Has there been any discussion yet about whether it's better to have BitGLD and BitSLV or BitGold and BitSilver? The reason I ask is because "GLD" is the SPDR gold shares ETF and "SLV" refers to the iShares silver trust ETF. Obviously, the ETF prices are quite different from the physical metal prices. For example, the price of gold is about $1,250 per ounce, while the price of GLD is about $118.38 per share.
Quite a few precious metals "experts" have argued that the paper asset ETFs GLD and SLV do not provide as much security as the physical metals because (1) the ETFs may not be backed by as much physical bullion as they advertise; and (2) in a real economic/financial catastrophe, the paper prices could decouple from the physical prices and become basically worthless.
So, should the new Bitassets aim to track ETF per-share prices (BitGLD and BitSLV), or should they track per-ounce physical prices (BitGold and BitSilver) instead? It could be argued that the latter would be safer and more useful for those seeking to hedge against a real monetary or financial crisis.