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<p>[QUOTE="medoraman, post: 3656802, member: 26302"]Gold and silver were similarly valued in the West, so therefore a gold/silver ratio was somewhat tied to relative scarcity. The modern world has blown this up completely. Now you have massive deposits of copper being mined which by definition throw out silver. You have more than half the world demand for gold that cares NOTHING of silver. I was just in Thailand for three weeks. NO ONE there invests in silver. If they have silver at all, it is cheap jewelry for children or offering bowls. EVERYONE there owns gold. I could not find one lick of platinum either. My mother in law had never heard of platinum when my wife showed her the new platinum wedding ring I bought her. </p><p><br /></p><p>So, gold silver ration was a thing historically when "the world" as we knew it all valued them both. Now "the world" of PM buying highly disproportionately values gold only, the ratio is not irrelevant. Might as well talk about a "big mac to Ford F150" ratio, it would have just as much validity today.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 3656802, member: 26302"]Gold and silver were similarly valued in the West, so therefore a gold/silver ratio was somewhat tied to relative scarcity. The modern world has blown this up completely. Now you have massive deposits of copper being mined which by definition throw out silver. You have more than half the world demand for gold that cares NOTHING of silver. I was just in Thailand for three weeks. NO ONE there invests in silver. If they have silver at all, it is cheap jewelry for children or offering bowls. EVERYONE there owns gold. I could not find one lick of platinum either. My mother in law had never heard of platinum when my wife showed her the new platinum wedding ring I bought her. So, gold silver ration was a thing historically when "the world" as we knew it all valued them both. Now "the world" of PM buying highly disproportionately values gold only, the ratio is not irrelevant. Might as well talk about a "big mac to Ford F150" ratio, it would have just as much validity today.[/QUOTE]
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