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coney
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The Silver:Gold Ratio, 1687-2011

- Nathan Lewis - New World Economics

"large new deposits of silver were found"? So what was found by ECB that enabled them to cough up an extra trillion euros for failing European economy?

Commented 3313 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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