GOLD MONEY

GoldMoney is a digital gold currency founded in 2001 by James Turk. GoldMoney's main office and servers are located in Jersey, one of the Channel Islands. GoldMoney is primarily used by clients to buy gold as an investment and, secondly, as electronic money amongst users. Unlike BullionVault, for example, GoldMoney allows the instant transfer of gold between user accounts. Clients can always sell their gold back to GoldMoney at the current gold price.
As of June 30, 2006, GoldMoney had 176,600 ounces (5,492,899 grams) of gold in storage, which was worth $108.0 million. They also had 2,666,445 ounces (86,935,772 grams) of silver, worth $28.5 million at the time.

Feutures for Gold Investment

Asset protection
GoldMoney provides quarterly reports that verify the quantity of goldgrams is always equal to the amount of gold stored in the vault. Plus, external auditors complete periodic system reviews, with their annual report available to GoldMoney customers. All gold and silver is stored in a vault in Shepperton, England or Zurich, Switzerland owned and operated by VIA MAT International Ltd., and is insured by Lloyd's of London.

Fees
Unlike e-gold, who charge a gold storage fee of 1% per year (debited in monthly installments), GoldMoney only charges a fixed gold account fee of 0.1 gram per month (or 1.2 grams per year). This means that e-gold's costs are lower for gold holdings of under 120 grams (worth approximately $2,500), but GoldMoney is cheaper on larger holdings. For example a gold holding worth $1,000 would incur annual costs of $10 with e-gold but $25 with GoldMoney, while $30,000 would incur costs of $300 with e-gold but still only $25 with GoldMoney.

Digital Gold Currency

Digital gold currency (or DGC) is a form of electronic money denominated in gold weight. It is a kind of representative money, like a paper gold certificate at the time (prior to 1933) that these were exchangable for gold on demand. The typical unit of account for such currency is the gold gram or the troy ounce, although other units such as the gold dinar are sometimes used. DGCs are backed by gold through unallocated or allocated gold storage.
Digital gold currencies are issued by a number of companies, each of which provides a system that enables users to pay each other in units that hold the same value as gold bullion. These competing providers issue independent currency, which normally carries the same name as their company. In terms of the most popular providers, e-gold has the greatest number of users and GoldMoney holds the greatest quantity of bullion (as of January 2007).
As of April 2008, DGC providers held in excess of 9.6 metric tonnes of gold as disclosed reserves, which is worth approximately USD $280 million, which is a 47% increase since January 2007.

Gold Certificate

A gold certificate in general is a certificate of ownership that gold owners hold instead of storing the actual gold. It has both a historic meaning as a US paper currency (1882-1933) and a current meaning as a way to invest in gold.
The gold certificate was used from 1882 to 1933 in the United States as a form of paper currency. Each certificate gave its holder title to its corresponding amount of gold coin. Therefore, this type of paper currency was intended to represent actual gold coinage. In 1933 the practice of redeeming these notes for gold coins was ended by the U.S. government and until 1964 it was actually illegal to possess these notes (in 1964 these restrictions were lifted, primarily to allow collectors to own examples legally, however the issue technically converted to standard 'legal tender' with no connection to gold).

Gold Gram

A gold gram is the amount of value represented by exactly one gram of gold. It is a unit of account frequently used for digital gold currencies. It is sometimes denoted by the symbol "gg", "AUG", or "GAU".
A milligram of gold is sometimes referred to as a mil or mgg. Therefore, 1 AUG = 1 gg = 1000 mgg = 1000 mil, and 1 mil = 1 mgg = 0.001 gg = 0.001 AUG. This allows gold holdings and transfers to take place in tiny fractions of a gram (equivalent to a few cents)
A possible source of confusion is that gold is often priced on the open market in the more traditional troy ounce (one troy ounce is exactly 31.1034768 grams, which is larger than the avoirdupois ounce generally in use in the United States and has a mass of 28.35 grams). Some services such as BullionVault use kilogram prices of gold, with the smallest denomination being 0.001 kg or 1 g (equivalent to approximately US$27.70 as of January 2008). Kilogram gold prices are also commonly used by the Zurich Gold Pool, where 1,000 kilograms = one metric tonne.

Troy (weight,ounce,pound)

Troy weight is a system of units of mass customarily used for precious metals, black powder, and gemstones.
Named after Troyes, France, the troy system of weights was known to exist in medieval times. One cubic inch of distilled water, at 62 °F (17 °C), and at a barometric pressure of 30 inches of mercury, was determined to weigh 252.458 troy grains (gr).

Troy ounce
The troy ounce (ozt) is 480 grains, somewhat heavier than an avoirdupois ounce (437.5 grains).A grain is exactly 64.79891 mg; hence one troy ounce is exactly 31.1034768 g, about 10 percent more than the avoirdupois ounce, which is exactly 28.349523125 g. The troy ounce is the only ounce used in the pricing of precious metals, gold, platinum, and silver. The grain, which is identical in both the troy and avoirdupois systems, is used to measure arrow and arrowhead weights in archery and bullets and powder weights in ballistics. Grains were long used in medicine but have been largely replaced by milligrams.

Troy pound
The troy pound (troy) is 5,760 gr (≈ 373.24 g, 12 ozt), while an avoirdupois pound is 7,000 gr (≈ 453.59 g).
There are 12 troy ounces per troy pound,[2] rather than 16 avoirdupois ounces (oz) in the avoirdupois pound (lb) as in the more common avoirdupois system. The avoirdupois pound is 147⁄12 (≈ 14.583) troy ounces, since troy ounces are larger than avoirdupois ounces.
In Scotland the Incorporation of Goldsmiths of the City of Edinburgh used a system in multiples of sixteen. (See Assay-Master's Accounts, 1681-1702, on loan from the Incorporation to the National Archives of Scotland.) Thus there were 16 drops to the troy ounce, 16 ounces to the troy pound, and 16 pounds to the troy stone. The Scots had several other ways of measuring precious metals and gems, but this was the common usage for silver and gold.

Gold Dinar

The Islamic gold dinar (sometimes referred as Islamic dinar or Gold dinar or i-Dinar) is a bullion gold coin made from 4.25 grams of 22-carat (k) gold with historical Islamic significance. Gold dinar may also refer to various historic gold coins denominated in dinars.

Gold dinar in Malaysia
On the 20 September 2006, Kelantan became the first state to launch gold dinar coins. It features the Kelantanese state crest, the date of production, as well as the weight and purity of the gold used on its face. The DEK is similar to the original dinar in weight and purity of gold used. The coins can be bought and sold at the Kelantan Corporation Bhd (Perbadanan Kelantan Bhd) and all eight Ar-Rahn Islamic pawnshops in the state.

A silver dirham and a gold dinar
In Malaysia, under the IGD Practice Sdn. Bhd., they established wakala (Islamic banking agencies) in a few states in Malaysia.