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The Silver:Gold Ratio, 1687-2011

- Nathan Lewis - New World Economics

Your statement that silver is superior to paper because the supply of silver is finite while the amount of paper is infinite would only hold water if (and only if) the value of our already existing paper money would take a beating because large new forests had been discovered....Oh, and by the way, Lewis was correct about silver being demonetized in 1873. You could look it up. Yes, there were coins that continued to contain silver until 1964, but that was owing to the cheapness of the metal. When it went up in value, they stopped using it. To go with the 1964 date, to be consistent, you would also have to claim that copper, zinc, steel, brass and nickel are, or were, all money.

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Beginning of the headline :We have something special this week: the open market value of silver, compared to gold, over a period of over three centuries. The location is London. For a long time, silver and gold were, in a sense, two versions of the same thing, just like one dollar bills and twenty dollar bills are today. Their ratio of value was not perfectly stable, like the 20:1 ratio of $1 bills and $20 bills, but it was quite stable between about 16:1 and 15:1. Both silver and gold ser... Read More

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