Quote Originally Posted by Mega View Post
What should it be?
Excerpted from Investopedia:
Historically, the gold-silver ratio has only evidenced substantial fluctuation since just before the beginning of the 20th century. For hundreds of years prior to that time, the ratio, often set by governments for purposes of monetary stability, was fairly steady, ranging between 12:1 and 15:1. The Roman Empire officially set the ratio at 12:1, and the U.S. government fixed the ratio at 15:1 with the Mint Act of 1792.

The discovery of massive amounts of silver in the Americas, combined with a number of successive government attempts to manipulate gold or silver prices, led to substantially greater volatility in the ratio throughout the 20th century. When President Roosevelt set the price of gold at $35 an ounce in 1934, the ratio began to climb to new, higher levels, peaking at 98:1 in 1939. Following the end of World War II, and the Breton Woods Agreement of 1944, which pegged foreign exchange rates to the price of gold, the ratio steadily declined, nearing the historical 15:1 level in the 1960s and again in the late 1970s after the abandonment of the gold standard. From there, the ratio rose rapidly through the 1980s, peaking at the 100:1 level in 1991 when silver prices declined to a low of less than $4 an ounce.

For the whole of the 20th century, the average gold-silver ratio was 47:1. In the 21st century, the ratio has ranged mainly between the levels of 50:1 and 70:1. The lowest level for the ratio was 32:1 in 2011.
At the 32:1 they mention, silver peaked at $48.70. That was when EJ made his "time to sell silver" call. I've noticed that the ratio tends to expand during periods of deflation and shrink during periods of inflation.