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<p>[QUOTE="medoraman, post: 1951361, member: 26302"]Correct, I agree. Go back further in time and you will see more variability than you see from the 17th-19th centuries. Such a stable, "fixed" ratio is an artificial abberation. Too many people only go back in time a few hundred years so they think this is "normal", when in fact it is not. </p><p><br /></p><p>To me, what is happening is you have wealth being generated in new cultures. These cultures have a high historical value of gold, but not as much for silver, so the free market is reflecting the much higher demand for gold versus silver. The world is not just European economies anymore, as was the case for most of the 17th-19th centuries. My Asian wife wants gold, gold, and more gold. She does not care a wit about owning a single gram of silver. Her and the billions of others like her, is why this ratio between gold and silver is pretty much meaningless today.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1951361, member: 26302"]Correct, I agree. Go back further in time and you will see more variability than you see from the 17th-19th centuries. Such a stable, "fixed" ratio is an artificial abberation. Too many people only go back in time a few hundred years so they think this is "normal", when in fact it is not. To me, what is happening is you have wealth being generated in new cultures. These cultures have a high historical value of gold, but not as much for silver, so the free market is reflecting the much higher demand for gold versus silver. The world is not just European economies anymore, as was the case for most of the 17th-19th centuries. My Asian wife wants gold, gold, and more gold. She does not care a wit about owning a single gram of silver. Her and the billions of others like her, is why this ratio between gold and silver is pretty much meaningless today.[/QUOTE]
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