The inefficiency of dividing gold is what makes it unpractical.
Bitcoin is more aggregable, because in gold's case it should be melted/purified back to one piece, and to keep its certifications / signatures is even far harder.
Honestly traded means that in order to sell bitcoin, you should have it initially.
There are no "sell contracts" on it, as in "naked shorts".
This is why it is a realer commodity than paper gold.
If you refer to real gold, its price is dictated by the price of paper gold, so you implicitly refer to paper gold when you refer to real gold.