If we hear these two words “silver” and “gold”, we immediately think of two of the most valuable assets in tough markets. Something valuable is something that makes money, that is, it provides you with power, one of the most wanted features in the world.But which of the two is preferable? We will try to answer to this question in the following paragraphs.
As we all know there are always two sides to every story.
In the hierarchy of precious metals, gold overtakes silver. Gold represents accomplishment, as when an athlete wins a Gold Medal at the Olympics or when a musician makes a Gold Record.
Silver is always known to be the “second best” place, which is why it is also called “the affordable gold”.
The words that mean “money” and the words that mean “silver” are the same in most Romance languages. Gold, historically, is just too valuable to use as money if an ounce of gold is worth a years salary, or a modest home.
Ancient gold was considered the appropriate metal for kings and queens. Their crowns and jewelry were made of purest gold. To own gold, wars were fought, people died, countries were conquered. The most beautiful royal jewels are in gold. Crown, scepter, ring, seal, all were made of gold, a sign of wealth, purity and domination.
While gold trades as a currency (or “medium of exchange”) and also is a “store of value,” and very little is actually consumed. Gold is a luxury good with many industrial applications, but insignificant industrial consumption due to its high price per gram.
History has provided us with many examples of paper money whose value has been destroyed. But, gold and silver have survived war, inflation, deflation, recession and depression. Silver and gold bullion are truly a safe-haven for those smart enough to realize their true value.
Learn from professionals how to buy gold in times of recession.