Hard assets & reactors · Gold/BTC value

← Hard assets & reactors · dollar → bonds → yen → hard assets · data to 2026-10-19

Gold/BTC ratio · BTC in oz of gold

19.69 oz per BTC · fair · p45 of last 60 months
BTC 81,925 · gold 4,160.3 · bar Oct 19 2026 (yahoo quote times Oct 19 2:51 PM / Oct 19 1:59 PM PT)*
btc vs gold fair · p45 (60m)
btc (map emblem)BTC
gold (map emblem)GOLD
fair
60m read: ratio 19.69 oz vs median 20.28 · higher than 45% of the last 60 months · band 14.61–27.66
rule: 40–60th pct = fair · below the 60m median = btc is the value side · above = gold is the value side
fair value · where 19.69 oz sits in the last 60 completed months (main read)
last 60 months, Oct 2021–Sep 2026 · main
0255075100
reading 19.69 oz · higher than 45% of 60 months · median 20.28 · band 14.61–27.66
below the median, inside the band
context · all months since 2014
all months, Sep 2014–Sep 2026
0255075100
reading 19.69 oz · higher than 72% of 145 months · median 8.04 · band 2.93–20.16
above the median, inside the band
0.313103020162018202020222024202619.69
BTC in oz of gold, month-end, log scale, Sep 2014–now · brass dashed = rolling median of the prior 60 completed months, dotted + shading = rolling 25th–75th pct (starts Sep 2019, the first month with 60 behind it) · right label = latest 19.69
who's ahead (momentum) · separate from the value verdict · % change of each leg from the base date's close to the latest bar · BTC higher on 3, gold on 3 of 6
windowfromBTCgoldBTC − gold
pts		ratio (oz)higher
1MSep 18 2026+1.3%-6.0%+7.218.28 → 19.69BTC
3MJul 17 2026+28.2%+3.5%+24.715.90 → 19.69BTC
YTDDec 31 2025-6.4%-4.2%-2.220.16 → 19.69gold
1YOct 17 2025-23.1%-1.3%-21.825.27 → 19.69gold
3YOct 19 2023+185.3%+110.1%+75.214.50 → 19.69BTC
5YOct 19 2021+27.5%+135.0%-107.536.30 → 19.69gold

method · ratio = BTC-USD close ÷ COMEX gold front-month close (yahoo GC=F), on days both print. fair value = month-end ratios; main read = median and 25th–75th percentile of the last 60 completed months, context = the same over all months since Sep 2014 (first BTC-USD month on yahoo); percentile = share of those months with a lower ratio. chart band = rolling: each month uses the prior 60 completed months. verdict rule: percentile 40–60 = fair; otherwise ratio below the 60m median = btc is the value side, above = gold is the value side. momentum = each leg's % change from the last common close on or before the base date (YTD base = last close of the prior year).

* 'bar Oct 19' is yahoo's date label for the futures session that opens Sunday evening (gold) and the UTC day (BTC); the reading is in progress, not a close.

value read from history, not a signal.

sources Yahoo BTC-USD · Yahoo GC=F