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10 Gold / Silver ratios

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The ratio gold and silver it is the number of Kilogrammes of silver which one can buy with one kilogramme of gold.
This ratio has varied greatly through history :

- 90 Was the ratio of silver to gold when the price of an ounce of silver was at a low in 1991. With one kilogram of gold one could buy 90 kilograms of silver.

- 51Was the average ratio of the price of gold to silver in 2007.

- 17 Was the gold / silver ratio at the time of the record gold and silver prices in 1980.

- 15 Was the official ratio of gold to silver during the great period of Bi metallism, 15 ½ for France (1803), 15.68 for the USA (1800), 14,29 for England (1806).

- 12 Was the gold/silver ratio in Antiquity in Rome.

- 12.5 Was the ratio in Greece at the time of the death of  Alexander the Great in 323 BC.

The ratio of production and reserves of gold and silver :

- 13 Is the ratio of world production from 1493 to 1931. For this 400 year period 13 times more silver than gold was produced.

- 8 Was the ratio of silver to gold production  in the world in 2006. What is being said is that eight times more silver than gold was produced in 2006.

- 7.64 It the ratio of all production of gold and silver during one century (1900-2003).
In the 103 year period, there was 7.64 times more silver than gold produced in the world.

- 6.4 Was the ratio of the ground reserves of silver to gold in 2000.

 

- It is astonishing to see that we produce 8 times more silver than gold, that the reserves are 6 times larger, but that the price of the silver is 50 times lower.

- Over the period of the history one kilo of gold was exchanged between 10 and 90 kilograms of silver, today it is exchanged at 51.

- During the raw materials bear market, silver suffered much more than gold. Silver has already caught up with part of the lag in its price, but there still is a way to go.

Dr Thomas Chaize

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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