Goldbacks are intricately designed and made of a laminate polymer with a layer of physical 24K actual gold deposited into the Goldback. Each “1” in the Goldback denominations represents 1/1,000th of a Troy ounce of 24K gold, and Goldbacks are available in denominations of 1, 5, 10, 25 and 50.

Goldbacks are not paper currency, and their intrinsic value requires no “faith” in any government, institution or bank. Instead, the gold is physically present in the Goldbacks, so that when people exchange Goldbacks, they are exchanging precisely measured amounts of real 24K gold. 

The No. 1 question raised about Goldbacks by potential users is, “Do they REALLY contain the gold they claim to contain?” We were determined to conclusively answer that question, and through three scientific tests, we have the final answer on that, shared here.

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Our laboratory is the first mass-spec lab in the world to rigorously test and confirm both the mass of gold present in Goldbacks as well as the purity of the gold. On this page, we reveal the multiple testing protocols, photos and results that have now confirmed that the Goldbacks we tested do, indeed, confirm both the gold mass and gold purity claimed by the Goldback company. In fact, we have consistently retrieved slightly more than 100% of the targeted gold mass from multiple Goldbacks (typically in the 102% - 107% range), indicating that Goldbacks actually may carry slightly more than the amount of gold they claim to hold.

1) Two-phase kiln extraction (melting) combined with precise analytical balance gravimetric analysis (weighing) of the gold. See details below. (Click here to jump directly to the Kiln testing photos and results below.)

2) ICP-MS elemental analysis of the extracted gold using Agilent mass spec equipment (ICP-MS) in our ISO-accredited lab. This analysis confirms the recovered gold is better than 99.99% pure (four nines), which exceeds the purity requirements for 24K gold. (Click here to jump directly to the ICP-MS test results below.)

3) An off-the-shelf gold acid-and-stone test, often used by gold dealers, which further confirms the 24K composition of the recovered gold. Full details below. (Click here to jump directly to the acid-stone test photos and results below.)

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In summary, we found:

- Mass recoveries of 102% to 107% of the required amount of gold, across the full range of Goldback bills (1, 5, 10, 25, 50)

- 99.99%+ purity of the recovered gold, tested via mass spec elemental analysis

- 24K+ purity of the recovered gold, tested via off-the-shelf gold karat acid tests (used by jewelers)

Conclusion: The Goldbacks we tested contain the REQUIRED amount of gold (and slightly more), and the gold they contain is confirmed to be 99.99%+ gold (better than 24K gold minimum composition requirement).

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Note: Testing Goldbacks requires destroying them, so we can only test a representational selection, randomly chosen from recent production lots. We are dedicated to continued, ongoing testing of random Goldbacks from upcoming production runs, in order to affirm the correct quantity and composition of gold is being deposited onto Goldback bills. However, no test can guarantee that every single individual Goldback will contain the required amount of gold, since such tests destroy the Goldbacks being tested.

To our knowledge, no else else has subjected Goldbacks to this level of scrutiny. Fortunately, we own an ISO-accredited mass-spec laboratory, so we own ICP-MS instruments, analytical balances, acid handling equipment (such as fume hoods) and other lab gear that makes this testing very easy for us to carry out.

The tests we have conducted can be replicated by any competent mass spec lab with an ICP-MS instrument, a kiln capable of 1100 degrees (C) and a precision analytical balance.

The bottom line? Goldbacks contain real gold. They contain the claimed amount of gold, and the gold they contain exceeds 24K gold purity / composition standards.

This means that:

• Stacking (storing) Goldbacks is stacking real, physical gold.

• Gifting Goldbacks to others is giving them real, physical gold.
•  Accepting Goldbacks in commerce or trade is accepting real, physical gold.

So why obtain Goldbacks if you can just buy physical gold?

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Gold coins are an excellent vehicle for taking self-custody over physical gold. Furthermore, gold coins are among the best value in terms of the price paid per troy ounce of gold. However, using gold coins in local commerce, trade or gifting is difficult for smaller, day-to-day purchases. Have you ever tried to slice a gold coin into 1,000 pieces? It isn't practical.

Divisibility is an important property of items of value that we wish to use in trade, commerce or gifting. This is why U.S. currency has dollars, quarters, nickels, dimes and pennies.

