I am shocked this website hasn’t exploded yet!
Note the dollar:silver and dollar:gold in both 1913 and today. It is located on the far right side of chart. WHAT?! 🙂
Note the dollar:silver and dollar:gold in both 1913 and today. It is located on the far right side of chart. WHAT?! 🙂
shows how much usd lost value. Only gon a get steeper.
$13,000 an ounce sounds about right.
Notice also the Gold:Silver ratio in today’s dollar is 8.3. Much closer to the, “found in nature”, natural ratio that CEO’s like Keith Neumeyer swear is 9:1 at his operations. From the 12th to the 17th century, the gold/silver ratio held reasonably constant at about 12:1. Isaac Newton monetized silver and set the ratio at 15.5 early in the 18th century and this held until 1873. In terms of relative abundance in the earth’s crust, silver exceeds gold by a ratio of about 18.75.