Eli5. Why is gold worth so much more than silver?

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In antiquity gold fluctuated between 5 and 15 times the value of silver. It is currently worth 80x more than silver. This despite silver having greater industrial utility and being only 19x more abundant.

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Anonymous 0 Comments

what you said is a reason for gold to be worth even worth valuable, its 19x less abundant but only 5 to 15 times the value?

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