Superior Gold Group – Gold versus Silver
Superior Gold Group – Gold versus Silver
It’s an age-old question and highly-debated topic in which none have really proven a definite answer. Some say that Silver is better than gold because of its greater industrial demand nowadays, and in case of the failure of currency of any given country, silver coins will be that will be used instead of gold coins. The latter seems to be very unlikely unless two successive world wars break out in which has the potential to fully drain any given country’s reserves and riches. However, the first reason could also be justified. Yes. Silver is much more in demand nowadays. The fact is, silver is cheaper and is more commonly used nowadays. Jewelries are made out of silver, and the photo industry capitalizes on the chemical composition of silver in which they use for their photographs. It also is used in dentistry, mirrors and optics, as currency, clothing and is also being used in other medicines. Yes, you could go on for days and days and prove that silver is arguably much more in demand nowadays because of its availability, uses and price. However, herein lays a problem about that. It is CHEAP.
Noticed how I highlighted the word cheap in my last paragraph? Well, what’s wrong with being cheap? Actually, nothing is wrong with it. Because of its cheapness, more and more people are using it in various industries and forms. Can you think out of the box? Can you think of something bigger? The current price ratio of gold and silver is 15:1. This means that for every 15 ounces of silver that you have, that is equivalent to an ounce of gold. That is a large difference, isn’t it? Now, think that you are a very rich and industrious man. For a much better example, think of yourself as a banking organization. How would you able to maximize your space for your investments? Use Gold. Most of the world’s gold ends up in large hoards or chucks, owned by the central banks. They prefer gold over silver. Why? As I’ve said, silver is cheap. A very large supply would mean it would obviously be heavy and bulky, and would cause a problem with storage. With that in mind, simple mathematics would tell you that using gold would be much more practical storage wise because of its much higher value. This doesn’t need further explanation. Gold is a much more useful and valuable than silver because of its value.
But wait, not everyone is as rich as the banks themselves. Not everyone has the power to hoard vast amounts of gold and store them. That herein is a very huge problem, however, since we are talking about the distinct qualities and comparing gold with silver. Presenting out proven facts like this are needed in order to prove which of the two is actually better. When speaking of value, gold is much more valuable than silver. When we speak of demand, silver is much more in demand than gold. However, common sense suggests that the higher the value, the higher its demand will be. Think. Use your mind and research. It doesn’t take an economist or a financial advisor to suggest which of the two is actually better.
The Superior Gold Group is an industry leader in the precious metals investment industry. With 1,000′s of satisfied customers and a long list of highly respected industry partners, the Superior Gold Group can help individuals, corporations and broker dealers alike to satisfy their desire to add gold, silver and platinum to their portfolios
Question by mic: If I melt down my gold scraps to gold bars who can I sell the bars to? Is there some sort of Gold Bank?
I don’t want to sell my gold to those gold for cash places/websites because I will only get a fraction of the gold’s market value. If I melt down my own gold scrap to gold bars where can I sell the gold bars for Gold’s true market value?
Where or whom do modern day gold prospectors sell their gold to?
Thanks.
Best answer:
Answer by Corie S
really you dont have to go that far, i sold some scrap silver to 123 PMR, there is midwest refineries in Michigan, and some others, just type in gold refineries and that will get you the result you want, personally i would recommend midwest, they have no minimum order so that would be best for you.
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