Except that with SendGold you do own physical gold, stored in a...

Except that with SendGold you do own physical gold, stored in a vault for you instead of under your bed. It's your gold. It's your property. They couldn't be more clear about this on their website or in their Terms of Use.
I checked their prices for 5 grams against ABC and Perth and they seem very competitive, better in some cases. So maybe The Perth Mint inventor/owner is the one making the real money?
Is the Australian dollar "digital money"? I can send that with my phone too. Or is that BS too