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What makes gold and silver so valuable? And which is better?

Gold vs Silver: What Makes One Better?

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Gold Vs Silver

Two of the most well-known precious metals are gold and silver. These metals are called precious due to their scarcity in the earth’s crust. Highly regarded throughout history for their value inGold vs Silver | Oro Express Chandler Pawn & Gold trade and commerce, both have been searched for the world over by explorers. As a result of such discoveries, new countries and trade routes were opened, allowing for their mining and trade.

Much of the United States was developed by those in search of the prosperity yielded by precious metals. Interestingly enough, Christopher Columbus was prospecting for gold when he set sail and ultimately landed in the New World. In the mid-1800s, the Great Gold Rush resulted in further settling of areas like California and Alaska. However, archeologists state that gold and silver were mined long before then. In fact, the infatuation with these metals dates back nearly 6,500 years.

The Evolving Utility of Gold and Silver

These elements were historically used in trade and commerce as currency or in the creation of ornamental pieces. However, more practical uses have been developed over time, such as in medical products and electronics. Much like their utility has evolved, there are also shifting commonalities and differences between gold and silver. Here is a firsthand look at a couple of aspects of each.

Current and Future Value

Both gold and silver have enjoyed an increased value in their trajectory over time. However, silver seems to reach greater peaks and valleys in conjunction with gold’s fluctuations in value during market variations. This means that as the price of gold rises or falls, the value of silver does so to an even greater degree. While the overall value of gold is higher per ounce, the percentage change of silver’s value is bigger. This results in slightly greater volatility for silver over gold.

Over the past ten years, gold has seen an increase in value per ounce from $450 to $1,650. This commodity is closely tracked by investors and economists and is a major form of currency. Silver increased over the same time period from $7 per ounce to $35 per ounce. Again, this is an even more significant change from a percentage standpoint even though the dollar value per ounce is less.

The Demand for Silver and Gold

Silver is used in a variety of industries and products such as cell phones, electrical appliances, medical devices, computers, refrigerators, and more. While the cost per ounce continues to increase,gold vs silver: 3 things that matter are Purity, Weight and the daily spot price it remains quite affordable. It is also accessible, with countries like Peru holding vast reserves. At $30-$35 per ounce and with more uses being discovered regularly, silver shows no signs of weakening demand in these products.

Gold has less use in products and industries compared to silver. However, it is the predominant form of investment as a hedge against other currencies such as the U.S. dollar. Not only people but also countries invest in it to hedge their risk against the shifting value of the dollar. Whether jewelry or gold bullion, this precious metal has yet to see diminishing returns on its investment.

Go for the Gold

Gold will continue to hold substantially more value than silver due to its limited supply, high demand and multiple uses.  Which keeps a high emphasis placed on the commodity by central reserve banks, investors, economists, and entire countries. While it may be expensive to buy, it is excellent if you are in the market to sell.

With gold continuing to enjoy historical highs and no signs of decline, now is an excellent time to see the value of what you have. Oro Express Chandler Pawn & Gold can help. Let us tell you what your gold is worth today.

Sell Your Diamonds

How to Sell Your Diamonds for the Best Price

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How To Sell Your Diamonds

Before you sell your diamonds, it’s important to figure out a plan of action. Since they’re often valuable, both personally and in terms of cash, preparation is the key to getting a decent price. Whatever type of diamond jewelry you have, you’ll need to check its authenticity, get an idea of what price range is realistic and learn a little about how diamond resale works.  Therefore, here’s some guidance on how to sell your diamonds for the best price.

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Top 3 Engagement ring trends

Engagement Ring Trends

By Diamond, Blog, Gold

Engagement Ring Trends in 2019

With engagement season just around the corner, it’s the perfect time to begin considering what type of ring will accent your proposal best. Whether you’re planning on popping the question, or saying “yes” to the love of your life, the ring chosen is important.  Because there’s so many styles to choose from.  And you want the ring to express your love, without any unnecessary words.  Therefore, let’s examine 3 engagement ring trends that have taken 2019 by storm!

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Loan being approved for cash loan on diamond jewelry at Oro Express Chandler

How To Get a Loan With Bad Credit

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How To Get A Loan With Bad Credit

When you require financing, bad credit can exist as a detrimental roadblock standing in your way. However, leveraging personal property like jewelry can sometimes be enough to get the money you need fast. Once you learn how to get a loan through pawn shops, it becomes much easier to get cash in a pinch.  Here are some helpful hints on how to get a loan with bad credit, from a pawn shop.

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Box of unwanted items being sold during spring cleaning

Get a Jump Start on Spring Cleaning by Pawning Unused Items

By Blog

Whether you have just binge-watched the Marie Kondo series on tidying or are ready to spring clean your house, getting rid of clutter is always a gratifying feeling. While some of the unused items taking up space in your house may be considered as junk to you, others may find value in them. If you possess any of the items on the list below, bring them down to Oro Express and get some fast cash as you complete your spring cleaning.

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Unwanted household items ready to pawn or sell

Why Pawn Shops Are Best Way to Sell Your Stuff

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Why Pawn Shops Are Best Way To Sell Items & Get Quick Cash

When you have a lot of stuff lying around you no longer need, you should seriously consider selling it all. You have several options available, but by far, the best option at your disposal is to take your belongings to a pawn shop. Once you sell belongings with Oro Express Chandler, you will never again want to make a listing on Craigslist again.

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Coin Buyer - Oro Express Chandler

Sell Your Coins at Oro Express Chandler

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Sell Coins at Oro Express Chandler

You could be sitting on a goldmine and not even realize it. There are many valuable coins out there, and you can easily find a coin buyer for it. Before selling, you need to pick the right time to sell your coin, such as when it has recently become popular, and you need to properly attribute your coin before going to a sale.

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Cluttered garage or storage space with household items

The Best Ways To Get Rid of Clutter in Your Home

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Reorganizing Your Home

Is your house starting to look more like an auction house than a home? It’s easy to accumulate things over time, especially with the ease of online shopping. If you’re tired of looking at clutter, but you aren’t sure how to start purging your home of unnecessary items, here are 5 of the best ways to get rid of unwanted junk after you reorganize your home.

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gold pocket watch vintage valuables

The 5 Most Expensive Things Made of Gold

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5 Gold Valuables That Are The Most Expensive

Gold has been a valuable and intriguing precious metal for centuries.  It has played a central role in historical conquests, the rise and fall of economies, and some of the most popular fairy tales.  Gold is economically valuable because it is rare, naturally-occurring, and doesn’t contain any radioactive properties.  While the market price of gold may rise and fall from day-to-day, it will always be a sought-after material.  But there are 5 gold valuables that have added value because of the precious metals.

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How to Sell Luxury Watches to a Trusted Dealer

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How To Sell Luxury Watches

We all go through periods where we need fast access to a little extra money, and liquidating valuables in our possession such as luxury watches is an easy way to get the funds we need quickly and easily. Selling something can be a little nerve-wracking, though, especially if you haven’t done it before and aren’t familiar with the process. Here is everything you need to know about how to sell luxury watches to a trusted dealer.

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