Message:

<p>[QUOTE=&quot;harrync, post: 3389109, member: 58588&quot;]Another great Hunt brothers story: [I am not 100% sure I believe it, but if IIRC, it was in Barron&#039;s.] Just as Bishop Ussher calculated that the world was created around 6 pm on 22 October 4004 bc by adding up all the begats in the Bible,&nbsp; some clergyman had calculated the silver/gold ratio in the Bible as 5 to 1. Apparently there is no direct comparison, but you do something like &quot;so many oxen for a talent of silver, so many slaves for an oxen, so many bushels of grain for a slave,&quot; etc. until you get the ratio of silver to gold. Five to one sounds pretty reasonable for 1000 bc - I remember reading somewhere that in ancient Egypt - 3000 bc or so - silver was worth twice as much as gold [see that shiny gold pebble, you pick it up; that black rock, ignore it. So more gold around than silver. People figure out that the black rock is tarnished silver, silver becomes more common than gold.] Over time, the silver/gold ratio keeps increasing; about 10 or 12 to one in ancient Rome. Anyway, as the story went, the Hunts were true Bible believers, and figured the Bible couldn&#039;t be wrong, so felt safe buying silver as long as the ratio was above 5 to 1. [I think it did get as low as 12 or 15 to one during the silver bubble.][/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