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Why was the silver to gold ratio so much lower in Ancient/Medieval times?
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<p>[QUOTE="Gam3rBlake, post: 6353622, member: 115909"]Well I mean how “volatile” can it be if it maintained a ratio of roughly 16:1 over thousands of years?</p><p><br /></p><p>But silver was also more widely used in the economy in those days too.</p><p><br /></p><p>Most often people used silver coinage and most people rarely even saw gold coinage let alone had it.</p><p><br /></p><p>Or are you talking about industrial use of silver like in computers & solar panels?[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 6353622, member: 115909"]Well I mean how “volatile” can it be if it maintained a ratio of roughly 16:1 over thousands of years? But silver was also more widely used in the economy in those days too. Most often people used silver coinage and most people rarely even saw gold coinage let alone had it. Or are you talking about industrial use of silver like in computers & solar panels?[/QUOTE]
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Why was the silver to gold ratio so much lower in Ancient/Medieval times?
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