United Precious Metals Association
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.
UPMA
UPMA is a non-profit cooperative offering accounts denominated in U.S. minted gold and silver dollars, with secure vaulting and easy access to precious metals.
UPMA Bylaw Proposed Ammendments — United Precious Metals …
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.
Resources — United Precious Metals Association - upma.org
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. For Gold and Silver leases, members can receive up to a 2% annual return, payable monthly denominated in the same currency as the lease.
Newsroom — United Precious Metals Association - upma.org
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.
Funding an Account — United Precious Metals Association
May 11, 2017 · 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.
Precious Metal Leases — United Precious Metals Association
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. For Gold and Silver leases, members can receive up to a 2% annual return, payable monthly denomi
FAQs — United Precious Metals Association - upma.org
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. It also makes the business model viable with the 0% buy/sell spread.
Fee Schedule — United Precious Metals Association - upma.org
Nov 11, 2024 · Within the UPMA closed-loop network, members may pay merchants for goods and/or services using their metal holdings. A 1% transaction fee may apply depending on the reciepient of the funds. Debit Card Fee: An activated UPMA visa debit card costs $10 per month.
OLD - Pricing - United Precious Metals Association
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%).