Thats slang really because very few people ever use gold as currency or asset.     Thats a point in its favor I guess that  its not overly popular, over played like the enforced FIAT standards have surely worn thin.

I've traded and held literal digital gold.  It was done centrally by a vault operator and sold online in very small amounts which appeals to the common pauper folk.   Micro gold isnt cheap but this was purely the market price split precisely quite nice I thought.  In the end it was a big problem because they didnt like I held too much, obviously I was thinking price would rise I had not sold much and that rise did occur after years.
  Its the usual never ending red tape nonsense and obviously they already had everything same as any bank account.  It is tax free in alot of places so I guess more closely watched.
   Took half a year I could do nothing and eventually they allow me own then sell my actual holdings, if I'd needed the cash to pay a medical bill or whatever meantime it'd have been useless but too bad tough luck thats how it works unfortunately.