Normally, when you go into a coin store and purchase $5,000 worth of silver coins it can only be sold back to the store for $4,200 the instant you walk out the door. When metals are purchased through UPMA you keep your whole $5,000 value. If the price goes up 1% then your account would be worth $5,050. Members sell at the same price that UPMA uses on a daily basis when gold, Goldbacks, or silver are purchased and vaulted here. Alpine Gold is proud to offer the most liquid precious metals accounts in the world through the UPMA.
Accounts can be funded by Check, Wire, Precious Metals, or Cash (if at the office).
The United Precious Metals Association (UPMA) was established in response to the passage of the Utah Specie Legal Tender Act in early 2011. UPMA aims to provide viable choices in currency; offering accounts denominated in U.S. minted gold and silver dollars as well as free Goldback accounts. Members benefit from 0% buy/sell spreads and low vaulting costs.
Members can easily access their wealth by means of linked debit cards, Wire transfers, physical checks, or by taking physical possession of their holdings. Membership dues and average account fees run only a few dollars a month, making UPMA a very affordable option for saving and transacting with sound money.
UPMA is a Cooperative operating on a non-profit basis. Alpine Gold Exchange offers vaulting and other supportive services to the membership. To open an account and become a member, click here.
Goldback Private Currency
As of today members of the United Precious Metals Association have access to a new (unfunded) Goldback account alongside the regular gold and silver dollar accounts when they login. The Goldback is a local, voluntary currency in Utah. While it is a local currency, the Goldback may be owned and used in any State since it is also a gold product. Goldback accounts will function much like regular UPMA accounts in that members will benefit from a 0% bid/ask spread when purchasing/vaulting through the association. There are currently no additional vaulting fees for storing any amount of Goldbacks through UPMA however, this will change as soon as next year to mirror charges on U.S Gold Eagles.
The Goldback provides a fantastic means for the circulation of gold. It is truly the money that sound money people could only wish the government would make. Each Goldback is made of 24k gold through an electrolysis process and is coated with a polymer for protection. See the original announcement for Goldback Accounts Here:
If you have a friend or family member that you feel would be interested in the Goldback then there is a program to have a free one mailed to them! Every new UPMA account will receive a Goldback in the mail. Existing members in good standing will also receive a Goldback in the mail, probably by the end of the year. More information about this program can be found here:
If you own a business in Utah and you would like to accept gold as payment then please contact us and we will add you to the list that will be published on September 28th after the member meeting. More Information Here:
If you would like to attend the member meeting and see the President of Valaurum (the printing company for the Goldback) speak then please RSVP by contacting the office. More Information Here:
If you have other questions about the Goldback then please visit Goldback.com or call the office.
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