Vault Goldbacks with no fees whatsoever
Goldbacks that are stored in your UPMA account are exempt from all membership, vaulting, and insurance fees that are typically associated with other types of accounts at UPMA and elsewhere. You can even get Goldbacks this way when they are sold out everywhere else.
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.
Goldbacks stored in your UPMA account can be taken withdrawn at nearly any time under most circumstances.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 AlpineGold 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 deal rather than a temporary promotion.
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. UPMA members with Goldbacks accounts funded now can expect to be able to order different designs as they become available.