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<p>[QUOTE="Prestoninanus, post: 987217, member: 20205"]When you consider that 100 years ago, pretty much every country in the world struck millions of actual silver coins for general circulation (as opposed to mere hundreds of thousands as bullion/collector products today), and that its use in film photography has declined since the rise of digital photography, I'm not surprised its value in relation to gold has declined. The relative demand for it should be much lower than what it was. Historically, the gold to silver ration was about 1:16, it is now 1:62. I don't know if that ratio is the right one, but it doesn't seem that outrageous considering the importance of silver as a commodity is a lot less than what it used to be. Gold on the other hand, has always been seen as a store of wealth, has tax advantages in the EU (world's largest economy), and is in HUGE demand in Asia, especially India, which is the world's biggest gold market. This will probably continue in the long term as India prospers and drags itself out of the third world...[/QUOTE]</p><p><br /></p>
[QUOTE="Prestoninanus, post: 987217, member: 20205"]When you consider that 100 years ago, pretty much every country in the world struck millions of actual silver coins for general circulation (as opposed to mere hundreds of thousands as bullion/collector products today), and that its use in film photography has declined since the rise of digital photography, I'm not surprised its value in relation to gold has declined. The relative demand for it should be much lower than what it was. Historically, the gold to silver ration was about 1:16, it is now 1:62. I don't know if that ratio is the right one, but it doesn't seem that outrageous considering the importance of silver as a commodity is a lot less than what it used to be. Gold on the other hand, has always been seen as a store of wealth, has tax advantages in the EU (world's largest economy), and is in HUGE demand in Asia, especially India, which is the world's biggest gold market. This will probably continue in the long term as India prospers and drags itself out of the third world...[/QUOTE]
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