Quote from: winteriscomming on March 15, 2017, 11:41:25 AM

Right now we are seeing a lot of news with Bitcoin pariry with gold. In my opinion this parity doesnt make any sens and im going to explain why.

First just to clarify im got no relations or hold any gold. for me is an impractical way to store money (for security reasons).....so the price of bitcoin is higher than gold, but the thing is that we are using the wrong units to measure this, the actual parity is 1 BTC versus 1 onz of gold, but this are not the real values, why:

1 BTC i qual to 1.00000000 BTC and the minimiun measurable and tradeable unit of The BTC will be 0.00000001 BTC, equals to (1250 usd, actual value of BTC) 0.0000125 usd.

1 onz of Gold is iqual to 28.35 gr so the minimiun measurable and tradeable unit of Gold will be 1 gr (1 gr Gold round) equals to (1201 usd ,actual value of Gold) 42.36 usd.

Real Values are:

0.00000001 BTC = 0.0000125 usd
1 gr Gold = 42.36 usd

Right now of course nobody trade 0.00000001 BTC but if look into the future and beleave that BTC is going to be part of the normal trade life like gold for example, we are forecasting that 1 BTC is going to be iqual to at least 4236.000.000 usd, and this big number is the result for 0.00000001 BTC when the BTC =1 gr of Gold.

We are seeing that the mainstream is using this units and the bitcoin mainstream comunity too. Do not fall in to this. This "Gold Support" is not real.

i apologize for my english.

This is my humble opinion...regards and good luck!

Just to correct you.

1) An oz of gold is 31.1g - Gold is measured in troy oz not imperial oz.

2) The minimum common measurable tradable amount of gold is done in grains not grams. 1 gram = 15.4324 grains

So as you say you hold no gold as you dont know what your talking about Grin