1:1 is not impossible, there is more gold above earth than silver already so in terms of rarity silver is much more rare than people think because it is being used up so quickly
I see silver to be more valuable than gold, so 1 to .5 where one ounce of gold would buy a half ounce of silver. I am basing my opinion on practical utility.
1:30 would be a good ratio. If it was 1:1 and you was buying would you get the gold or silver equivalent? at 30 silver is still affordable to buy, easy to sell and reached a very nice value for long term stackers. Gold £1500 and silver £50.
If silver went too high my days of being a stacker are over which would be sad so not ideal.
In the US, prior to 1900's, and prior to the "founding" of the Federal Reserve, the gold/silver ratio remained fixed at 16:1.
Another reason is that the U.S. Geological Survey estimates that there’s approximately 17.5 times more silver in the Earth’s crust than gold.
I wouldn't mind a 16:1 ratio one bit.
1:1 is not impossible, there is more gold above earth than silver already so in terms of rarity silver is much more rare than people think because it is being used up so quickly
I see silver to be more valuable than gold, so 1 to .5 where one ounce of gold would buy a half ounce of silver. I am basing my opinion on practical utility.
1:30 would be a good ratio. If it was 1:1 and you was buying would you get the gold or silver equivalent? at 30 silver is still affordable to buy, easy to sell and reached a very nice value for long term stackers. Gold £1500 and silver £50.
If silver went too high my days of being a stacker are over which would be sad so not ideal.
Gold $9000 and silver $1000 so 9-1 thats what it should be aroun. but for buying silver the curent ratio of around 75-1 is great value.
10 to 1
10:1 we need silver for small change