To back all the derivatives gold needs to be around $35k per ounce in current fiat dollars, and at a 1:15 ratio to silver that’s $2500 in current fiat purchasing power. Roman times and for 4000 years a skilled worker like say in construction might earn around 50-60 ounces a year, which again lines up with the same value
To back all the derivatives gold needs to be around $35k per ounce in current fiat dollars, and at a 1:15 ratio to silver that’s $2500 in current fiat purchasing power. Roman times and for 4000 years a skilled worker like say in construction might earn around 50-60 ounces a year, which again lines up with the same value