Our charts allow you to easily compare ratios between different metals, fiat currencies, cryptocurrencies, and other assets by simply typing them into our search window above. Some of our most common searches are:
Gold to PAX Gold:
Although gold prices constantly fluctuate, investors tend to use gold as a safeguard against volatile markets, making it a secure and stable asset. With PAX Gold, we want you to feel that same security. Alpha Bullion always monitors gold prices, and adjusts our redemption amounts for PAX Gold tokens accordingly, meaning that no matter the hour or the gold prices, you will always be able to redeem one ounce of PAX Gold for one ounce of physical gold.
Gold to Bitcoin:
Unlike PAX Gold, Bitcoin is not backed by any other assets. This means that it only has value because investors say the mining algorithms used to produce it have value. While it can offer more security than stocks, as its mining algorithms mimic the backing process for fiat currencies, in practice, it often fluctuates with the market in ways that gold does not. Our gold-to-bitcoin chart allows you to see live updates on how the two compare, to help you see the unique opportunities a gold-backed cryptocurrency like PAX Gold offers.
Gold to Ethereum:
Like Bitcoin, Ethereum is an open source network. However, it was not intended as a cryptocurrency, but rather as an innovative use of the blockchain technology that powers Bitcoin to create a decentralized “global computer” for running applications. Still, the network does run its own Bitcoin-like currency called Ether, which members use to monetize the work created by applications run in Ethereum. Ether is traded like Bitcoin, and although it currently operates on the same proof-of-work mining model Bitcoin does, it eventually hopes to move to a proof-of-stake model, which would assign users to create new blocks in the chain using a random selection of user information such as wealth or age. This would theoretically consume much fewer energy resources than bitcoin’s model, lowering the cost required to mine Ethereum. Still, like bitcoin, it is only backed by its algorithms.
Our gold-to-ethereum chart allows you to see live updates on how the two compare, to help you see the unique opportunities a gold-backed cryptocurrency like PAX Gold offers.
Gold to Litecoin:
Litecoin was created in 2011 by former Google employee Charlie Lee. Like Bitcoin, it was intended to be a cryptocurrency going in. However, unlike Bitcoin, Litecoin uses a different blockchain algorithm known as Scrypt. Scrypt is much more efficient than bitcoin’s SHA-256 algorithm, meaning that it can produce about 4 times as many litecoins in the same amount of time that it takes to make 1 bitcoin. It also doesn’t allow much user customization, helping it to level the playing field amongst different types of miners. This is where Litecoin gets its name- it is like bitcoin, but presents a lighter load. And like bitcoin, it is not backed by anything other than its algorithms.
Our gold-to-Litecoin chart allows you to see live updates on how the two compare, to help you see the unique opportunities a gold-backed cryptocurrency like PAX Gold offers.