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

Gold vs Silver: What Makes One Better?

By | Gold, Gold Buyer, Gold Loans, Sell Gold, Sell Silver, Silver, Silver Buyer, Silver Loans | No Comments

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 in 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, 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 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.

How to Sell Your Diamonds for the Best Price

By | Diamond | No Comments

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. If you want to get the best prices when selling diamonds, follow these tips.

Read More

Top 3 Engagement Ring Trends in 2019

By | Blog, Diamond, Diamond Buyer, Gold, Gold Buyer, Gold Loans, Sell Gold | No Comments

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, planning on saying “yes” to the love of your life in the coming months, or you’re just browsing and daydreaming away about your future engagement, there’s a lot to choose from and knowing which styles are “in” can definitely be a challenge for those not already in the know.

Read More

Box of unwanted items being sold during spring cleaning

Get a Jump Start on Spring Cleaning by Pawning Unused Items

By | Blog | No Comments

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.

Read More

gold pocket watch vintage valuables

The 5 Most Expensive Things Made of Gold

By | Gold | No Comments

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.

Read More

How to sell a luxury watch to a trusted seller in Chandler, AZ

How to Sell Luxury Watches to a Trusted Dealer

By | Uncategorized | No Comments

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.

Read More