I want to start a virtual currency. I would be backed by gold. I am planning on making money by inflating the currency by simply selling off units I create out of thin air. I know this will inflate the currency but I plan on starting a lending market on it. The interest rate will match percentage of increase in money supply, so no hyper inflation will occur. I would like to inflate the currency by 3% a month, hence interest rates would be 3% a month, or a little bit over to entice investors. There will also be a spot where there is a "Suggested Exchange Rate," which will be based on the book value of the currency, which is derived from the precious metals reserves. This ensures no bubbles will form.
My biggest problems are Marketing, Market-Making, and maybe tweaks in the monetary policy. I also need maybe a place where the currency can be traded for goods, like maybe I can give online retailers payoffs for accepting my currency as payment.
I was also thinking of issuing bonds, payed for with dollars and payed back with units of my currency.
I have $400,000 and would like to know how I could start with that amount, or maybe raise more, and with software and websites and marketing ideas, how to store the gold, and attach that value to the currency.
Thanks for help and suggestions in advance! 
I’m going to try and answer this for you, but I think Yahoo Answers is a little out of its league for this type of question. You should probably seek advice from an economist and specialised lawyer.
Firstly, my opinion is that your inflation rate is too high. And you should also consider converting it to an annual percentage rate so that it can be easily compared to other investments.
What you have is a novel idea. It made me think a little, and I wonder why there is currently no universal or worldly currency (i.e. one that is accepted as legal tender in every country). I think the Euro is the closest to this that we have… Some time in the future, I believe this to be inevitable, however, I’m not sure if a single person, or even company could pull it off. It’s perhaps something best suited to the IMF.
Anyway, back on topic… You have to be careful about your ‘suggested exchange rate’ idea. Baically, this figure equates to the value of one’s investment, much like a stock, and how it is derived or controlled will be of critical essence in the success or failure of your idea.
In regards to the above paragraph, perhaps you could float a company, and sell off a fixed number of units to your company. This would not be your virtual currency as such; just ownership to the idea. That would eliminate the need to sell off bonds, which you should not do, unless it is for the specific purpose of raising capital.
As for the marletplace, it won’t be likely that any retail shop would accept the currency if it were subject to any type of fluctuations. They want to be able to bank it for a specific amount, otherwise, it would play havoc with their pricing strategies. I know that particular statement is not an answer, but it is food for thought, as you need to consider the ramifications of that issue.
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