Pm 101 Question (Just Curious) - Coin Community Forum

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Author	Replies: 5 / Views: 1,180
ssenator New Member United States 26 Posts	Posted 11/30/2017 09:01 am This may have been covered before but I haven't come across it. Why is gold so much more expensive than silver? Does it involve a greater scarcity in the case of gold (where silver ore is much more common in nature than gold) or is gold more difficult to extract and process than gold is this traditional or a matter of consumer preference (i.e., gold looks better as an ornament than silver so the demand is greater?) * Moved by Staff to a more appropriate forum. * Report this Post to the Staff

lmwstamps Valued Member United States 65 Posts	Posted 11/30/2017 10:28 am There are many factors involved, scarcity, sourcing, perception, etc. The estimated ratio of gold to silver in the earths crust is somewhere between 1 Oz gold for every 8 to 10 Oz silver. Sourcing is probably another large factor. Only about 1/3 of silver is mined from primary silver mines. The rest is mined as a result of mining other products such as copper or gold. This allows those companies to use sales of silver to defray the costs of their primary product. Historically, gold has been more highly regarded as a precious metal than silver and this contributes to price differentiation. At the end of the day, there are many factors that go into the valuation of gold and silver and quite a bit of ink has been spilled discussing it. Browse around the web and you'll find many articles addressing this. Report this Post to the Staff
jbuck Moderator United States 188342 Posts	Posted 11/30/2017 10:52 am I moved this into the PM forum to see if we can get more discussion on the question. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
ssenator New Member United States 26 Posts	Posted 11/30/2017 10:58 am Thank you. IMWSTAMPS answered my question nicely. Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 11/30/2017 11:21 am he did a very nice explanation. Report this Post to the Staff
jbuck Moderator United States 188342 Posts	Posted 11/30/2017 11:41 am If anything, it is good to see others saying it was a good post. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
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