Live Gold Prices

Investing in precious stones is gaining popularity especially as a means of surviving the unstable

economies. The most common precious stone being gold, silver is gradually catching up. The gold vs

silver venture on which one should invest in can be rather confusing. To help you settle for the best

investment you need to understand what each brings to the table. Initially, the price change of gold has

not changed drastically over a given period as it is changing in the current times which where changes

can be noted within 24hours. For example, in the late 1990’s, an ounce of gold was selling at $400. It took

about 15 years for the prices of gold to increase to about $450. This is an average variance of $50 in 15

years.

Silver and Gold Market

Just like gold, silver has also had a positive turn between the years 2005 and 2011. For every troy ounce,

it was about $7 and it increased to $35. This big move could not go unnoticed.

Market Demand

There are several industrial, commercial, as well as consumer uses for these precious metals. Silver has

been in use since time memorial. From an industrial perspective, this metal was an important part used in

the film industry for their cameras. One may argue that currently, the making of cameras is on a go-slow.

As much as this may be true, the introduction of other technological equipment such as mobile phones

has created use for silver.

Silver is one of the precious metals second in popularity from gold. The ancient men used it as money. By

and by other uses came up such as making clothing, American silver eagle, jewelry, electrical

appliances wood preservatives, Silver spot price and water and food purification.

For more details, please feel free to log on to: Where to buy precious metals, Where to buy gold

bullion

Gold does not carry as much industrial use as compared to silver. One of its largest uses is that in the

jewelry market. A small percentage of its use is in the dental and medical market. This however, poses a

challenge due to its expensive nature. How far are people willing to go to spend on jewelry? This

questions the long-term use of gold in the market especially with the increasing prices. Looking at this

perspective of gold vs silver, it is evident that the uses of silver surpass the uses of gold and thus the

more reason to invest in silver. The major use of gold is categorized as a luxury and not many are willing

to pay heavily for luxuries such as jewelry. There are several uses for silver. In addition, there price

difference also allows industries to keep using it as opposed to gold current value.