Gold and Silver have been around for over 2,500 years. Why are they so popular? What makes them unique and why do both have different price values? Gold and Silver Volatility have some pretty defining differences. Read below for more information.
What is Gold?
First, let’s explain what Gold is. Gold, symbol of Au, is a chemical element with the atomic number of 79. Meaning it occurs naturally. Gold is bright, dense, and pure in metal form. It is resistant to most acids used in most mining as a precious metal that is used for coinage, jewelry, and art.
Why is Gold Volatile?
Well, the price of gold fluctuates causing it to be scarce and less volatile than Silver. Silver is more abundant and generally is cheaper than gold. Gold has been used as a form of currency for centuries giving it more stability than Silver. It is seen as being more valuable than Silver and can be used as an inflation hedge meaning it can help investors protect their money from the effects of inflation. Gold price changes are typically seen as more gradual. At Bullion Express, we offer numerous gold coins and bars.
What is Silver?
Silver is a chemical element with the symbol of Ag and atomic number of 47. It is considered soft, transition metal that is valued as a precious metal. Silver is often used in bullion coins and is considered more abundant than Gold. However, it can be used for more than just bullion. Many things around your house are considered silver such as solar panels, water filtration systems, and utensils.
Why is Silver Volatile?
Throughout history, Silver has always been more volatile than Gold because of supply and demand. Silver is an industrial commodity, so its demand is constant but not as much constant as Gold. The price of Silver tends to change dramatically over short periods of time as opposed to the gradual change explain in gold above. Silver is more volatile than Gold in large part since it is used in more industries than Gold. Industries such as automobile manufacturing, electrical manufacturing, coinage, and jewelry. At Bullion Express, we offer numerous silver coins, bars, and rounds.
Bullion Express is a great place to start with our wide variety of silver and gold products listed at competitive prices.