FREE VAULTING ON ACCOUNTS
Vault Goldbacks with no fees whatsoever
Goldbacks that are stored in your account are exempt from all membership, vaulting, and insurance fees that are typically associated with other types of accounts. You can even get Goldbacks this way when they are sold out everywhere else.
The cost of the Goldback at Alpine Gold is about the same as the exchange rate posted on Goldback.com. This is the most competitive price allowed for Goldbacks. Members of the association may even liquidate their Goldbacks into cash at the zero percent buy/sell spread for up to $10,000 in a 30 day period as is typical with the other account types. This means that if you decide to cash out your vaulted Goldbacks then you will get whatever price they are being sold for that day. There is no spread. This is an attractive option for people that are worried about losing the value of their accounts to vaulting fees. Goldbacks stored in your account can be withdrawn at nearly any time under most circumstances.Members may request to have their Goldbacks mailed to their home address or they may have them picked up at the office.
When the Goldback account is funded the default status is for the Goldbacks to remain in the account until another request is made. When Goldbacks are sent they may be requested in any series available, assuming they are currently in stock.
The Alpine Gold Exchange is able to offer UPMA members such an incredible deal on vaulting for the Goldback in part because it is
convenient to have the flexibility of managing the different denominations that are held by the membership vs outer market demand. For example, if the membership were to hold 250,000 total Goldbacks then it wouldn’t matter how many of those were of a given denomination or series so long as the total (250,000) could be accounted for. As a result of this reason alone, it is anticipated that the free Goldback accounts will remain a permanent offering rather than a temporary promotion. They have been this way since August of 2019.
It is our hope that by removing the barriers of fees and member dues that new members will be able to enjoy some gold exposure. There are no minimums or maximums. If your primary goal is exposure to the price of gold then it may be worthwhile to consider funding a U.S legal tender gold account in addition to a Goldback account.
By using the free Goldback account UPMA members can even reserve future designs at current prices since each Goldback is interchangeable in any series or any denomination. Members with Goldback accounts funded now can expect to be able to order different designs as they become available.