0
No, gold is more expensive than silver as it is more rare
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Why does gold cost more per ounce than silver?
Gold costs more because it is much more rare and hard to find. Gold costs about 50 times more than silver
What effect did the Gold Rush of 1849 have on the value of silver?
It made silver worth more than gold
Why is gold coin and silver coin more expensive than gold bullion?
Because they mostly have a collectible value.
Is silver or gold better?
gold. its worth more money silver, It's much cheaper than gold (estimated $35.00 vs. $1,700.00) also Silver value jumped faster than gold too (estimated 400% vs. 300% increase in value in 10 years)
Why is silver mining costs 5.25 dollar per ounce and the market price 27 dollars?
Because the mining cost is not $5 an ounce. Silver is not profitable to mine by itself. It comes up as a secondary product of existing mines for other metals. To mine for silver alone would cost around $50-$100 an ounce. It is only ten times more plentiful than gold. Does it really make sense to you that gold would cost $500-$900 an ounce to mine and silver only $5? The reason we are running out is because all we get is table scraps from mines for other things.
Is it true that so much silver has been consumed that there is more gold than silver?
Absolutely not! Silver is MUCH more plentiful than gold. If There were more gold than silver, silver would COST more than GOLD!
Why does gold cost more than silver?
Yes, it is more rare and desirable than silver, so more expensive
Why does gold cost more per ounce than silver?
Gold costs more because it is much more rare and hard to find. Gold costs about 50 times more than silver
Would a silver bar cost less than a gold bar in this economy?
Yes, the price of silver is lower than the price of gold, therefore the value of a silver bar would cost less than a gold bar. The way the economy is right now has nothing to do with it, the price of gold has always been more than silver.
Which 2 metals cost more than iron?
steel and silver. another is gold.
Is silver is more ductile or gold?
silver is more ductile than gold
Is a gold necklace better than silver?
Gold is timeless, but it can be tacky if you are not familiar with the person. Silver is always a bit more refined in terms of apprearance. In terms of value a true gold necklace will cost you much more.
Do spanish coins cost more than french coins?
Some coins cost more because they are rarer, or made of gold or silver, not because of where they are from.
Why are some of the coins gold and some silver?
gold is worth more than silver, so the more gold the more its worth.
What weighs more gold or silver?
The density of gold is 19.3 g/cm^3 while the density of silver is 10.5 g/cm^3. Therefore gold is more dense than silver, so gold weighs more than an equal volume of silver.
Why is silver better than gold?
1. Gold is more expensive. Edit: Silver is considered a better investment opportunity than Gold. One of the reasons is because there are far more industrial uses for Silver than there are for Gold. That means that silver is quickly diminishing in abundance while gold is actually Increasing in abundance. (Presently, there is about 5 to 7 times more gold than silver stored above ground.)
Why is gold more valuable than silver?
because it is more rare and silver is more heavy there for less portable | | Have to partially disagree with the above statement. Gold is more rare than silver while it is still in the ground. There is actually more processed gold in the world than silver. Silver is not heavier than gold. It is heavier in 'value' than gold and therefor not as portable. So why is gold more valuable than silver? Short answer - because people made it more valuable. Apparently, they like gold better. | | Gold also has more valuable industrial uses then silver for example: gold is more resistant to corrosion. Gold is also a good conductor of electricity, particularly because it resists corrosion i.e. silver actually conducts better then silver until it begins to corrode (charging metal tends to speed up corrosion). So it's not just that we 'like' gold more, there are practical reasons why gold is more valuable.
