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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Gold is one, if not the only rare metal in the world that already exists in its solid state. While many other metals are gathered as minerals and have to be refined.

This allows gold to never corrode, or “rust” in our natural environment. This means that the gold piece you possess will never lose any amount of its weight, unless you willfully tamper it of course.

Silver does corrode naturally, so if you invested in silver, you’d eventually lose some of your initial money’s worth in weight.

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