It could be argued that gold is priced somewhat arbitrarily, based on market demand as a store of value -- exactly like BTC. However gold is a physical product and has real-world uses as an element.
With all that taken into account, will the market drive them to general parity? Like the Euro/Dollar?
This is imo will be a great effect for the whole crypto community as well. There are a few of the crypto projects that also wanna have a token that is paired with the value of gold and other precious minerals and elements. I say one of the factors that will have an impact to this economy if we have like a parity to the popular commodities.