Please stop denying gold isn't any less manipulated than Bitcoin
Gold is naturally distributed over millions of years. How could it be manipulated in its source when its a purely natural element. Do the figures reported year by year get a human bias of course but the major point to gold is that its not really under the control of anyone.
Bitcoin has a hard time arguing with that as its obviously evolved out of direct human engineering. However its maturing and has come a long way and is the most distributed of all the crypto currencies as I understand it. I'd still think gold is far more a natural market then Bitcoin.
Obviously I mean the actual presentation and clearance of the resource in both cases. No point arguing about virtual certificates for Gold or BTC. The market price for gold does not match up, I agree with that. China is the worlds largest producer, it does not export gold and it does not report properly so we dont have a price available in FIAT thats accurate for gold probably ditto USD is a mess.
Until gold is in every day exchange for goods into billions as a currency I think its mostly estimated. Obviously BTC price is largely decided by speculation more then trade. The actual gold resource itself in the ground is fairly evenly distributed though
"The actual gold resource itself in the ground is fairly evenly distributed though"
How do you know this? do you have any data on the "initial gold distribution" before the gold rush craze began? I wonder how a map like that would look like before and after.
I seriously doubt it happened to be evenly distributed. Even if it was, you still needed the tools to mine it. So the guy that already had power also known as resources, would have trucks, big drills and so on, so he would quickly establish a monopoly on the local goldmines. The guy that didn't have nothing but their hands and perhaps a hammer and a shovel tops couldn't compete.
Of course you can't argue that gold's "settings" are more natural than bitcoin (someone had to manually input the initial settings of bitcoin after all), but at the end of the day you have to be pragmatic, and bitcoin seems way more useful than gold for reasons already explained in previous posts.
Bitcoin is also the only coin that grew organically, without get rich quick expectations of altcoins.