True, but it was also significantly after I bought my last horse and buggy, and long after my stint as a deckhand on a four masted bark (your estimate of when that ratio was last seen).
Beelzebubba wrote:
True, but that anomalous time is hardly something to hang your hat on.
In 1930, the ratio (then set by law) was $20/ounce gold, $1.38/ounce silver, for a ratio of about 14.5:1. In 1964, the end of the "silver coin" era, it was a ratio of 25:1 ($35/ounce gold, still $1.38/ounce silver).
You're the one who was saying that 1964 was the era of horses and buggies and/or sailing ships. My point was that even since we've been off the gold standard, the ratio has been significantly lower than the 50:1 we see this past month. And more often, when the ratio is tighter, it's when prices are high.
My charts above would seem to disagree.