The United Precious Metals Association (UPMA) was established in response to the passage of the Utah Specie Legal Tender Act in early 2011. UPMA aims to provide viable choices in currency; offering accounts denominated in U.S. minted gold and silver dollars as well as free Goldback accounts.

What does the UPMA membership fee cover? The membership fee covers commercial vaulting and insurance, as well as preparation of your online monthly statements and member support services.

No hacker can digitally steal from a UPMA account because all the wealth is sitting in a physical vault, not in cyberspace. In the event of a catastrophic attack on the database, Alpine Gold still possesses all the gold for UPMA members.

UPMA assesses its members’ fees to cover the cost of vaulting, insurance, and member dues. Vaulted Gold Dollar accounts having a balance between one and 500 Gold Dollars (ten Gold ounces) are assessed a monthly fee of five basis points (0.05%).

Feb 21, 2023 · 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.

May 11, 2017 · There are no minimums or maximums on UPMA accounts. There are several ways to fund a UPMA™ account. Members may use the online 'Deposit' feature to initiate deposit requests via card, check, or wire transfer. Card deposits are an excellent option for new members sending limited funds as one-time contributions. Applicable credit card fees apply.

The UPMA is committed to offering the membership a wide variety of tools to manage their silver and gold accounts. Members may use these tools to hedge against market risks or to capitalize on other economic opportunities.

Aug 30, 2022 · Fortunately, UPMA members now have a viable path for accessing the value of their precious metals currency without running the risk of triggering capital gains. By pawning their gold or silver, instead of selling it, members can now load their UPMA debit cards.

Purpose: As UPMA was first envisioned, the mechanism for holding member account was in “Capital Credits” which has a specific legal meaning. For best compliance it was determined to use trust accounts instead of capital credits.

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