Our unbacked U.S dollar has been used to create a corrupt financial system. It’s important for moral people to not participate in something that is known to be corrupt as much as possible. Although some use of the dollar may be unavoidable, the good news is that there are ways that we can choose to avoid it.
Gold and silver coins were intended to be the money of the United States. It is possible to use gold and silver as money instead of using paper notes that aren’t redeemable for anything. In this article I explain the problem and propose one good solution. I’m going to explain how you can get your own gold and silver account with the UPMA and why it makes sense.
This isn’t just a way to invest in gold and silver. It’s a way to start using it for everyday purchases and to make investments, which is what I believe will help to bring healing back to our broken monetary system.
There are many important reasons for getting out of the paper currency system:
- The paper dollar loses value by government policy which destroys savings
- Giving a group of people the ability to print money at will, encourages corruption
- The Constitution of the United States says we are supposed to be using gold and silver
- Using gold and silver as money makes it much harder to deny access to your money
- Using physical gold and silver is more private because no one else has to know about your transactions.
- You could be earning inflation protected interest by leasing out a gold balance to a business.
Only about 50 years ago, most banks used to store and lend money as gold and silver. The government quit backing paper dollars with gold in any way by not allowing anyone to exchange them for a specific amount of gold.
The reality is, we don’t need anyone’s permission to start doing what we know is right. We can start using gold and silver with each other now. This puts our own finances back on a gold standard. You could open a gold and silver account today. I’d like to show you one good way to do that here.
The United Precious Metals Association (UPMA) provides a way that you can cost-effectively store your money in gold and silver coins. The an online service that gives you three kinds of accounts: a U.S Silver Dollar account, a U.S. Gold Dollar account and a Goldback account, which are real gold bills you can use as cash. The system allows you to pay for things directly to other account holders. This is effectively a digital transfer online which removes the inconvenience of sending metal around.
By opening a gold and silver account at the UPMA, you protect your money from inflation, inappropriate taxation and from the control of the corrupt banking system. Another great feature is that you can even earn interest on your gold and silver if you choose to do that with a portion of your savings.
These accounts are serviced by a gold and silver depository called Alpine Gold Exchange and are:
- Easy to use online,
- 100% insured,
- Available to both individuals and business entities.
- There is no cost to sign up,
- No commitment to making or investments required,
- No minimum balance required.
The existing corrupt financial system steals money secretly through inflation. By making money easier to borrow, governments revalue their currency by increasing the amount that is loaned into existence. This video explains more about inflation how UPMA accounts help protect us:
The UPMA is not just a another place to store your investments in gold. It’s a completely different concept. It’s organized as a non-profit organization. It’s an association of members that has the feel of a credit union that exists for its members.
Did you know that gold dealers don’t post the same prices for buying and selling? The UPMA doesn’t sell the gold to you at one price and then only take the gold back at a lower price (no buy/sell spread in investor’s terms). Members always get the posted rates for both buying and selling their metal. This is something that makes the UPMA very unique. Here’s more about that:
The UPMA holds your money physically in gold or silver in its storage facility. It is insured and can even be linked to a debit card.
What Using U.S. Coins Means for Taxes
The UPMA holds your gold and silver in U.S. silver and gold coins with an option to store in Goldbacks as well. This means that you are buying and selling using money not barter. It also means that you shouldn’t have to pay taxes just for spending your gold or silver money to buy things. Unfortunately, the federal government’s enforcement doesn’t match the law. Much will have to be done by our states to hold both state and federal officials to the law and remove those who don’t. I still recommend that you keep track of your purchases and sales of U.S. gold and silver coins for tax purposes, unless you have a sheriff and a state that will defend you against federal agencies.
Getting Inflation Protected Interest
When you use U.S. gold and silver coins to make purchases, you should not be required to pay capital gains taxes. Switching your money to paper does cause the government to wrongfully attempt to make you pay a large (up to 28 percent) tax though. UPMA provides a tool to protect members from this by offering a pawn service in an attempt to avoid this. It has a cost, however.
You can even loan out your coins using a lease. Leasing your coins is very much like having a one year “certificate of deposit” at the bank. It allows you to lend your money for a fixed period of time. The great thing is that the interest is also in gold or silver coin. This means that your investment is naturally protected from inflation. Even the interest is. That’s something that is nearly impossible to find in our paper money economy.
Leased gold is used to fund businesses. Usually, these businesses are the kind that have to keep an inventory of gold or silver in order to operate. Some of them actually mine which gives them gold or silver as a product of their business. When these businesses borrow in gold, it makes it easier for them to manage and tends to make the risk cheaper insure.
One type of business that uses these leases to fund business uses gold to produce money for circulation. That brings me to the newest local money alternative: The Goldback. These are real gold monetary unites in the shape of a bill. Each one contains 1/1000 of an ounce of gold. The UPMA allows you to purchase these as well and store them in an account or have them delivered to you whenever you wish to withdrawal them
Special Advantage: Using Gold as Cash
Individuals and businesses can easily accept Goldbacks as payment. There’s even a calculator that keeps track of the average daily price. It helps you calculate the paper dollar exchange rate.
You don’t need to sign up for the UPMA or do anything to start accepting Goldbacks. They are private and a great replacement for paper cash.
Several states have decided to offer their citizens the ability to use precious metal-delimited instruments, also called specie, as legal tender in the state. This give the people of those states the ability to use gold and silver as money when they buy things there.
One of the difficulties with buying and selling with metal is that silver is heavy and gold is so valuable that you have to have very tiny coins in order to use it for every-day buying and selling.
The Goldback is a high-tech alternative to coined money. They are bills that use a modern process to put gold inside a plastic coating in very specific quantities. It’s a revolutionary new way to have and use cash.
There’s even a cartoon that teaches kinds the benefits of using real money. I found this Tuttle Twins episode to be helpful for big kids too. Now even a kid can own gold!
Legit and Fraud Protected
They are produced with technology that creates articulate designs and fraud protection making them very hard to fake. You can learn more about a third-party verification of the Goldback’s quality here.
The UPMA allows you to hold Goldbacks in your UPMA account without paying for vaulting fees at all. You can withdrawal Goldbacks from your account and have them sent to you at any time.
Getting Gold into Your Own Hands
The UPMA is holding your gold and silver but if you want, they will ship it out to you. Not only that, there are now gold ATMs cropping up around the United States. Check this out:
There are also an increasing number of businesses that are willing to exchange their goods and services for Goldbacks. There are even state government officials getting involved.
Some Notable Opinions
One of the most revealing and popular books about the fiat money system: “The Creature from Jekyll Island: A Second Look at the Federal Reserve”, was written many years ago by G. Edward Griffin. As a self-proclaimed critic of things like this, here’s what he has to say:
In this article and video, Alpine Gold and Mr. Griffin discuss the UPMA, addressing concerns and benefits.
Something More Important
Having an honest money system is very important, but what is more important than anything is the condition of our souls.
The thing we really need is to be saved from our own evil tendencies. Before concerning yourself with money issues, please also consider your human condition. Our own tendency to do evil is the biggest enemy. If there was no evil then we probably wouldn’t be worrying about money. Please download my free PDF of the gospel of John and read it carefully. That will reward me more than anything in this world.
If you are interested in getting a UPMA account, using my referral link to sign up will help me. This gives me a very small portion of your vaulting fees (up to a limit) which rewards me for telling you about the UPMA.
Sign Up Here
To join the UPMA you can use my link to sign up and it will help me. The sign up process is surprisingly easy! Just tap or click on UPMA below