U.S. Navy Veteran. Investigative Researcher. Into The Fitness and Health Lifestyle. Lives in The North-East of The U.S.A.
Here are a few milestones that remind us of the long-term history of the gold/silver ratio according to various monetary scholars:
A ratio of 2.5 to 1 in Egypt under Menes (c. 3100 BC).
A ratio of 6 to 1 in Mesopotamia under Hammurabi (c. 1750 BC).
A ratio of 12.5 to 1 in Greece under Alexander the Great (c. 330 BC).
A ratio of 12.5 to 1 in Rome under Augustus (c. 27 BC).
A ratio of 15 to 1 in most of Europe throughout the Middle Ages.
In 1792, Congress under President George Washington fixed the U.S. gold/silver ratio at 15 to 1.
The geophysical availability of these two elements in the earth's crust puts the natural gold/silver ratio at 17.5 to 1 (silver at 0.07 ppm, gold at 0.004 ppm).
GSR above 85 now.
To match GSR of 15, price of XAG would have to rise to 124 USD+
linux> units -t "XAU / XAG"
85.601373
linux> units -t XAG USD
21.85
linux> units -t "85.6 / 15"
5.7066667
linux> units -t "(85.6 / 15) * 21.85"
124.69067
linux> units -t XAU USD
1870.39
linux> qalc "1870 / 125"
1870 / 125 = 374/25 = 14 + 24/25 = 14.96
