Uses of Gold

Since the dawn of mankind, 1.4 million tons of silver have been produced to gold’s 165,000 — a ratio of about 8.5 to 1.

Silver is produced at a rate of about 15,600 tons per year, or about 6.2 times the rate of gold.

Silver currently trades at about $14.50/ounce.

Gold trades at about $1,080/ounce.

So while existing reserves and production rates put gold between six and nine times the value of silver, its unique demand still puts its market price at more than 74 times that of its less-shiny cousin.

And that’s not even considering that about 45% of all silver ever produced has been lost. Read the article