OpenRuby.com

20 Feb '13, 7pm

It's official , the value of 1 bitcoin exceeds the value of 1 ounce of silver. #bitcoin

It's official , the value of 1 bitcoin exceeds the value of 1 ounce of silver. #bitcoin

FAQ Ounce.Me Sum 1 ounce of Gold + Silver + Palladium + Platinum = $3,943.54. Each of these metals are unique in the fact that they have their own currency codes, hence are considered currency. If the number is rising, that means that they metals are gaining on fiat issued currency such as The US dollar or the Euro. Where do you get these prices? They are actually updated real time from EFT's. For example the Silver Quote is updated with the live update from NYSE:SLV. In general EFT's are designed to track the price for one ounce of each precious metal. They would be considered actual spot price within a very small margin of error. However Ounce.Me uses a formula to factor out the EFT charges, if an EFT charges a percentage, our formula automatically factors out the EFT charges so you see the true spot price. Regarding Bitcoin, We check multiple exchanges in real time, ave...

Full article: http://www.ounce.me/

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