The Value of Silver

Usually people want gold over silver because it is more brilliant, doesn't tarnish, and is used in computers. It can also be melted down into beautiful jewelry and still keeps its value. On the other hand, silver doesn't keep its brilliance for as long as gold, and it tarnishes within months. Although it can also be used in computers, melted down silver for jewelry does not hold its value. This is because you need so much more silver than gold at the same weight.

At today's prices, you need to have 16 times more ounces of silver to equal 1 ounce of gold. This is probably why you don't see silver stolen from banks as often as gold. The weight of silver would be so much that you could not carry enough to equal gold in value.

To invest in gold it takes a very large amount of cash to be in the precious metal's market. On the other hand, if you want to invest in precious metals like silver, you have to buy more per ounce than gold. Silver is still a precious metal, but it costs less than gold and still carries value. Gold has always been worth more than silver, but silver and gold are both precious metals.

Today, people want to own something of value. Even though gold outshines silver in the market of precious metals, silver will always raise with gold. This is because, like gold, it has never been worth zero, unlike the dollar today.