The DGC (digital gold currency) payment system enables people to...

The DGC (digital gold currency) payment system enables people to spend specified weights of gold.

For example, let's say you wanted a new iPod. You could buy one online for roughly $300 at any consumer electronic store like BestBuy.com or CircuitCity.com. Or, with spot gold at US$1000 an ounce, you could buy one for about 9.33 grams of gold.

With a little attention paid to the gold market, you could get a real good deal. Here's how...

Assuming you used DGC to buy one today, it would cost you roughly 9.33 grams of gold (worth about US$300 with the spot price of gold at US$1,000 an ounce).

Now, let's say a month or two later gold prices pull back to US$800 an ounce. The same 9.33 grams of gold you paid for your video iPod would now be only worth $239.97. And to match the US$300 asking price you would need to give 11.66 grams of gold for the iPod. In this case you benefited from buying the iPod with gold at US$1,000 compared to gold at US$800.

So the key to using digital gold currency to pay for goods and services is to deposit money when gold prices are low and use the currency while gold prices are high.

Now, there are a few some things to know before opening a digital gold currency account.

First, since digital gold currency is relatively new, most of the world hasn't adopted it. But merchants who accept and welcome DGC are on the rise as thousands join in to participate in the convenience of a true global e-currency system. In fact, e-Gold, one of the oldest provider's of digital gold currencies has over 3.5 million account holders now.