A penny represents 1/100th of a dollar, but there is no “penny” equivalent for an ounce of gold. At least, there wasn't until Goldbacks were introduced. Each Goldback represents 1, 1,000th of a troy ounce of physical gold, so a “10” Goldback contains 10/1,000ths of gold, or 1/100th of an ounce. A “50” Goldback bill, similarly, contains 50/1,000ths of a troy ounce of gold. This is the same as 1/20th of an ounce. These Goldbacks, therefore, allow for gifting or exchanges of value in precise, small denominations the correspond to practical transactions in day-to-day life, such as tipping, gifting, bartering or purchasing items or services.

The disadvantage of Goldbacks over gold coins is that Goldbacks cost more than raw gold in terms of the price per ounce of gold. That's because Goldbacks have a utility value found in their convenience of use, divisibility and precision of gold ounce fractions which are physically deposited into the Goldbacks themselves. The manufacturing of Goldbacks has a real world cost associated with it, and thus Goldbacks could not possibly be priced solely at the price of gold itself. They carry a premium above the price of gold, and that premium is widely recognized by users of Goldbacks as being part of the intrinsic utility value of goldbacks. However, if you are looking merely to stack the maximum amount of physical gold ounces for the lowest cost per ounce, gold bars are your most economical option (look at 10 ounce or 100 ounce bars for the best prices).

If you are looking for physical gold that you can use in practical transactions, with excellent divisibility, recognition and utility value, Goldbacks are worth your consideration.

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For this test, we acquired an electric kiln capable of 1100(C) degrees, and ordered several crucibles to melt various Goldbacks without any risk of cross-contamination. We also already owned a laboratory-grade analytical balance, calibrated and capable of measurements with precision of 0.0001g. The procedure for extracting gold from Goldbacks via the kiln method is carried out in two melt phases:

Melt Phase 1: Cook the bills at 800(C) for 50 minutes to burn off the polymer, leaving behind gold foil or gold flakes. This process produces smoke and leaves behind a combination of gold foil (or flakes) and black-colored carbon deposits, which we call “ash.”

We weighed each sample after Melt Phase 1 and recorded the results.

Melt Phase 2: Cook the remaining gold foil and black carbon (ash) at 1100(C) for an additional 50 minutes, then swirl the crucible with the melted gold inside in order to “sweep” the gold into a single molten ball, which we call a “BB.” This process nearly eliminates any remaining black carbon ash.

We weighed each sample after Melt Phase 2 and recorded the results.

See the gold mass results below, including Melt Phase 1 weights and Melt Phase 2 weights.

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NOTE: The amount of gold in the “1” denomination Goldbacks is so small that, when melted in phase 1, a gold foil is not produced.

Instead, melting multiple “1” Goldbacks produces a carbon ash pile with gold flakes:

Even after Melt Phase 2, there still isn't enough gold to produce a melted gold “BB.” Here's another photo after Melt Phase 2:

As a result, we tested four “1” Goldbacks with a single “25” goldback to see if the resulting mass would be 29/1,000ths of a troy ounce of gold. The resulting gold BB is shown here, representing one “25” and 4 x “1” Goldbacks:

29/1,000ths of a troy ounce is 31.1035g (a troy ounce) / 1,000 x 29 = 0.9020g.

The actual resulting weight we recorded from this combination melt was 0.9197g. This represents a 101.96% recovery.

In this, we learned that “1” Goldbacks must be tested along with other larger bills, due to the very small fractions of gold they contain. When tested together, the results still show better than 100% recovery.

We also found that Melt Phase 2 will sometimes produce one large “BB” along with many smaller gold spheres, which are microscopic. Here are two photos showing this phenomenon:

The solution to this is to swirl the crucible when it is heated at 1100(C), before the gold solidifies. This swirling causes all the gold to stick together into a larger, single sphere, which we call a “BB.”

To test the “5” Goldbacks, we took a stack of “5” Goldbacks and cut them into eighths.

The first Melt Phase produced this foil, weighing at 0.9979g.

The second melt produced a gold “BB” weighing at 0.6657g.

Recovery: 107%

The first Melt Phase produced the following gold foil, weighing at 1.0449g.

Here is the gold foil shown on top of the “10” Goldback, for size comparison.

The second Melt Phase produced a “BB” with a mass of 0.9800g.

Recovery: 105%

We tested 3 “10” Goldbacks, cut into eighths.

We tested two “25” Goldbacks by cutting them into eighths. This first image shows the gold foil in the bottom of the red hot crucible:

Here's a closeup of the gold foil. It weighs in at 1.6312g.

