Gold and silver are two precious metals that play a vital role in our daily lives. Canadians see and use them for decoration, jewelry and bartering every day, but these two metals are also incredibly important to our technological and industrial advancements. Gold (Au) and silver (Ag) have many practical applications that are used in everything from windows, car engines and spaceships to medicine and dessert toppings. In fact, these precious metals are so ubiquitous that many of us take them for granted. In this blog, we’ll discuss some of the lesser known uses for these precious metals and how they are changing our world.
For millenia, gold has been considered the king of precious metal investment. This reputation stems from the fact that gold is unique in its physical qualities. It is highly malleable and resists corrosion – both of which make it an ideal material for jewelry, coins and other monetary instruments. It also has a lustrous appearance that has led to the belief that it represents immortality and transcendence. These qualities have made gold a powerful symbol in religious practices, as well as a widely recognized monetary standard across the globe.
Silver, on the other hand, symbolizes purity and a refined beauty. Its ductility allows it to be worked into intricate designs and reflects light like a mirror, giving it an appeal that influenced designers of the 19th and 20th centuries. The silver buying and selling company in Virginia Beach incorporated the silversmith’s mark, a scale and stars into its design logo, which has since become a symbol of high-end luxury goods.
Both gold and silver have been viewed as traditional safe haven investments in times of financial stress. They are usually less volatile than stocks and bonds and offer a relatively secure hedge against inflation. This explains why they have become such popular investments, especially during the past 20 years. Gold is available in a variety of forms and sizes, including bars, rounds and coins, making it a convenient option for investors. Many also appreciate that these products are tangible, easy to store and often feature beautiful designs that make them enjoyable to collect.
Traders can use our online platforms to trade both gold and silver. With these tools, traders can profit from rising and falling prices and enjoy the benefits of leverage. To learn more, contact one of our experts today!
As precious metals, both gold and silver have significant monetary value. The weight of the two metals, however, varies considerably depending on the ratio of gold to silver in each alloy. For example, gold in the form of nuggets and bars tends to be much heavier than silver. This is because the alloy is primarily gold and contains few impurities. Conversely, electrum – which is gold and silver mixed in equal parts – is lighter because it has more silver than gold.