It claims a RATIO. Hover over the bubble for an explanation and their source data.
It's a ratio of production rates- how many dollars are printed vs how much silver is being produced... a measure to show how far from a gold/silver standard we're at with fiat currency.
08-09-2016, 19:44
Fentonite
Quote:
Originally Posted by 68Charger
It's a ratio of production rates- how many dollars are printed vs how much silver is being produced... a measure to show how far from a gold/silver standard we're at with fiat currency.
It's a ratio of production rates- how many dollars are printed vs how much silver is being produced... a measure to show how far from a gold/silver standard we're at with fiat currency.
At one time, the English pound sterling represented exactly that - one pound of 92.5 percent sterling silver. Been a long time since then.
08-11-2016, 06:19
Bailey Guns
Somebody needs to clean the inside of those windows. Damn.