Why Gold Is the Best Currency We've Ever Had
For thousands of years, gold has been used as money. The first gold coins were minted around 550 B.C., and gold currency still exists today with the Goldback. Unlike paper money, which can lose value over time, gold has held its worth for centuries.
If you’ve ever noticed that groceries, gas, and rent keep getting more expensive, you’ve experienced inflation firsthand. The dollar buys less and less every year, but gold remains stable.
Let’s explore what makes gold the most reliable currency in history—and why it's making a comeback today.
Gold Has Everything a Currency Needs
For a currency to be successful, it needs to be durable, divisible, portable, and easy to authenticate—gold (in the form of a Goldback) checks all these boxes:
Durable: Gold doesn’t corrode or degrade over time. In fact, ancient gold coins from thousands of years ago are still intact today! Goldbacks themselves are further protected by two layers of polymer.
Divisible: While a single gold bar is impractical for daily transactions, the Goldbacks offer precise, fractional amounts of gold that can be used for small purchases.
Portable: Even small fractions of gold, like a Goldback, hold significant value—making it easy to carry a lot of purchasing power right in your wallet.
Easily Verified: Gold can be authenticated through weight, density, and other simple tests, making it a trusted form of exchange. Goldbacks take this a step further with their advanced anti-counterfeiting features, like microprinting and UV-reactive ink.
The Problem With Paper Money
Paper money has a serious flaw—governments can print unlimited amounts of it, causing inflation. This makes every dollar in your pocket worth less over time. For example, in 1920, a loaf of bread cost 12 cents. Today, that same loaf can cost $4 or more. The bread didn’t change—the money just became weaker.
Gold, however, can’t be printed or created out of thin air. There’s a limited supply, with only about 2,500–3,000 tonnes mined per year. Because of this scarcity, gold holds its value, preventing the kind of reckless money printing that causes inflation.
Here’s another example to put this into perspective: A $20 bill and a one ounce gold coin were once worth the same. But today, that $20 can barely cover the bill at a restaurant, and that gold coin is worth over $2,800.
Gold-backed money preserves your purchasing power, while paper money loses its value.
A Currency That Stands the Test of Time
Gold has outlasted every currency in history, and it continues to prove itself as one of the most secure forms of money. Whether used for saving, spending, or hedging against economic instability, gold remains a superior financial tool.
In an age where paper money is increasingly unstable, gold currency is making a comeback with Goldbacks. Gold doesn’t just store value—it protects, stabilizes, and empowers individuals in a way that no paper currency ever could.
