – and now the UK! – making them the most practical, spendable gold currency in modern history. Goldbacks actually strengthen your local economy by circulating a trusted, stable medium of exchange that operates outside of traditional financial systems.

Instead of wealth being siphoned away, it stays in your community supporting small businesses, encouraging local trade, and building economic resilience from the ground up.

Sunny, the mascot of EV Solar & Battery Storage Ltd. accepts the Goldback currency in the UK

EV Solar & Battery Storage Ltd is proud to be an officially recognised UK Goldbacks merchant, and one of the first in the country to accept Goldbacks. You can use Goldbacks to pay for any of our products and services.

How to Use Goldbacks in the UK

Goldbacks can be freely spent or exchanged for products and services in the UK at participating merchants who accept them as currency. The Goldback exchange rate is updated daily based on the latest global market price. This rate helps merchants, distributors and consumers accurately value Goldbacks in transactions.

To check the GBP equivalent price of an item, the Goldback app calculator can be downloaded for an instant exchange rate. You can also calculate manually: Price ÷ Exchange Rate = Goldbacks due.

Goldbacks are available in eight denominations for easy exchange. Below are example retail values, this will change as they track the current price of gold per troy ounce.

Multiple Denominations for Easy Currency Exchange

½ : $4.17 — Contains 1/2000 T Oz. of 24k gold

1 : $8.33 — Contains 1/1000 T Oz. of 24k gold

2 : $16.66 — Contains 1/500 T Oz. of 24k gold

5 : $41.65 — Contains 1/200 T Oz. of 24k gold

10 : $83.30 — Contains 1/100 T Oz. of 24k gold

25 : $208.25 — Contains 1/40 T Oz. of 24k gold

50 : $416.50 — Contains 1/20 T Oz. of 24k gold

100 : $833.00 — Contains 1/10 T Oz. of 24k gold

What is a Goldback?

A Goldback is physical gold currency. Each 1 Goldback note contains 1/1000th of a troy ounce of 24 Karat gold, laminated between two durable polymer layers.
Because each note contains a precise weight of pure gold, Goldbacks form a fully fungible, interchangeable currency system available in denominations of 1, 5, 10, 25, and 50. Newer state releases also include 1/2, 2, and 100 denominations, each containing proportionally more gold.

For example, a 5 Goldback contains 5 times more gold than a 1 Goldback. A 50 Goldback contains 50 times more gold than a 1 Goldback.

Because each note contains real gold, Goldbacks are naturally resistant to inflation. When you exchange part of your savings into Goldbacks you are tethering your wealth to the spot price of gold and protecting it from the devaluation that affects all paper currencies.

Is Goldback legal in the UK?

Yes. Goldbacks are legal to buy, own, and use in the UK. Although they are not legal tender issued by the Bank of England, they can be freely used in transactions where both parties agree to accept them – the same way people can trade using silver coins, gift vouchers, or other forms of private barter.

EVSolar & Battery Storage Ltd proudly accepts Goldback as payment for all of our products and services. Goldbacks can also be exchanged with participating merchants outside the UK, as part of a growing international network.

What can I do with Goldbacks? Can I ‘stack’ them? Are they a store of value/wealth?

Because Goldbacks are backed by real gold, they behave very differently from paper currency.

Goldbacks do three things very well:
By converting a portion of your savings into Goldbacks, you shield your wealth from the inflation and currency devaluation that affect traditional money.

Goldbacks track the price of physical gold. As gold has risen over time, Goldbacks have also appreciated significantly (the retail value has more than doubled since 2019). Your Goldbacks are an asset designed to rise in value as gold rises.

Spendable currency – Goldbacks were intentionally created to be useable in everyday transactions to pay for goods and services. A practical form of spendable gold for local trade. They can be saved, stacked, circulated, or used to support businesses that accept alternative currency.

Message from the makers:

‘Goldback is pioneering a new standard in gold’s utility – empowering people of all income levels with an inflation-resistant gold currency that fosters independence, freedom, and long-term financial stability. We envision a world where individuals can break free from centralized financial systems, using gold as a practical and trustworthy medium of exchange in everyday life.’

The Growing Collector Market for Goldbacks

Goldbacks are a complementary, alternative gold currency.

Great, I can use Goldbacks, but where do I buy EV Solar products and services?

EV Solar and Battery Storage Ltd. is based in Buckingham. We provide solar PV and battery storage installation, maintenance, and repair services within a 50 mile radius of Buckingham, including Buckinghamshire, Cambridgeshire, Oxfordshire, Bedfordshire, Northamptonshire, and Hertfordshire.

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