Digital Gold Currency

Digital gold currency is a type of electronic money.

Electronic means it is a record of account stored in a computer data base and maybe moved from one account to another via internet connection.

Money means that digital gold currency is based on units of gold troy ounces or of gold grams. Digital gold currency is a kind of representative money, exchangeable for real gold on demand (in theory) but in practice the mass of gold held in account is converted to the cash rate and with drawn by ATM. Digital gold currency are backed by gold through unallocated or allocated gold storage the ratio of stored gold varies, as do vault storage fees.

[ related : gold money, gold Dinar, allocated gold storage, List of Top Digital Gold Currency Banks]

[ other : paper gold certificate, good money]