The Historical Relationship and What it Means to Today’s Investors

Gold Silver Ratio: The Historical Relationship and What it Means to Today’s Investors. For most of the nineteenth century, it was decreed — by fiat — that 15.5 ounces of silver were equal to one ounce of gold. According to Former Congressman Ron Paul and other like-minded monetary theorists, this artificial pegging of gold to silver is what created the depressions and panics of the bi-metallic era.