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Why was the silver to gold ratio so much lower in Ancient/Medieval times?
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<p>[QUOTE="medoraman, post: 6358523, member: 26302"]Gold to silver ratios historically were between 12 to 20 - 1. This is approximately the relative rarity in the earth's crust of the two metals.</p><p><br /></p><p>What was going on in the US post 1933 until 1974 is irrelevant since it was the US government artificially messing with the gold price.</p><p><br /></p><p>What has really happened is the rise of cultures who do NOT equally value gold and silver. I am talking here mainly about the far eastern nations. My wife is from one of them. They love gold, and use it for long term storage. Every small town has a gold shop in it. Silver, however, is nearly forgotten with almost no one desiring to own any silver at all. So, you now have extraordinary demand for gold, and a large part of the world population not caring about silver, so this is pulling the GSR apart.</p><p><br /></p><p>The GSR used to be useful, but it was assuming that the whole world desired both metals. With so much demand today for gold and only gold, the GSR is an ancient relic irrelevant today.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 6358523, member: 26302"]Gold to silver ratios historically were between 12 to 20 - 1. This is approximately the relative rarity in the earth's crust of the two metals. What was going on in the US post 1933 until 1974 is irrelevant since it was the US government artificially messing with the gold price. What has really happened is the rise of cultures who do NOT equally value gold and silver. I am talking here mainly about the far eastern nations. My wife is from one of them. They love gold, and use it for long term storage. Every small town has a gold shop in it. Silver, however, is nearly forgotten with almost no one desiring to own any silver at all. So, you now have extraordinary demand for gold, and a large part of the world population not caring about silver, so this is pulling the GSR apart. The GSR used to be useful, but it was assuming that the whole world desired both metals. With so much demand today for gold and only gold, the GSR is an ancient relic irrelevant today.[/QUOTE]
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Why was the silver to gold ratio so much lower in Ancient/Medieval times?
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