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The traditional value of buggy whips was stable until there was no longer any demand for them.
The value of gold in Spain in the 16th century went down the shitter and there was hyperinflation of gold-based currency, because of the flood of gold looted from the Americas.
Traditional ratios are meaningless rules of thumb with no basis in fact.
There is no such thing as intrinsic value.
I disagree and think those ratios do exist, and when they are off it shows a problem brewing in the economy. It is way the fuck off now, and shit is about to crash in case you didn’t realize that.
But regardless, gold sucks, silver better, as gold is overvalued now.
It was silver that was flooded from the Americas.