Silver usage apart from wealth preservation

Discussion in 'Silver' started by masmas, Nov 1, 2016.

  1. masmas

    masmas New Member

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    Hi People,

    After reading this infographics below regarding SIlver, why does Silver price is way below Gold ?

    is it due to the Silver quantity is more abudnant compares twith Gold ? :/

    [​IMG]

    Note: There is one more thing that is not mentioned in the above infographcis, Silver can be a good conductor, hence the high end audio cable uses silver
    Source:
    Home Hi-Fi: https://www.thecableco.com/Product/Siltech-Emperor-Double-Crown and http://nordost.com/odin-supreme-reference/odin/speaker-cable.php
    Head Phones: https://www.toxic-cables.co.uk/product/silver-poison-occ-cryo-stranded-silvergold-headphone-cable/
     
  2. Pirocco

    Pirocco Well-Known Member

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    Because of a historical evolution mostly caused by governments.
     
  3. sfstacker

    sfstacker New Member

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    Could its abundance in the Earth contribute to its value? According to the wiki the amount in the Earth in parts per million is as follows.

    For silver its .075 ppm
    For gold its .0027

    Gold also has more durability. This is important when thinking in terms of "what is money". Money is basically the storage of wealth. Gold will last longer than silver due to its durability. So if you store you wealth in the form of precocious metals it would make sense that the more durable one would be the more valuable storage material
     
  4. PeterS

    PeterS Member

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    Would that mean there is only 28 times more silver there than gold?
     

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