Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Was Gold undervalued or was Silver overvalued in Ancient times?
>
Reply to Thread
Message:
<p>[QUOTE="Gam3rBlake, post: 7650241, member: 115909"]Back in Ancient Rome around the time of Julius Caesar (before coins began being debased later in the Empire) a nearly pure gold aureus of 8 grams was worth 25 denarii of ~4 grams each.</p><p><br /></p><p>In other words the Romans valued 8 grams of gold as equal in value to 100 grams of silver.</p><p><br /></p><p>That’s about a 12.5 to 1 ratio of silver to gold.</p><p><br /></p><p>As recently as 1932 20x 0.77 oz silver dollars were worth an almost 1 oz gold Double Eagle. 20x Morgan Dollars & 1x Double Eagle were both $20 in value.</p><p><br /></p><p>A ratio of about 15 to 1. Pretty close to Ancient times.</p><p><br /></p><p>Today if you tried to trade 15 oz of silver for 1 oz of gold a dealer would think you’re bonkers as the ratio is now closer to 65 to 1.</p><p><br /></p><p>Do you think gold was undervalued or was silver overvalued in Ancient times?</p><p><br /></p><p>Or do you think both were valued correctly and today they are valued incorrectly?</p><p><br /></p><p>[ATTACH=full]1315390[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 7650241, member: 115909"]Back in Ancient Rome around the time of Julius Caesar (before coins began being debased later in the Empire) a nearly pure gold aureus of 8 grams was worth 25 denarii of ~4 grams each. In other words the Romans valued 8 grams of gold as equal in value to 100 grams of silver. That’s about a 12.5 to 1 ratio of silver to gold. As recently as 1932 20x 0.77 oz silver dollars were worth an almost 1 oz gold Double Eagle. 20x Morgan Dollars & 1x Double Eagle were both $20 in value. A ratio of about 15 to 1. Pretty close to Ancient times. Today if you tried to trade 15 oz of silver for 1 oz of gold a dealer would think you’re bonkers as the ratio is now closer to 65 to 1. Do you think gold was undervalued or was silver overvalued in Ancient times? Or do you think both were valued correctly and today they are valued incorrectly? [ATTACH=full]1315390[/ATTACH][/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Was Gold undervalued or was Silver overvalued in Ancient times?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...