If 1 BitUSD should always be worth around 1 USD, then 1 BitGLD should be worth..

[kosh]

If you look at the asset portion of the block explorer you can click on any asset and then click the info tab. This will explain more about the asset. See: https://bitsharesblocks.com/assets/market. Precious metals are nearly always measured in Troy Ounces, sometimes abbreviated ozt.

There are other assets, like Oil, that are pegged to the barrel. Confusingly, "GAS" is 1 gallon (US) of 87 Octane. I would expect "GAS" to be natural gas and "GAS" here to be something else like "GAS-87" or "PETROL-87" and what about gasoline by the liter anyway? But, I digress.

[karnal]

Now it makes sense 8) Thanks cass..

[cass]

.... what?

:-\

1 troy ounce .999 fine gold

https://bitsharesblocks.com/asset/info?asset=GOLD

[karnal]

.... what?

:-\