I know the question may sound stupid, but still...
2006-06-30 01:24:52 · 11 answers · asked by dolempap 2 in Business & Finance ➔ Other - Business & Finance
Gold is more valued than silver because during the 1600 to the 1700, there were silver mines that extracted thousands of pounds of silver. And in time, many explorers wanted silver from Japan, China, Europe and South America. Silver then was valued more because there was large amounts of it. Gold came after when conquistadors discovered them in S America. Then it was valued next to diamonds which were found in Africa.
2006-06-30 01:30:00 · answer #1 · answered by Anonymous · 3⤊ 0⤋
those historic commodities are well-known because they are uncommon and complicated to discover. they actually have application. Gold as an change of commerce will be got here across contained in the decision for made on it by utilizing the Pharoahs of historic Egypt as they sought it to accessorize the lifeless pharoah. those metals (gold and silver) are considered the nobel metals because they received't tarnish. Gold, moreso then silver. both metals are delicate and are particularly malable into earrings, their permanance and ask your self being their charm. because of all of those features, it really is a elementary step to cause them to a base for economic change. on the instantaneous, an once of gold at 800 has major application contained in the electronics marketplace providing a sprint floor that's absolutly freed from deterioation causing low performance. Diamonds are between the most well-known stones because of their rariety, project to retreive, and their application. no longer to teach their spectacular attractiveness as earrings yet different extra functional supplies are giving diamond a run for its business dollar. higher mining on the gem stones and a international huge interest contained in the politics surrounding their mining, processing, distrubution, and reticence of commerce for the applications of protecting the retail value artificially extreme are causing some to think again thier possibilities in investments.
2016-10-13 23:51:57 · answer #2 · answered by ? 4 · 0⤊ 0⤋
gold is more rare, the extraction from other minerals is more difficult, and expensive. gold has been treasured for a much longer time as it never tanishes and is the best known natural conductor. at one time in history Aluminum was actually more valuable because it is almost impossible to find pure, in a natural state. With modern technology we can extract aluminum easily and now we know it is abundant.
2006-06-30 01:35:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The amount of gold retreived from say a ton of ore is lesser than the amount of silver ore yields silver.
Thats why its costly... Same logic goes for Platinum which is costlier than gold
.:Fishie:.
2006-06-30 01:29:25 · answer #4 · answered by Fishie 5 · 0⤊ 0⤋
Gold is rarer, but also because historically we've always prized gold more, clear back to the Egyptians. Also, I think we humans just like bright, shiny things.
2006-06-30 01:30:56 · answer #5 · answered by cross-stitch kelly 7 · 0⤊ 1⤋
its not a stupid question but the problem is that people dont buy the good beatyfull minerals,they only buy what is more expensive. i really think that gold is getting old and it sucks.
2006-06-30 01:30:38 · answer #6 · answered by The Prince of Laos 3 · 1⤊ 1⤋
Because it is a more-precious and rarer metal ore than silver.
2006-06-30 01:28:18 · answer #7 · answered by J.D. 6 · 0⤊ 0⤋
Because gold is harder to find than silver ! And also gold is a precious material and silver is a chemical combination !
2006-06-30 01:28:59 · answer #8 · answered by elivanpoeyer 1 · 0⤊ 4⤋
it's all about the rarity of each. silver is not that rare. gold is.
2006-06-30 01:28:47 · answer #9 · answered by Anonymous · 0⤊ 0⤋
read about Mr. N.B. Hunt...and what he did to the "silver" market
http://www.answers.com/Hunt%20brothers
2006-06-30 01:29:39 · answer #10 · answered by Jessi 7 · 0⤊ 0⤋