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 also much more useful in electronics. It’s the third best conductor after silver and copper, and unlike those first two it does not tarnish into non-conductive oxides.

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