Well, the debate of Silver Vs Gold is a very old one. There are many people who think that gold is much better because it is more precious and it has more value comparatively to silver, which is true. However, on the other hand, there are several people who think that silver could be more valuable because it is more volatile and its market value is much lower than its actual worth! So, what do you think? Could silver be more valuable and better than gold?
Why Silver Could Be Better Than Gold? What Are Some Of The Reasons?
- Thread starter Passiveearner
- Start date
For me I have known from a very long time that Gold is more valuable than silver. That's why even in the Olympics games the team that performs better than the others are gifted Gold medal and silver follows the second and so on.
I personally prefer gold which is more popular and valuable. I bought physical gold coins from time to time. The price of gold has gone up recently due to the Ukrainian war and the banking crisis in the US.
We have to compare gold and silver, gold is more liquid than silver, on the exchange the price of silver is more volatile so it is widely used by traders to make profits. Although both will be equally profitable as a long term investment. The determinants of volatility in gold are monetary, interest rates, inflation etc., while the determinants of silver volatility are industrial demand so that in the global market the demand for silver is higher than gold.
- Thread starter
- #8
Well, many people say that gold has no real purpose. One of the main things that make gold so valuable is the fact that gold is incredibly scarce. When something becomes really scarce, its value skyrockets in a short period of time and this makes sense.
Investments are greatly influenced by the views of the public. In that case, even if it is undervalued, silver would not be better than gold, simply because the public holds the view that gold has more value than silver.
For silver to attain the same high level, the public must view it as such.
For silver to attain the same high level, the public must view it as such.
But most people do say gold is better than silver, that's why it's more expensive and stable. I myself also prefer gold over silver, because in appearance gold is more attractive.
That's right, here gold is more desirable than silver. Even if it is used as jewelry, gold jewelry is much more in demand in the market. The reason is because the price of gold tends to be stable and high.
I also like silver but my usual jewelry is gold and one time my necklace gold 18 K was snatched and I felt devasted. That was the time when I was so careless. That was a lesson for me and after that I refer to wear fake fancy.
I don't like to experience loss. Therefore if I have gold I tend to save it, and I can wear imitation jewelery (not real gold) which is no less attractive. So when it's gone I don't feel hurt. LOL
One time, despite my long necklace was fake, but it was still snatched. I was mad at the guy in front of me. He was a snatcher. It was a very gorgeous fancy necklace. Then I saw him tossing the necklace to know if fake or pure.
If I even feel sorry for the pickpocket who gets a fake necklace, he is indirectly deceived. LOL Let it be, instead of missing the original gold necklace, it's even more painful because we lost a lot of money from it.
Though what he stole was fake, but I really liked it. I bought it at 500 pesos ( $10). I missed that thing. I have just purchased it only to get snatched. We shod not trust our environment.
Then you only need to use a necklace made of beautiful beads. It's still pretty good but doesn't look like gold, so I don't think a pickpocket would be interested in stealing it.
No, won't like neclace with beads. It is not my type of jewelry. I will be like a princess
. I like a simple one yet very gorgeous and fanciful to the eyes of the people.