Resource Directory: Alternative Digital Currencies

The alternative currencies listed below are all backed by precious metals, rather than the government debt that backs (if you can call it that) the vast majority of the world’s currencies. The electronic currency systems are organized to allow you to easily “spend” your account balance by transferring part of it to another account holder in the system in exchange for goods or services. Alternatively, you have the option to redeem your balance into U.S. dollars or other mainstream currencies for a fee. Account checking and transactions are done over the web, using your browser. None of the services listed charges anything to set up an account. (Some do charge maintenance fees.)

BuillionVault

BullionVault.com is an online market for buying, selling and owning gold. Costs are minimized by dealing directly with gold exchanges rather than with dealers. Transaction amounts can be as low as one gram. Gold can be stored in New York, London or Zurich as the customer chooses.

E-Bullion

An electronic bullion e-currency fully backed by physical precious metals stored on behalf of account holders in secure bullion storage facilities. Owned and operated by a Panamanian corporation.

e-dinar

An exchange system enabling the use of gold as money, run by a company incorporated in Labuan, Malaysia.

Pecunix

Pecunix is a fully gold-backed digital currency and payment solution. Owned and operated by a Panamanian corporation.