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Gypsy
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The Silver:Gold Ratio, 1687-2011

- Nathan Lewis - New World Economics

Very funny Cadaver. You believe: ~ 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. ~ The truth of the matter is: the value of PAPER went down so low that it made SILVER "appear" to become VERY valuable. In reality, relevant to everything else such as a bushel of wheat or a gallon of gasoline, the value of SILVER remained the same. Only against PAPER did silver value change.

Currently, the value of paper is also dropping and dropping and dropping against even the lowly COPPER penny; so yes, all the lower metals are also a better standard of MONEY than paper. As for the fantasy of silver being UNIVERSALLY demonetized in 1873; I could easily shred that Tale of Terror - or - we could go with the OBVIOUS and look at all that Silver Money that was minted after 1873 ! ! Hellooooooooooooo . . .

Commented 4054 days ago

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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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