The price of a bitcoin, in gold, over time

By Roberto A. Ferdman & David Yanofsky

It’s been quite the year for bitcoin, and quite the opposite for gold.

At the start of this year, on January 2, 2013, gold was trading at $1,687.90 per toz, and bitcoins were priced at just under $13.30 each. A bitcoin exchanged for dollars then used to buy gold on that day gave the buyer 0.0079 toz of gold. Today that same exchange buys 0.2675 toz of gold, an amount about the size of a penny.