0
Well gold is very rare to find in many places. Gold is also very difficult to counterfeit.Gold is fungible & exchangeable because every bit of .999 fine gold is similar enough to be like another. Gold does not rust as it's imperishable. These properties make gold a good store of value, a medium of exchange, and a unit of account. Therefore, gold is easily trad able with a narrow spread, meaning it has a small price between the bid and ask the prices to buy and sell. Gold is therefore the ultimate liquid asset, a luxury, and is why gold is money. Silver is harder than gold but softer than copper.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Which metal is more valuable gold or silver?
Gold
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.
What is 18kt?
18KT is gold that has been alloyed with a high percentage of copper and silver. 18Kt gold with more copper blended with it looks more red, and 18KT blended with silver alone looks more green.
What are three good element conductors?
Silver the very best conductorCopper the industrial choiceIron
Sterliing silver is a combination of silver and copper what is also a combination of two or more metals aluminum lead gold or brass?
Brass, which is made from copper and lead.
Why is gold more valuable than copper or silver?
It si much rarer and harder to extract
Why isn't copper as valuable as gold?
Copper is much more common than gold.
Which metal is more valuable gold or silver?
Gold
What makes one type of gold more valuable than another?
Gold is more valuable than silver. durr.
What made silver more valuable than gold?
The Gold Rush of 1849
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.
What is a metal more valuable than gold and silver?
uranium
What is the difference between silver plate and silver on copper?
Both are silver plated, but silver on copper tells you what kind of metal is used as an underlay. Silver plated copper is more valuable than silver on a white metal or zinc underlay.
Which one of the following metals is more ductile copper or gold or silver or nickel?
Copper ......
What is 18kt?
18KT is gold that has been alloyed with a high percentage of copper and silver. 18Kt gold with more copper blended with it looks more red, and 18KT blended with silver alone looks more green.
Which is worth more 24k or 14k gold?
pure gold (24k) vs 41.7% (10k) gold.. you decide.
Why did Jews bring gold to ghettos?
Gold was then, as it is now; valuable. You could buy more with a gold coin than you could with a copper coin.
