Silver Gold Ratio

Silver can be cross compared to the price of gold this creates the Silver-Gold Ratio. It is one of the oldest tracable price indexes. The known cost of silver and gold goes back to the year 1377 A.D.

Dates of interest that effect the World and Silver/Gold Prices ... 1300s Silver mines in Europe diminish, this means production fell and demand rose ... so price of silver increased. As you can see in 1477 the price of silver was $1600 / oz ... then in 1492 Columbus was sent to find more silver.

From 1545-1900 silver production in the New World caused gold to move to 50x-100x more value than silver. It is also notable that aluminium was also worth more than gold until modern mining methods allowed for massive aluminum production.

source :: Austin Gold Dealers (goldinfo.net)

Current Rates / Charts :: gold-eagle.com