Ratio of Silver : Gold : Nickel : Copper, what is realistic?
Posted: Sat Oct 30, 2021 9:48 amI have tried to explain the ratios of the money metals. The hardest part finding good evidence to support the prices. The second obstacle is prices are always fluctuating. In the end a table showing the range appears to be the best answer.
Ratio Low Prevailing High
Silver: Gold 5:1 12:1 100:1
Silver: Nickel 1:5 1:15 1:50
Silver: Copper 1:40 1:69 1:80
Platinum: Gold 1:2 1:1 2:1
I am inviting your critic. Currently it reaches the level of being, “adequate.”
Building this table I take the long view of history.
For example it shows the prevailing ratio of silver to gold at 12:1:
• From prehistory in the Far East until about 700 A.D. the ratio was set by religion at 6:1.
• The Western ratio set by Rome, again religion, valid from about 3rd century B.C. until roughly the 13th century A.D. was 12:1.
• Once the European Western Powers dominate the world after the 16th century, the ratio moves to 15:1 and then climbs to the current near 100:1.
• There are some obscure accounts from prehistory, which I ignored, which put the silver to gold ratio at 1:1. There is one commentator of price futures that argues for 1:1 showing silver is used up by industry and gold is recycled that available realities may mean quantities of silver is equal to gold.
• The civilizations of the Americas never really utilized silver until conquered by Europeans.
Ratio Low Prevailing High
Silver: Gold 5:1 12:1 100:1
Silver: Nickel 1:5 1:15 1:50
Silver: Copper 1:40 1:69 1:80
Platinum: Gold 1:2 1:1 2:1
I am inviting your critic. Currently it reaches the level of being, “adequate.”
Building this table I take the long view of history.
For example it shows the prevailing ratio of silver to gold at 12:1:
• From prehistory in the Far East until about 700 A.D. the ratio was set by religion at 6:1.
• The Western ratio set by Rome, again religion, valid from about 3rd century B.C. until roughly the 13th century A.D. was 12:1.
• Once the European Western Powers dominate the world after the 16th century, the ratio moves to 15:1 and then climbs to the current near 100:1.
• There are some obscure accounts from prehistory, which I ignored, which put the silver to gold ratio at 1:1. There is one commentator of price futures that argues for 1:1 showing silver is used up by industry and gold is recycled that available realities may mean quantities of silver is equal to gold.
• The civilizations of the Americas never really utilized silver until conquered by Europeans.