Is Fine Silver Jewelry As Good As Gold?
May 25th, 2010, Posted in Bracelets, Earrings, Jewelry, Jewelry Boxes, Necklaces, Rings, silver earrings, UncategorizedOver the centuries, there has never been a valid argument to say that silver jewelry is more valuable than gold jewelry. In fact, everyone knows that when times get tough and a recession hits the economy, many of the investment gurus tell us to buy gold? I wonder why they don’t tell us to buy silver? Not that silver is a bad metal, but it certainly is not gold. For example, if you were to walk into Tiffany’s or Cartier, they would likely carry fine silver jewelry and fine gold jewelry (as well as a whole lot of other expensive jewelry). When you look at the price tag for each piece of either silver or gold jewelry, you would find that the gold jewelry was more expensive than the silver jewelry.
There are a myriad of reasons why gold is more valuable than silver. First, gold cannot tarnish but silver will tarnish. But it should be noted that the tarnish is very minor with silver. Nevertheless, no tarnish (like gold) is better than some tarnish (like silver). Gold is useful because it has valuable properties inside. The high value of gold puts it in higher demand in relation to silver not only because of the properties but because it is much more rare then silver.
The problem is that a lot of the world’s gold jewelry ends up in the hands of the large jewelry players who are able to control prices. But before that, the gold is in the hands of a few large central banks who also manipulate the price. It should also be noted that jewelry manufacturers have to pay more to store silver because it is heavier than gold. But believe me, fine silver jewelry is not cheap when you walk into Cartier or Tiffany’s so don’t think you can get it for nothing.