Commerce Gold (c-gold.com) owned by Private Gold Equities Exchange Limited, a Seychelles company, established in 2005 with certified with licence no- 024795 is a payment system which claims to back up the clients fund with equivalent amount of gold deposits.
C-gold has many million dollars to gold deposit in of Malaysia and users at there website can actually trade for gold against money or can send gold and money from one account to another. Company as of today has around 33.6 KG of gold in form of money and gold deposit in there clients account and there storage.
C-Gold account provides secure and instant online payments option 24/7 to there customers with transaction fees as low as 1% although clients are charged 1% annual fee for the maintenance purpose which is deducted on monthly basis from there account.
More details on transaction fees of C-gold https://c-gold.com/fees.php