An idea of digital gold standard is something that has been spinning in my mind for a couple of months now.
In that case you will not need to divide your gold physically. Your gold can be stored in an allocated account where it's not any company's (or bank's) asset.
Say like buying a new Toyota for like 0.5 oz of gold digitally with a type of Master Card that has a gold on it instead of $?
Instead of the term Cash we would get the term Physical. But that would only come in play with big purchases where the metal won't have to be divided physically.
In that case you will not need to divide your gold physically. Your gold can be stored in an allocated account where it's not any company's (or bank's) asset.
Say like buying a new Toyota for like 0.5 oz of gold digitally with a type of Master Card that has a gold on it instead of $?
Instead of the term Cash we would get the term Physical. But that would only come in play with big purchases where the metal won't have to be divided physically.