Sterling Silver Jewelry as Valuable as Gold?
Thursday, June 12th, 2008It sounds crazy to think that one day sterling silver will more highly coveted than gold . Just a few years ago a friend of mine talked deprecatingly about this precious metal. There was so much of it, so many cheaply made silver earrings and pendants from overseas flooding the marketplace.
That may change someday. Why is gold more expensive? Like other commodities, the prices of precious metals are driven by supply and demand. If silver supplies run low, the price will have to increase. It sounds like an upside down proposition, but only because gold has always been the rarer of the two.
I think they are both beautiful, from an aesthetic point of view. In fact, many people prefer silver jewelry over gold. But value is a result of how much is around, and how good the marketing of it is.