Many people are losing confidence in the Federal Reserve fiat money system and are turning towards crypto-currencies and other commodities to escape steady inflation. While these people mean well, this turn into alternatives puts them risk of incurring a capital gains tax on every transaction. For example, if someone purchased a bitcoin for $200 and then spent it at a $2,000 value, they would be liable for as much as a 28% capital gain tax on the $1,800 increase. In recent years the IRS has become more aggressive in collecting this tax.

    Alpine Gold solves this issue for the UPMA by offering accounts denominated in U.S. Silver or Gold coin. Since the time of President Reagan, the Treasury of the United States has minted U.S dollars in the form of gold and silver coins. These coins are legal tender just like Federal Reserve notes. Consult with a tax professional about potential tax benefits transacting in metals might offer in your state.

     One ounce of U.S. minted silver is stamped with a one-dollar face value. Conversely, one ounce of U.S.-minted gold is stamped with a fifty-dollar face value. Members may own fractions of a coin. For example, if a member had five and a half ounces of silver in their account it would show as $5.50 Silver Dollars. If a member owned a half ounce of gold then their account would display $25 gold dollars.

     By using these U.S.-minted gold and silver coins members can protect themselves from the depreciation of the Federal Reserve.

There are also Goldbacks available, which are excellent for in-person transactions. They are an incredible innovation in Sound Money as they allow tiny units of physical gold to be traded in person. They can also be vaulted for free through our service.