New Currencies from the Cowboy State of Wyoming

Based in Utah, Goldback Inc. issued a Wyoming series of its Goldback bills. They are printed with physical gold and their value is said to be more stable than that of the U.S. dollar. Also, nearly 40 companies from the state of Wyoming are said to have already expressed interest in the bills. The cowboy state of Wyoming is the least populous state in the US. The idea behind the new bills is to make purchases with real gold. Buying groceries with gold coins, such as an ounce of gold, is not practical. With the bills produced by Goldbacks Inc. it would be possible to make purchases. In doing so, one would find that unlike traditional paper money, one would not need larger amounts each month. Because that’s the way it is with the traditional U.S. dollar.

There are many examples of the preservation of purchasing power that gold possesses. If a buyer would have had to pay about $30 for a suit in 1940, it is now about $2,000. In 1940, one ounce of gold could have been used to pay for it, which is still true today. The purchasing power of gold has therefore been preserved. The dollar, on the other hand, has lost value. The Goldbacks contain the gold value of the thousandth part of an ounce of gold, or even more. The new bills are equipped with six counterfeit protection measures. They contain a polymer layer on which the gold is layered, in short. The key thing is that the bills do not have a dollar value, but a constant gold content. If you want to bet on the function of gold to maintain purchasing power, you can also look into the companies that own the gold in their projects.

There is the successful gold producer Calibre Mining – https://www.youtube.com/watch?v=5ILnR9Y6Vfc – with projects in Nevada, Washington and Nicaragua.

CanaGold Resources also has world-class properties in Nevada, USA and in British Columbia and thus significant gold resources.

Latest corporate information and press releases from Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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