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Gold to Silver ratio?? WTHeck is best???
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<p>[QUOTE="World Colonial, post: 2439972, member: 78153"]Gold is more than just a commodity. It is still treated as quasi-money. Central banks still use it as a reserve asset. If gold was viewed as just another commodity, it doesn't make sense that its price has outdistanced all other commodities (including silver) since the US abandoned gold convertibility for foreigners in 1971 because it is historically overpriced starting in the 1970's versus previously. I interpret your posts to disagree with this view but its inflated relative price indicates that enough people believe otherwise.</p><p><br /></p><p>Silver on the other hand is primarily used as a commodity, though it is bought by a large number (low proportionally) as a store of value.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2439972, member: 78153"]Gold is more than just a commodity. It is still treated as quasi-money. Central banks still use it as a reserve asset. If gold was viewed as just another commodity, it doesn't make sense that its price has outdistanced all other commodities (including silver) since the US abandoned gold convertibility for foreigners in 1971 because it is historically overpriced starting in the 1970's versus previously. I interpret your posts to disagree with this view but its inflated relative price indicates that enough people believe otherwise. Silver on the other hand is primarily used as a commodity, though it is bought by a large number (low proportionally) as a store of value.[/QUOTE]
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Gold to Silver ratio?? WTHeck is best???
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