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In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, [11] which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. [12] The average gold/silver price ratio during the 20th century, however, was 47:1. [13]
But what's behind it? May 20 marked an all-time high price for gold, at a spot price of $2,435.96 per ounce. Gold futures were higher at $2,438.50. Spot silver also rose to $32.17, an over 11-year ...
Layton's comments come amid a gold and silver rally, with the price of gold up 2.4% in the last month to trade at $2,749.10, and that of silver up 6.5% to $34.01. Last week ... year, implying over ...
Silver prices since 2000 until April 2015. Price quotes given in USD per ounce. Date: 21 April 2015: Source: based on www.kitco.com; using price quotes for silver .
In July 1981, the House and Senate agreed to allow the sale of 75% of the stockpiled silver (105.1 million troy ounces) over a three-year period, [5] and in September the price of silver fell 11% in response. [13]
Nearly 220 years later, it commanded $10,016,875, more than double the sale price of what had been the world’s most valuable coin for nearly 15 years. Check Out: 10 of the Most Valuable Pennies
A silver coin is durable and long lasting (pure silver is relatively soft and subject to wear) . A silver coin is not subject to decay. A silver coin has intrinsic value, although the price of silver bullion coins is subject to market swings and general inflation. [6] Silver has always been a rare metal.
In the eight years since First Majestic purchased its first. Once the pending acquisition of Silvermex Resources closes, First Majestic Silver (NYS: AG) will become one of my largest equity ...