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  • China, Shipping and the Great Commodity Carry Trade [View article]
    “In Ancient China the gold/silver price ratio was 2:1.”

    The Chinese monetary system fixed the price of silver to copper, not to gold. There was no fixed silver-gold exchange rate in China until 1930, and it only lasted until the end of WWII. The exchange rate was 5,590g silver to 90.28g gold, or about 62:1.
    Jun 06 11:38 am |Rating: +4 0 |Link to Comment
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