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In Reply to: Spot Silver Price posted by pictureguy on August 2, 2022 at 13:48:40:
I remember when silver was over $40 with gold being less than today.
Historic ratios for comparison
The ratio of silver to gold in the earth's crust is 17.5:1. In Roman times, the price ratio was set at 12 to 1. In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. The average gold/silver price ratio during the 20th century, however, was 47:1.
Over the past 20 years, the ratio has averaged right around 60:1. Thus, the current ratio of 85 is very high historically and nearly 60% above the 20-year average. The ratio is signaling that silver is extremely undervalued relative to gold at this point in time.
-Rod
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Follow Ups
- Silver is way under valued.... - Rod M 08/2/2220:51:22 08/2/22 (4)
- RE: Silver is way under valued.... - pictureguy 13:26:31 08/3/22 (0)
- through recent history ~100 years...-gold has tracked the price of a decent men's suit..-nt - elblanco 04:31:36 08/3/22 (0)
- RE: You Never Hear Pay Me In Silver Or No Deal! Silver just isn't sexy, not like... - B. Scarpia 04:28:32 08/3/22 (0)
- RE: Silver is way under valued.... - pictureguy 21:54:39 08/2/22 (0)