What is so good about Digital Gold & Silver?

Find out what all the fuss is about. What is so good about Digital Gold & Silver?

The advantages of Digital Gold & Silver are that you can own a holding of Gold or Silver at lower affordable entry levels compared to using a physical bullion trader. Also as it can be used as a trading tool, it is cheaper and easier to trade internationally. To summarise, you can use Digital Gold or Silver as a precious metal investment, or utilise it to pay for goods and services (or both!).

Funds in a bullion backed Digital Gold or Silver account are based on the market value of the price of gold or silver and your holding is stored in weight (grams or ounces). This means it is an easy method to invest in precious metals and follow the price on the International bullion markets. Also, as you can additionally use Digital Gold & Silver as a form of currency, for convenience you can have its value associated to a major fiat currency. So to buy a $30 DVD on the Internet would cost you '$30 worth of gold'. You can pay in dollars worth or Euros worth or GBP worth etc, even though it is the weight of metal that is the real value. The transfer of Digital Gold or Silver takes seconds from one account to another.

An extract taken from the Pecunix web site says:
Bring gold and the Internet together in a secure, flexible, fast system with access to global value-added benefits, and you have an online currency perfectly suited to the demands of international trading. In short, you have Pecunix.

You can buy goods and services with Pecunix.
You can sell goods and services with Pecunix.
You can convert Pecunix to national currencies.
You can convert national currencies to Pecunix.

Pecunix is money, but it is money that has been refined to meet the needs of a world where business is no longer constrained by borders.

Gold, like the Internet, transcends borders: its value and conventions for its usage are internationally recognised and accepted.

An extract taken from the e-gold web site says:
'e-gold is integrated into an account based payment system that empowers people to use gold as money. Specifically, the e-gold payment system enables people to Spend specified weights of gold to other e-gold accounts. Only the ownership changes - the gold in the treasury grade vault stays put.

Related Article:
www.e-gold.com/unsecure/qanda.html

With e-gold, when you get paid, you stay paid! Also, since e-gold itself does not deal in credit, there is no need for credit checks.

With an e-gold account you can:

• Exchange a national currency ($US, £GBP, Euros etc) for e-gold
• Buy goods and services online and pay with e-gold
• Check your account balance
• Review your past transactions
• Change your account information
• Exchange your e-gold for a national currency

e-gold has no borders. So you can trade anywhere in the world where Internet access is available.

e-gold is also very cost effective. No matter where you live, spending e-gold money is free. Only the recipient of the payment pays a small fee on the amount of the transaction.
It costs nothing to open an e-gold account. There is no minimum balance requirement. There is no concept of a "merchant account" in that all e-gold accounts may spend e-gold or receive e-gold payments.

Check out our Resource Centre for more information on e-currencies and the world of digital money.

 

 

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