Why gold’s value is higher despite the higher demand for Silver
It is often highly debated which of these two precious metals are better than the other. Some state that silver is a much better investment because it is much more in demand nowadays, and there is no evidence that its demand will decline in the upcoming years Gold101.com. However, you should put into mind that although silver is in demand nowadays; gold still is a major part of the market and has more uses than silver.
Supporters of silver may state that silver has more uses and is used in medicine, electronics and photography while gold is not, which is why silver should have a much higher value Superior Gold Group. We must remember that in the market, rarity is often a basis of value and gold is much rarer than silver despite its larger depository. It also is pretty common with people to invest in gold bars and coins because they have higher value and in the long run is a much safer and more secure investment compared to silver. Gold also has a variety that looks like silver but looks much more elegant which is why the value of gold never depreciates.
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