Staff Writer | September 2025
CUERO, TX — The Cuero Rotary Club recently welcomed member Chuck Howard for a presentation on Goldbacks, a unique form of voluntary currency that’s gaining attention in parts of the country. Howard shared slides and background information on the concept, offering members a glimpse into how alternative currencies are being used in select states.
Goldbacks are physical notes embedded with 24-karat gold, created through a patented process that deposits precise amounts of gold onto a polymer surface. The result is a flexible, durable note that contains real, spendable gold—starting at 1/1000th of a troy ounce for the smallest denomination.
While not legal tender in the federal sense, Goldbacks are accepted by thousands of small businesses in states like Utah, Nevada, and New Hampshire as part of a voluntary barter system. Their appeal lies in their intrinsic value, artistic design, and portability—allowing individuals to carry fractional gold in a usable form.
Supporters of Goldbacks see them as a hedge against inflation and a way to decentralize economic exchange. Each note features intricate artwork representing virtues like Liberty, Prudence, and Charity, often tailored to the culture and history of the issuing state.
Though Goldbacks are not currently in circulation in Texas, the presentation sparked interest among Rotary members in how alternative currencies might intersect with local economic resilience, especially in rural communities.
The Cuero Rotary Club continues to host speakers who bring fresh perspectives to civic and economic topics, encouraging members to explore ideas that blend tradition with innovation.