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Was Gold undervalued or was Silver overvalued in Ancient times?
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<p>[QUOTE="yakpoo, post: 7650257, member: 18157"]"The Roman Empire officially set the ratio at 12:1. The ratio reached 14.2:1 in Venice in 1305 and remained at this level up until 1330 when it fell to 10:1. In 1350 it fell to 9.4:1 in some places across Europe. It climbed back to 12:1 in the 1450s.</p><p><br /></p><p>The U.S. government fixed the ratio at 15:1 with the <a href="https://www.investopedia.com/terms/c/the-coinage-act-of-1972.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.investopedia.com/terms/c/the-coinage-act-of-1972.asp" rel="nofollow">Coinage Act of 1792</a>."</p><p><br /></p><p><a href="https://www.investopedia.com/articles/investing/080316/historical-guide-goldsilver-ratio.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.investopedia.com/articles/investing/080316/historical-guide-goldsilver-ratio.asp" rel="nofollow">https://www.investopedia.com/articles/investing/080316/historical-guide-goldsilver-ratio.asp</a>[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 7650257, member: 18157"]"The Roman Empire officially set the ratio at 12:1. The ratio reached 14.2:1 in Venice in 1305 and remained at this level up until 1330 when it fell to 10:1. In 1350 it fell to 9.4:1 in some places across Europe. It climbed back to 12:1 in the 1450s. The U.S. government fixed the ratio at 15:1 with the [URL='https://www.investopedia.com/terms/c/the-coinage-act-of-1972.asp']Coinage Act of 1792[/URL]." [URL]https://www.investopedia.com/articles/investing/080316/historical-guide-goldsilver-ratio.asp[/URL][/QUOTE]
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