After the second Melt Phase, the final weight is 1.6180g, of this resulting gold “BB.”

Recovery: 104%

We tested a single “50” Goldback, since it contains a relatively large quantity of gold. Here it is going into the crucible:

Here's the resulting gold foil from Melt Phase 1:

Here's a photo of the gold foil on top of a “50” Goldback for comparison.

The mass of the gold foil (plus carbon ash) shows 1.6749g.

After Melt Phase 2, the result is a cluster of nuggets, caused by the fact that we did not cool the gold into a ball, but poured it out while it was still molten. This caused a “splatter” into these nuggets shapes:

The resulting mass of these nuggets is 1.6001g.

Recovery: 102.89%

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CONCLUSION: No Goldback we tested resulted in recoveries under 100%. All Goldbacks consistently showed recoveries at 102% or higher. We confirmed with Goldback CEO that Goldbacks are manufactured with a margin of excess gold atoms being deposited during the manufacturing process in order to ensure that no Goldback is below the claimed gold mass, even taking into account slight variabilities in the physics of their manufacture. This explains why recoveries are consistently over 100%.

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We tested Goldbacks via an Agilent 9300 ICP-MS instrument which is capable of detecting most elements at low ppb concentrations (parts per billion). Our lab (CWC Labs) is an ISO-accredited food science lab, accredited with a scope of elemental testing using EPA methods that are routinely applied to food, water, soils and other items.

To prepare the gold sample for ICP-MS testing, we digested the gold in a suitable Aqua regia solution consisting of Nitric Acid and Hydrochloric Acid (ratio of 1:3), digested in a hot block under a fume hood, which produced a strong exothermic reaction that resulted in all sample gold going into solution.

Our ICP-MS tests confirmed the presence of 99.99%+ atomic gold, with trace amounts of the following elements as shown: 

(ppm = parts per million)

Total PPM of significant non-gold elements found = 79.35*

*Note, there were also low-ppb traces of other elements detected, such as Mn, Ni, V, Cr, Mo, Cd and others, but they were present at such small levels, we consider them “trace” and have not included them in this calculation.

Since 1,000,000 ppm is 100%, four-nines gold (99.99% purity) would be 999,900 ppm gold and 100 ppm other elements.

In our ICP-MS tests, the gold extract from Goldbacks was 999,920.65 ppm gold, which is better than four nines gold. In other words, it exceeds 24k purity standards.

TEST LOG DETAILS: Run time and date: 11/9/2023 at 10:28:30 AM

Internal lab ID sample number: R11552, barcode label control number: 2023-11-01-11

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For the acid-stone test, we acquired an off-the-shelf jeweler's acid test kit, which provides acids of different strength which are known to dissolve gold of various purities, such as 10k, 14k, 18k and 22k. Gold which is not dissolved by any of the acids is considered to be 24k gold (i.e. high purity, nearly all gold).

In gold, “K” or “karats” is a measure of purity. 24K gold is considered to be “pure” (although it can still contain trace elements that are not gold), whereas 14K gold, for example, is only 14/24ths actual gold. The other 10/24ths are non-gold elements typically used in jewelry to add hardness and durability to the gold (since gold is such as soft, malleable metal by itself).

To conduct the test, we took a gold ball “BB” which was melted from Goldbacks and used it to scrape three gold lines on the testing stone, as is customary in this test.

We then proceeded to administer the 10k acid onto the first gold line. That line did not dissolve, indicating the gold is > 10k purity.

We then administered the 14k acid onto the second gold line. That line also did not dissolve, indicating the gold is > 14k purity.

Finally, we administered the 22k acid onto the third gold line. That line also did not dissolve, indicating the gold is >22k purity. Jewelers traditionally consider this to be “24k” gold if it passes the 22k test.

To be certain, we administered a second drop to the third line, and you can see the results here, showing that no gold dissolved with any of the test acids:

CONCLUSION: According to the acid-stone test used by jewelers, the gold extracted from Goldbacks is 24k gold. The advantage of this test is that you can affordably acquire this test yourself by purchasing it online, as it costs only $20 - $30 and requires no special technical skills to carry out.

Use bonus code "verified" on any Goldback order to receive a FREE download of the Health Ranger's special audio report: "7 Bulletproof Asset Protection Strategies that can Save You When the Financial System Fails"