GOLD BACK MARKET PRICE
Goldbacks were introduced in August 2019 at a price of 1 Gb = $2.50 USD. The average market price today, November 8, 2021, is 1 Gb = $3.80 USD. That is an appreciation of almost 2% per month, on average.
Goldback appreciation is 23% per year relative to the paper dollar. This is calculated by drawing a trendline underneath the “Min BID” curve. Goldbacks are much less volatile than the “spot price” of gold. A currency should not be very volatile. Holding Goldbacks is like having a stock that appreciates 15% per year, except that you can spend Goldbacks, but you can’t spend shares of a stock. As always: Past performance is no guarantee of future results.
Nevada Goldback LLC
3970 Spencer Street
Las Vegas, Nevada 89119
702-600-4981
