The value of silver is in the real world 1/10 of the price of gold. The value of an ounce of Gold has for a few hundred years been eQual to the price of a nice taylored suit. So price a nice taylored suit and that is the real value of on once of gold and one ounce of silver is one tenth 1/10 of that in value. This is just a global standard that works even in the bush. Silver is 1 tenth of gold. I hope this helps.
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These are the numbers traditionally used but I don't think they apply anymore. Silver is more abundant than gold, but silver is heavily used in electronics today and the way it's used makes it expensive to reclaim. I think the larger demand today is reason enough to increase the value of silver in these traditional formulas. I can't wait to learn what both are really worth when all of their manipulations are removed.