Currently about 6850 kg of Gold is mined daily. One kg is $35,857.73 if purchased individually.
So $245,600,890.41 USD Gold miners receive daily,
The question is not if more money will flow towards BTC/LTC but at what rate the change over happens.
Silver is 9-19 times more abundant then gold and until 1900 the Gold/Silver ratio was roughly 16:1 however in the 20th
century the average was about 45:1
In 2011, global gold production was 2,618 tonnes. Global silver production was 23,688 tonnes
One of the key elements for something to be regarded a solid investment is fairness
. The fast majority of cryptocoins fail miserable at this key ingredient. Others have other issues (Dogecoin, Namecoin..... )
So from the word go:
With some of the early noise removed (12.3 or 10.4.2013 would be better still) right now Gold Silver 72.45 BTC/LTC 69.33
Same as above except cut at 200:1 insteat of later start date. Within 20 days ratio was at 114:1
Bitstamp BTC to BTCe LTC (slight difference to wisdom) and Gold Silver thrown in
Bitcoin to Gold and Litecoin to Silver
Litecoin to Silver from October 2011
Cant see the trends changing and how much longer in USD before the BTC/LTC standard is in place?