Is Gold Really More Precious Than Silver?

Gold has been championed as more precious than silver for years.

Surprisingly, current trends imply the opposite. For instance, precious metals are measured in "troy ounces". Gold is pure while silver is 1/1000 less pure per unit. What a minute difference! Silver is more widely used than gold in everyday products. Silver is in nearly every new electronic item, including washing machines and televisions.

The demand for silver has caused its value to double this year alone. Monetarily, this could be an advantage.

In past eras, every dollar was backed by gold. Unfortunately, this is no longer true. This devaluation of the American dollar worldwide has caused an economic downturn.

However, there is a ray of hope on the horizon. A prestigious financial group has applied to set up a silver fund on U.S. soil that would be backed up by the silver on hand. Should this occur, the value of the dollar would rise, as well as the demand for what was once termed "poor man's gold".

There is currently more gold already mined than silver. Hence, the demand for silver is greater than the supply. Is silver more precious than gold?

Back in the middle 1960s and 1970s, silver was no longer used in American coins. This is exciting news for coin collectors.

The change in our piggy banks could be worth more than once thought. There is even a site that gives the current silver value of old coins. This source has a silver calculator for your use, too. Who would have thought that change could be so valuable?

Nevertheless, some resist the obvious trend. Did you know that silver is in pictures, household items and certainly jewelry?