Monday, March 8, 2021

Tag: Ancient Egypt: Silver to Gold Ratio of 1:1

Ancient Egypt: Silver to Gold Ratio of 1:1

by Peter Schiff, Schiff Gold:

Many of SchiffGold clients hold silver patiently waiting for a drop in the silver to gold ratio. I am very much one of these patient holders of silver.

For those who aren’t familiar, the silver to gold ratio is exactly as it sounds: the price of gold stated in ounces of silver.

Today the silver to gold ratio is trading at about 87:1. In simple terms, this means it takes 87 ounces of silver to buy one ounce of gold.