Historically, that the ratio plays an important role in ensuring that the coins have their proper cost, and today it remains important technical metric for investors for investors in the field metals.
The earliest registered example of the ratio of gold and silver dates from 3200 BC, when Menes, the first king of Ancient Egypt, established a ratio of 2.5: 1. Since then, the ratio, as a rule, grew in the price of gold as the empire and government became more familiar with the shortage and difficulties of the production of both metals.
Ancient Rome was one of the first civilizations that established the ratio of gold and silver, starting from 8: 1 in 210 BC. For many years, various tributaries of gold and silver from the conquests of Rome have led to the fact that the ratio ranged between 8 and 12 ounces of silver for each ounce of gold.
by 46 BC, Julius Caesar established the standard ratio of gold to silver 11.5: 1, shortly before it was raised to 11.75: 1 under the emperor August.
In more modern times, the ratio reached a peak in 1939 at 98: 1 after the United States. President Franklin D. Roosevelt changed the price of gold from $ 20.67 for a tire ration to $ 35.
in 2020, the coefficient reached a regional maximum of 125.1 during pandemia Covid-19, since investors were looking for gold as a safe shelter.
There are no comments yet.