What is the historic value of silver and gold?
it’s a very broad question. In the bible, in the book of Judges, Chapter 17, verse 10, you could hire a priest (like a lawyer) all year, for food, shelter, one suit, and ten shekels of silver, which is about 2.5 ounces of silver. In 1430’s in Florence, Italy, a man could live very comfortably on 16 ounces of gold per year, and bank clerks earned 2-5 ounces per year, and a maidservant earned just over 1 ounce of gold, and a multi million dollar mansion would sell for just over 100 ounces of gold. (8.88 florins per ounce) http://www.gold-eagle.com/editorials_04/wang090104.html The 600 year silver chart is a popular chart, but it needs to be updated. http://goldinfo.net/silver600.html In the U.S. in the early 1900’s a day’s wage varied from about a silver dollar to a silver quarter, to a silver dime, depending on the work. Skilled miners in my hometown of Grass Valley, California, a historic gold mining district, earned $1/day.
