What is UPMA?
UPMA stands for the United Precious Metals Association. It is a membership association that offers specialized accounts for holding precious metals, such as gold and silver. These accounts provide bank-like services tailored for precious metals, including storage, leasing options, and the ability to hold Goldbacks digitally. Members can lease their metal holdings to earn returns, use their holdings as partial emergency funds linked to debit cards, and even borrow against them without selling the metal. UPMA partners with companies like Alpine Gold Exchange and Goldback, Inc., to facilitate these services and expand their product offerings.
Specifically related to Goldbacks, UPMA provides Goldback accounts where members can fund their accounts to hold Goldbacks without vaulting or membership fees. They can request physical delivery of Goldback denominations from their accounts or transact digitally. UPMA also offers leasing programs for Goldbacks, allowing members to earn annual returns of 2% to 3.5%, paid monthly, thus enabling growth on gold investments while avoiding vaulting fees.
In summary, UPMA acts as a modern precious metals financial platform aimed at making gold and silver holdings more accessible, liquid, and productive for its members, particularly in connection with Goldbacks and other precious metals products23457.
- https://en.wikipedia.org/wiki/Goldback
- https://www.reddit.com/r/Gold/comments/1f9myvc/upma_united_precious_metals_association/
- https://upma.org/resources
- https://upma.org/how-to-order-gold
- https://www.goldback.com/goldback-leases/
- https://alpinegold.com/24k-goldback-notes/how-to-order/
- https://www.reddit.com/r/Goldback/comments/1k3s99s/can_someone_explain_upma/
- https://www.youtube.com/watch?v=d8dj6mTXjUA
- https://www.goldback.com/frequently-asked-questions/
- https://www.youtube.com/watch?v=JIC6dOVlg8c