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No, the Goldback is worth about the current average rate published on the site. If you buy a Goldback for $3.00 then you can spend it at the same rate on the same day. The Goldback intrinsically is worth more than spot (which is a price based on an ounce, not 1/1,000th of an ounce).
A Goldback is a voluntary, non-dollar, complementary currency. Goldbacks are gold foil notes that are crafted with.Goldbacks each carry a specific, labeled gold weight, and feature a variety of stunning designs.
Since launch in July of 2019, the USD value of a Goldback has increased from $2.25 to over $3.50.
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