Actually, Trace Mayer did in a 21 March 2013 article:


$1560/$266=5.86

Right smack in the middle of 3-7 bitcoins per ounce of gold.

The current correction has taken it to about 10.2 bitcoins per ounce of gold. So expect a consolidation with a gradual closing of the ratio. This will probably be a combination of both an increase in the price of bitcoins and a decrease in the price of gold.

I'm wondering: Since you wrote about your concern regarding people levering their way to ride this run, don't you think this could have been prevented by not advertising potential gains like it was done?

thats about right for him to be able to buy a mansion

Although its hard to do an update at this time, perhaps now is also when it is most valuable.

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 71.90.  Gold is 1525.00.  Nasdaq is 3300.00
Bitcoin: 1231.48%
Gold:    -9.76%
Nasdaq:  8.02%
Gold Diff:  1376% advantage Bitcoin and Shrinking
Nasdaq Diff:  1133% advantage Bitcoin and Shrinking


This thread was started in the period of stability after first bubble popped.  If you had invested then, your investment has outperformed gold and stocks by over 10 times!  And if you had invested at the "bottom" (around $2) you would be looking at 20x returns!  In less then 2 years. 

Bitcoin is on an exponential adoption curve.  This is so exciting that it periodically gets ahead of itself.  Way ahead.  Don't beat yourself up for not selling near the top... if you had done so you would essentially have been simply taking that money from new investors, rather then due to a fundamental growth in Bitcoin.  I guess the consolation prize for feeling guilty is being rich :-).  But since you are reading a thread about gold, I'm guessing long term investment not trading is a major part of your strategy; don't lose sight of that now.

A thought for those who are showing a paper loss -- for those who bought during this bubble:  You have a decision.   You can sell and take a real loss, reducing your portfolio diversification, taking a position in an inflating currency, and losing any chance of taking advantage of the volatility next time.  Or you can keep your money in bitcoins, recognizing its significant volatility on top of exponential growth.  If you had bought at the very top of the last bubble you'd be up over 100% right now.  Or see this as a buying opportunity.  Personally I don't see the choice as difficult.

And finally, a note about the future... during the last bubble people really thought that it was "the end of bitcoin".  Today, there is that history to look back on.  And people will look back on it and make investment decisions accordingly.  This is clearly not the end; there is life after a bubble.  In fact the Bitcoin story is still just beginning.

gold and silver on HIGH ALERT.

given what's happening with gold and silver, i strongly suggest that all you idiots who are dumping Bitcoin reverse yourselves and start buying.  

you won't get another chance.

i believe there are 2 young men on this forum who owe me 1 BTC each?

buried somewhere deep in the bowels of this or the other gold thread i predicted this would happen to gold, ie, gov'ts and their central banks having to sell gold to raise cash:

http://www.zerohedge.com/news/2013-04-12/mario-draghi-orders-cyprus-sell-gold-cover-bailout-shortfall

gold down $78.4 or -5%.

1487

Who? Germans are repatriating gold, why do you think that is?. Gordon Browne sold UK's because the Germans came looking in the late 1990s, UK is screwed. Cyprus is being forced to hand over gold to ECB. Russia, China, India buying record amounts of gold.
Record levels of physical gold being withdrawn from vaults.

http://bullmarketthinking.com/comex-gold-inventories-collapse-by-largest-amount-on-record/

Arizona passes law gold/silver legal tender.

This is accelerating much faster than I ever imagined.