Top Shelf Digital Gold

Mark Herpel
Have you ever Googled, "how to buy gold" ?

That keyword query will serve up over 15 million results. After you have waded through those results you may find yourself still unsure about "How to buy Digital Gold". Digital Gold has only been around since the birth of the Internet. Digital Gold Currencies have very specific features and benefits. DGCs are a different kind of gold product and offers distinct advantages over coins, ETFs, mining stocks or mint certificates.

Digital Gold is one of the easiest ways for anyone to buy and own allocated gold bullion (physical gold bullion held in storage). Digital Gold can be bought or sold anytime from the comfort of your home PC. If you can find the ´Enter´ key and send an email, you can buy or sell Digital Gold.

Using the Internet and not walk in locations allows buying and selling of Digital Gold 365 days a year. Similar to PayPal, DGCs offer instant liquidity into your choice of national currencies. When customers make a DGC purchase they own actual gold bullion in allocated form. DGC gold bullion has no counterparty risk as you might find with gold stocks, ETF´s or gold certificates. Unlike gold coins or a heavy gold Rolex watch, local storage and safekeeping of digital gold is not required.

The Top Shelf

Digital Gold is allocated gold stored in a secure insured professionally managed vault (no shipping, storage or insurance hassles) Setting up a new account over the Internet is very convenient. Accounts can be used for investing, savings, trading, local or global fund transfers. Because of low fees most DGCs offer excellent options for stored value. Because of instant online buying and selling at competitive market prices, digital gold becomes a very efficient investment model for the average citizen. Almost all of these accounts can be opened with less than $100. There are no account opening costs and no extra processing fees. By sending and receiving gold transfers, your online business will reduce merchant costs, fees from currency conversion and losses due to fraud or chargebacks. Since gold is recognized and accepted in every country around the globe DGC accounts are denominated by weight.

GoldMoney, BullionVault, Pecunix, Anglo Far-East Bullion, e-Dinar, Webmoney Gold (WMG)

When you are ready to make a digital gold purchase, any of the above companies may be suitable for your needs, however, each business model offers specific advantages. It is important to understand their features and select the company which meets your requirements.

GoldMoney, BullionVault, e-Dinar, Pecunix and Webmoney WMG allow easy account set up and low minimum entry points. Anglo Far-East Bullion is also an excellent way to privately buy and own digital gold, however they have minimum value requirements for all new account holders.

Each of these companies provides a good level of transparency, strong governance and audited numbers. The digital gold balance which shows in these accounts, is backed by actual gold bars at a vaulting company. Most of these companies will also display the list of bars which are owned and insured through the vaulting location.

GoldMoney.com is an outstanding company and an account through GoldMoney includes some excellent additional banking options. Accounts offers both digital gold bullion and digital silver bullion products. All new accounts require extensive customer identification and verification, however, after a new account has been verified, the process of sending or receiving funds to and from GoldMoney is quick, inexpensive and painless. This system is paired with multiple banking relationships which aid customers when buying or selling precious metals. Goldmoney clients are not required to have funds wired directly back into their local bank accounts.

GoldMoney has a mutual arrangement through their local Jersey banks. Between market swings (buying and selling) customers can park their funds with GoldMoney and even earn interest.

In Jersey, GoldMoney´s primary banking relationships are with Barclays Bank and Royal Bank of Scotland International. When not invested in precious metal, customer funds are held in segregated accounts with those banks, which pay interest on those funds. GoldMoney then passes that interest on to its customers and deducts a small management fee for the service. *http://support.goldmoney.com/

GoldMoney is actual digital gold currency which means you can transfer any amount of digital gold to any other GoldMoney account holder at anytime. GoldMoney accepts business accounts and encourages all users to transact their daily commerce using digital gold payments. If you need to pay for a global product or service there is no need to use a credit card or wire transfer. GoldMoney customers can pay with digital gold.

Did you know that GoldMoney digital gold is an available investment option for an IRA, 401k or SIPP account? GoldMoney has arranged through licensed professionals the option of holding digital gold in your pension or retirement accounts. Have you watched the news lately? "Millions of Americans are losing their life savings because of plummeting stock values in their 401k"...well here is an easy gold solution.

Since GoldMoney accounts are denominated by weight and transaction fees are very low, it is possible and inexpensive to send or receive frequent micro payments. Their web site also offer easy integration for developers.

GoldMoney is an excellent option as an International gold savings account.

Bullionvault.com is a precious metal trader´s dream come true! From any computer in the world account holders may log in and buy or sell allocated gold bullion in just about any size ´lot´. Bullionvault will even give you a free gram of gold for simply opening an account and trying their tools. All metal on account at BullionVault is held as LBMA good delivery bars in secure vaulting locations. In fact, Bullionvault is now a member of the London Bullion Market Association ( http://www.lbma.org.uk/ ) These bars never leave the vault and ownership is ´allocated´ with those bars being separated within the vault. Unlike GoldMoney, the account holders at BV cannot make any online transfers to anyone else´s account. A BullionVault account is strictly a buy and sell gold metal account.

This company offers an extremely effective package of online tools for buying and selling. The trading features of a Bullionvault account offer distinct advantages over any other digital gold product. BV allows customers to place their own bids and offers directly from other customers. Easy bank integration allows customer funding in national currency from the US, UK or Europe. Once funded, anyone may place a bid to purchase amounts of gold from other sellers.


