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filharvey (OP)
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March 26, 2013, 01:33:32 AM
 #1
Today I had a proper chance to speak to a friend of mine who works at the biggest gold seller in the us. I found out some interesting bits on how they do business and their margins (which are v low). But I'm interested more in how large is the bitcoin to gold market at the moment?

He is interested in getting involved in a possible company, but I'm not sure the market is there. The one thing I can say is that the pricing he can get for gold is lower than anyone via the company.

Phil
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March 26, 2013, 02:14:44 AM
 #2
Gold will certainly increase in price in the future IMO, by what factor though? Even at $10k per ounce it would be roughly 6.25x current price. A similar increase in Bitcoin would represent a price of about $468. The other factor, of course, is that Bitcoin can't be manipulated as easily as gold and silver obviously are. But, of couse, he knows all about that.

http://blockchain.info/charts/market-cap
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