by Bill Murray
- In 1900 there was 1 billion ounces of gold at $20.00 per ounce = $20 billion
- In 1900 there was 12 billion ounces of silver at .65 cents = $7.8 billion
- Ratio in market cap is 20 billion divided by 7.8 billion = 2.5 to 1
- The total amount of gold was worth two and a half times more than silver in 1900.
- In 2012 there is about 5 billion ounces of gold at $1700.00 per ounce = $8.5 trillion dollars
- In 2012 there is about 1 billion ounces of silver at $32.00 per ounce = $32 billion
- Ratio in market cap is 8.5 trillion divided by 32 billion = 265 to 1
The total amount of gold today is worth 265 times more than silver.
Silver would have to go up 100 times to have the same market cap to gold as the year 1900.
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