Gold-backed cybermoney newest currency online

PT       2001-06-16 
In a strange quirk of fate, the Internet may be breathing new life into an ancient currency -- gold. Several Caribbean-based Web companies have begun storing gold in places like Dubai, Zurich and London and allowing Internet users to own pieces of the metal and use it as an online currency. So instead of relying on credit cards -- the dominant online payment system -- people can opt for bullion-based cybermoney, which purveyors tout as a quick, cheap and private alternative.