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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%Nov 21 4:00 PM EST
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To: TobagoJack who wrote (15432)3/16/2007 6:04:07 PM
From: 8bits  Read Replies (2) of 217942
 
Ooops correction, I made a big error assuming silver was selling for $1 an ounce for much of the time the Gold price was fixed to the US dollar. Silver sold for less than $1 an ounce from 1920 to 1960 (From a low of $ 0.254 an ounce in 1932 to a high of 0.914 an ounce in 1960). So the ratios should be a bit greater. I did find this info on for yearly averages of gold and silver during the 1970s run up:

Silv - Gld - Year - G/S Ratio

16.39 - 612 - 1980 - 37.33

21.79 - 306 - 1979 - 14.04

5.93 - 193 - 1978 - 32.54

4.706 - 147 - 1977 - 31.23

4.347 - 124 - 1976 - 28.52

4.085 - 161 - 1975 - 39.41

4.391 - 159 - 1974 - 36.21

3.137 - 97 - 1973 - 30.92

1.976 - 58 - 1972 - 29.35

It would seem, that even during a strong bull market for precious metals that the gold/silver ratio does drop much below 30 and frequently resides above it. The 1979 ratio of 14 was based upon the full court press by the Hunt brothers trying to corner the silver market.
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