To assist traders with online transactions, BullionVault offers free graphs, charting and analysis of the markets The company has vaults in London, Zurich and the US. Bids and offers shown on their web site are always viewed in real time. When first logging into the BullionVault web site you will easily find the ´best bids´ to buy and the ´best offers´ to sell gold bullion. You begin any transaction by simply clicking the corresponding onscreen button. BullionVault offers online digital gold transactions like no other company can deliver. Their fees are very low and the bid/offer set up provides everyone with an economical and convenient online experience.

The Anglo Far-East Bullion Company provides a range of private bullion custodial and banking services. This is safe, secure and fully insured bullion storage and it is available from one easy-to establish account. It´s called Bullion Banking, and offers an extraordinary level of privacy, governance and convenience.

Another great advantage with AFE is they also offer silver bullion and any account holder may spread their wealth between the two popular metals. Owning gold or silver at AFE means you own the actual metal. Customer holdings are allocated in a secure vault location in Switzerland.

AFE provides independent and private bullion vault services governed, protected and insured under AFE´s strict corporate and custodial governance. An AFE bullion account (sometimes referred to as a "Metal Account") operates just like normal online banking. The only big difference is that all AFE account balances represent ounces of gold and/or silver not Dollars, Yen or Euro. All DGC accounts mentioned in this article are denominated by weight in Troy ounces or grams. E-dinar offers accounts denominated by weight in gold dinar and silver dirham.

AFE accounts offer several key privacy features. While opening an account requires strict identification of any new client, all accounts are administered by number and not by customer name or any other identifying information. For example, Bullion Account Statements and Account Transaction Statements never quote the name or address of the account holder. The owner is identified by "Number" only.

All gold and silver bullion holdings, are held in trust, free from physical, political or legal risk. Working with AFE, customers have available to them: Bullion Accounts, Bullion Certificates, Institutional Banking along with Financial & Trust services.

Pecunix and Webmoney (WMG) are digital currencies which are 100% backed by allocated gold bullion. The Webmoney system has multiple ewallets, called purses and one of these is the WMG purse backed by gold. Both Pecunix and WMG offer Internet payment systems with features that rival any standard credit card merchant. Accounts are available to anyone around the globe without the intrusive restrictions of a credit check or account set up processing fee. All transactions are final, so there are no chargebacks. Just like GoldMoney, Bullionvault and AFE, the accounts balances are denominated by weight. The value of a Pecunix or WMG account will rise or fall depending on price fluctuation in the spot gold price. (sorry no silver here)

If you own an ounce of gold in a WMG purse, and the price of gold rises or falls $100 per ounce your new balance will reflect that change in value. Consequently, these accounts provide an easy way to buy and store digital gold. These company web sites provide the ecommerce added benefit of API and shopping cart integration, easy programming for developers and very low transaction fees.

Both of these DGCs make an excellent choice for e-commerce while providing a level of safety and protection that only gold bullion can offer. If you have a Pecunix or Webmoney account you are free to make transfers from those accounts to any other account holder. Sending and receiving payment in Pecunix is safe, inexpensive and simple.

Another distinct advantage of these companies is the governance. All bullion is held in secure vault locations (in fact Pecunix gold bars are stored by AFE) and there is a strict chain of governance which controls when any new digital units are issued against the vaulted bullion. There can never be more digital units out, than have 100% gold backing in the vault.

Ownership of these digital units is actual ownership of the allocated gold. If you have a Pecunix balance in your account, you own that gold. To protect account holders from default risk, the buying and selling of both Pecunix and Webmoney are transacted through a global network of third party agents. When buying or selling it is the third party agent that assumes any financial risk from a transaction, thus the gold bullion in the vault is always safe. There are thousands of third party exchange agents in dozens of countries around the globe. This means when you want to fund your Pecunix or Webmoney account you DO NOT send funds to these companies. You will need to find a third party agent that exchanges these digital currencies and buy from that agent. The third party agent will charge you a small fee for any exchange with national currency but it is these companies that maintain a liquid market.

E-dinar digital units are denominated in gold dinars and silver dirham. A e-dinar account allows payments in highly divisible parts of a metal unit. Using e-dinar, it is easy to send or receive tiny payments such as 1/100 of a gold dinar or .5 silver dirham. Each e-dinar electronic unit corresponds to an exact, fixed weight of 4.25 grams of pure 24k gold. Each e-dirham corresponds to an exact, fixed weight of 3 grams of .999 silver. Account holders always have the option to exchange their e-dinars an e-dirhams into any major national currency or redeem them and take physical possession of an equivalent amount of gold dinar and silver dirham.

If you have been avoiding gold bullion because you did not know how to buy gold online, please check out these top shelf Digital Gold companies. Find how how easy and inexpensive it is for anyone to buy, sell or own Digital Gold bullion without the hassles of shipping and local storage. Digital Gold Currency is convenient, inexpensive and offers 24/7 liquid protection against the evils of today´s highly leveraged risky world.

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Mark Herpel

A firm believer in sound money policy.
Now publishing:
Digital Gold Currency Magazine
Community Currency Magazine