There are a lot of goods that represent the value of something. Normal is inflation in relation to currency, but, for example, there is a relation that 1 square meter of real estate (ground) to gold or live stock. There was conducted very interesting experiment:
Original (Polish):
http://wycena.com.pl/wartosc-gruntu-wg-transakcji-z-roku-1897-i-jego-wartosc-dzisiejsza-wg-mapy-cenowej-dla-gruntow-w-warszawie/Translation (English):
https://translate.google.pl/translate?sl=pl&tl=en&js=y&prev=_t&hl=pl&ie=UTF-8&u=http%3A%2F%2Fwycena.com.pl%2Fwartosc-gruntu-wg-transakcji-z-roku-1897-i-jego-wartosc-dzisiejsza-wg-mapy-cenowej-dla-gruntow-w-warszawie%2F&edit-text=It seems that BTC has no relation to other goods, which means, that is totally independent from the commodities market. So, I will build a thesis, that it has no relation to gold but more is a derivative itself.
