Presentation on theme: "By Morgan Seaburg Silver vs. gold and why silver is better in my view."— Presentation transcript:
By Morgan Seaburg Silver vs. gold and why silver is better in my view
Prelude The history of silver and gold is very complicated. There are many things that interfere with the prices of gold and silver, some of which are confusing as to why the prices are the way they are, with gold being at a much higher price than silver Firstly, the silver to gold ratio is messed up, according to, goldsilver.com. It says that the ratio should be 16 to 1, meaning that gold is $1600.00 per ounce and silver is $100.00 per ounce, but it is increased to a ratio of 54 to 1, meaning that gold is $1640.00 per ounce and silver is $30.00 per ounce. Next, silver has a lot more industrial use than gold. According to, www.geology.com some of silvers industrial uses are, mirrors, batteries, electronics (Silver is the best conductor), jewelry, photography, medicine, glass, engines, anti-bacterial for food, hygiene, water purification, and dental work.
Furthermore, there is a lot more gold than silver in the world. About five times the amount, according to, www.dnaindia.com. Since there is so much more gold than silver, and silver is more rare, shouldnt silver be worth more than gold? In the end, I think that silver should be a lot more valuable than gold. However, if the history didnt interfere with the prices, then I think silver would have a lot more potential than gold to trend upwards in price.
Elements Book, Silver The bottom picture shows that gold isnt the best at anything, but silver is the best at two things
Elements Book, Gold It explains how gold can be used.
Trading Desk You can trade silver and gold, and at the end of the day it tells you what price silver and gold are trading at.
Silver certificate Until 1965 you would get $1 in silver if you went to the bank and traded it in for silver.
Buying Silver Silver is much cheaper to buy than gold, so you wont have to pay as much to get it
Gorham Silver Goblet This goblet shows one of the many industrial uses of silver