Precious Metal Leases

UPMA offers a range of Gold and Silver leasing options, including the popular Goldback® lease.  Members may lease out their precious metal holdings directly on the UPMA account portal.  For Gold and Silver leases, members can receive up to a 2% annual return, payable monthly denominated in the same currency as the lease.  Goldback® leases generally pay between 2% and 3.5%, depending upon the amount leased, payable in Goldbacks®.  

The lease agreement provides for an annually renewable, one-year term.  Gold and Silver U.S. coin leases may be terminated by the Lessor mid-term upon the payment of an Early Termination Fee.   Goldback® leases may be similarly terminated upon 60-day advance notice, without the assessment of such a fee. 

Normally, the objective of holding precious metals is the preservation of purchasing power.   These leases not only allow members to protect against the ravages of inflation, but also earn a competitive return and avoid vaulting and insurance carrying costs at the same time.

UPMA/Legal Tender Services Relationship

       The United Precious Metals Association ("UPMA") is a 501c6 nonprofit.  UPMA membership consists of those individuals and entities who enroll at alpinegold.com and currently pay monthly dues by virtue of maintaining funded capital credit accounts with the association.  At Alpine Gold's annual summit, association members elect from among themselves individuals to serve on the UPMA board of directors in three-year, staggered terms of service.  In addition to setting policy for the management of the association, the board regularly participates in and reports on physical audits of all precious metal legal tender holdings. 

     Legal Tender Services PLLC ("LTS") provides legal, trust, escrow, lobbying and other such services to the association and its members.  The UPMA itself has no paid staff.  Member interactions with the association are typically handled by LTS and/or Alpine Gold personnel on behalf of the UPMA.  The association's bylaws designate the manager of LTS, Lawrence Hilton, as the association's general counsel to meet with and advise the board, but not to vote on board decisions.

     Alpine Gold enjoys prominent signage privileges on the LTS-owned commercial condominium located in a building at the north-east corner of the roundabout in Alpine, Utah.  Silver and gold dollar holdings, constituting capital credits of association members are safeguarded by LTS in commercial vaults operated by Brinks, Inc. and by Alpine Gold.

For more information, see the UPMA Bylaws under the Resources section of alpinegold.com.

Member Agreement

Subject to common definitions and provisions and in consideration of the mutual covenants and warranties contained herein, the person (Account Holder) executing this agreement, and United Precious Metals Association (“UPMA™”), a Limited Cooperative Association operating on a non-profit basis for the benefit of its members, hereby agree as follows...

Equal Purchasing Power

The Secretary of the Treasury is “to maintain the equal purchasing power of each kind of United States currency.” 31 U.S.C. 5119(a). Significantly, this statutory mandate invokes the market test of “purchasing power”, not merely parity of nominal face value...

Tax/Legal Issues

The sections that follow outline the historic, judicial and statutory basis for U.S. citizens to exercise informed choice in currency...