10 Reasons For Using Digital Gold Currency

November 25, 2007 by Mark  
Filed under Personal Finance

Reason Number 7

(7) No borders for customers or merchants. Digital gold currency is a borderless method of doing business online. Accounts are denominated by weight (grams and Troy ounces) and consequently, a gram of gold has the same value in the United States as it does in Russia, China, Poland, Ukraine, Luxemburg or any other city or country around the globe. When a customer makes purchase he is paying for that item in a weight of gold equivalent to his purchase price in his local currency.

If the item costs:

  • 17.75-EUR
  • 26.08-USD
  • 12.61-GBP
  • 2898.70-JPY
  • 283.41-MXN
  • 239116.33-IDR
  • 57100.26-COP

No mater what country you are in, the amount of gold a customer transfers on all of these sales is exactly the same 1 gram.

There is no messy currency conversion sending or receiving funds. The customer spends his local currency by weight in gold and the merchants receives the gold weight and can recognize the amount in his local currency at the exact time of the sale. Digital Gold Currency has created an Internet commerce system for all users in every country around the globe with no borders for customers or merchants.


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