I think we need a lot more people participating in all of these markets.
The market depth isn't there right now which is making the price spread a bit "crazy".
The more people we get participating in these markets, the healthier they will become.
You need to remember that "bit" ANYTHING is actually just a bet.
When you acquire bitGold you are betting that the price of Gold relative to BTS will increase faster than the price of another asset such as silver or USD.
When you CREATE or SHORT these objects into existence then you are taking the opposite of that bet. You are betting that BTS will rise relative to Gold. Put another way, you are betting that the price of Gold in BTS terms wil bel going down faster than the BTS price of another asset such as silver or USD.
No matter which way you look at it, it's not an investment in the classical sense.
There is no underlaying "Gold" for you to receive inkind should the market collapse and if there are no takers, you might well be forced to ride your bitGold all the way down to 0.
May as well call it "betGold"
As a crypto or electronic asset though, market pegged bit assets are by far superior to anything else out there.
There is nothing in the world that has the potential that this class of products has.
Just keep in mind that you aren't really trading and investing in an asset, you are trading in a derivative.
As a derivative it is not based on gold or any other asset in any meaningful sense of the word.
It's just a bundle of bitshares guaranteed to always be equivalent to the price of said asset according to the published feed which may or may not be an accurate representation of reality.
With the expected "7 Year Cycle" due to come this year, it would be a very good idea to spread yourself out among the various "hard currency" derivatives such as bitGold & bitSilver. I would also recommend keeping some in bitUSD and some other bitFiats as a way of offloading the risk of market declines.