A lot of what we buy depends on appearance. When we go to the store, we buy what looks good on us. It depends on color, cut, design, and various other factors that align with our overall desires. Purchasing jewelry can be a little different. There are certain people that are strictly devoted to silver jewelry and others who swear by gold, but which is right? Is it better to purchase gold jewelry or stick to silver.
Price
Gold is the more expensive option when comparing the two. Gold prices are always going up and the primary reason for this is the rarity of the metal. Silver is far more plentiful than gold making it less expensive. Although it is more plentiful, silver tarnishes. Gold can tarnish depending on what alloys it is mixed with, but pure gold will not tarnish. Silver will have to be cleaned regularly.
Diversification
This factor is relatively even for both gold and silver. Both metals can make amazing jewelry pieces that look great for any occasion. However, gold can be purchased based on purity. Â Alloys are added to pure gold to strengthen the metal and bring about different characteristics. Gold is more malleable than silver and gold jewelry is often easier to fix than silver.
Tradition
Traditionally, gold is king here. Gold jewelry has been a part of our world for as long as humans have walked on the earth. It has been fashioned into both jewelry and currency throughout the ages making it a true sign of wealth. Almost all countries have had their fare share of golden ages and traditional ceremonies are often dripping with gold features. Gold is a common entity in weddings and royal tradition as well. Gold is simply the more traditional option.
Overall Value
Again, the clear winner here is gold. The silver market tends to be far more volatile than gold. Silver goes through times in which it is less popular. Gold remains constant. The market is always increasing when it comes to gold, so investing in gold, from an investor’s standpoint, is the better option.
Gold and silver have their place in our world and there will always be room for both, but gold seems to be the better investment overall. Gold holds its value, is a diverse metal, and can be shaped into practically anything.
Silver, although beautiful when first purchased, will tarnish overtime and with an up and down silver market, you never know when to purchase the metal.
Gold is a sign of wealth and always has been associated as such. Silver is the lesser of the two, so if you are purchasing a piece of jewelry for someone you love and you are torn between silver and gold, choose gold. A timeless piece of gold jewelry is something they can cherish for a lifetime and like your love, it will never tarnish. Everyone has their own opinion, but when placed against one another, gold investment seems to win every time.
