Trading BitGld to diversify risk

[pgbit]

55k is the price in for 1 bitGLD in BTSX!!
1 bitGLD is in OUNCES .. not kilos

ohhh! my chart fail. I realised this just now and was hoping to update my post!
- thank you also Shentist

[Shentist]

or xe.com which works in ounces
1.00 XAU    =    1,238.50 USD
(35.274 ounces in a kilogram)
= about $43,686

looks good to me

1.238,50 USD 1 ounce == (57.581,953 BTS)

so the feeds are good!

[xeroc]

55k is the price in for 1 bitGLD in BTSX!!
1 bitGLD is in OUNCES .. not kilos

[pgbit]

Really useful info, thanks. The feed price seems higher than independent sites, for some reason.

You can see from the scripts how data is fetched and calculated (it checks finance.yahoo.com).
Which sites do you refer?
Does their price differ from finance.yahoo.com?

The price feed now on BitGLD : BTSX is just above 55k.

These links show a different price:
http://goldprice.org/  $39,802.62
https://www.bullionbypost.co.uk/gold-price/week/kilograms/USD/ $39,811

or http://www.kitco.com/market/us_charts.html
- this one seems good, it has 8 hour and 24 hour prices. $39,809

or xe.com which works in ounces
1.00 XAU    =    1,238.50 USD
(35.274 ounces in a kilogram)
= about $43,686

I couldn't fine the yahoo finance gold price... just seems to list stocks.
Anyone know what accounts for the difference?

[emski]

Really useful info, thanks. The feed price seems higher than independent sites, for some reason.

You can see from the scripts how data is fetched and calculated (it checks finance.yahoo.com).
Which sites do you refer?
Does their price differ from finance.yahoo.com?

[pgbit]

Some delegates use the following scripts to fetch prices:
(original by alt) https://bitsharestalk.org/index.php?topic=7787.0
(xeroc's modification) https://github.com/xeroc/pytshares
(my modification over xeroc) https://bitsharestalk.org/index.php?topic=9698.0
There could be other unpublished scripts.

All delegate's price feeds are visible at http://www.bitsharesblocks.com/.

Really useful info, thanks. The feed price seems higher than independent sites, for some reason.

[emski]

Some delegates use the following scripts to fetch prices:
(original by alt) https://bitsharestalk.org/index.php?topic=7787.0
(xeroc's modification) https://github.com/xeroc/pytshares
(my modification over xeroc) https://bitsharestalk.org/index.php?topic=9698.0
There could be other unpublished scripts.

All delegate's price feeds are visible at http://www.bitsharesblocks.com/.

[pgbit]

http://en.wikipedia.org/wiki/Gold_as_an_investment

Gold apparently correlates well with Crude oil price...
Seems like a good option to invest in for diversification so Bitshares having BitGld is great. I think we need to support it and built it up a bit. Its easy to test with small bids, accessed from the wallet in the Market tab.

Currently the gold price listed elsewhere is around 38.5k
eg http://goldprice.org/

and this is a little different from the current price feed - around 54k
- is it in the nature of the peg to be set naturally higher than the "real price"

Just getting to grips with it, so I have a few questions:

(1) Can we see which delegates are maintaining the gold price feed, and if they are setting prices accurately? Knowing the Price Feed sources, and making this public would be helpful.

(2) With any forthcoming adjustment to BitsharesX -> Bitshares and any other proposed changes, will BitAssets remain connected and "valid", or for some bitassets is this some form of testnet?

(3) Units. These are USD per kg - I assume - can this be added to the chart?