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<p>[QUOTE=&quot;fatima, post: 1248337, member: 22143&quot;]Understand this <u>only</u> happens when governments define silver as such.&nbsp; There is no automatic inheritance.&nbsp;&nbsp; Historically in Western civilization, this has been when silver was defined as some sort of ratio to gold.&nbsp; The USA included.&nbsp;&nbsp; The legal definition of silver has yet to happen in the modern world and unless it does, don&#039;t expect silver to do it again.&nbsp;&nbsp; Will governments be forced to some sort of standard that involves silver?&nbsp; I have no idea and nobody else does either.&nbsp;&nbsp; This will first require the present world&#039;s governments to admit their currency has failed as they seek to redefine it.</p><p><br /></p><p>In this country, the value of silver was first set by the USA government in by the Coinage Act of 1792 where silver was equal in value to 1/16 the same weight measure of gold.&nbsp; i.e.&nbsp; Ratio of 16:1.&nbsp;&nbsp; In 1834 the Congress lowered the ratio to 15:1.&nbsp; This is where silver got it&#039;s monetary value from, and it remained this way, more or less until the final silver certificate dollars were withdrawn in 1968. (Or rather the physical silver value was nullified.&nbsp; The notes themselves are numismatic items now.)&nbsp; After this point, and lacking any governmental definitions, silver has no relationship to the price of gold.[/QUOTE]</p><p><br /></p>

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