Message:

<p>[QUOTE=&quot;medoraman, post: 1073181, member: 26302&quot;]Look in any book about greek coins, understand the conversion between the units of measure, then look at the weights of silver and gold in the coins. It is almost always at a 16:1 ratio in conversion. Rome the same, (before debasement), Byzantine the same, Europe the same, etc. Its not an urban myth, in fact our US monetary system was based on this from the very beginning.</p><p><br /></p><p>EDIT: This is not always true around the world, as some cultures valued them slightly different. However, with increased trade the entire world began using the European ratio because if they didn&#039;t their undervalued metal would leave their country. East Asia would be an example.</p><p><br /></p><p>China has had a history of treating silver as a store of value in Sycee, but China, India, and the rest of SE Asia today prefers gold for ease of use, cultural traditions, and the ability to have it as jewelry along with a store of value. I had to buy my wife about 10 ounces of it for our wedding, along with most other couples there, and I didn&#039;t buy an ounce of silver.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in