Today I like to show the difference between gold and silver, price were both the same. Approximately $80 each. Silver chain is 2 ounce or 63 grams, Gold is 2.5 grams.
Gold is $1897 ounce or $61.02 gram.
Silver is $23.79 ounce or $0.77 gram.
Ratio 80-1
When I bought the Silver chain, I paid 3 times the spot price because it was sold as a jewellery, which made it expensive.
The Gold only about 10% over spot price, due to extra premium on small bar. The bigger the Gold it's less premium. Now the Silver value is $47.58, Gold value is $152.55.
Thank you so much for looking at my blogs, next time I try to show you more silver and gold !
It's a tough way to Stack when it comes down to jewelry. I made a few scores on jewelry by combing Thrift stores but they are getting smart on it now making finds even harder to get.
Thanks for commenting. I knew it was going to lot more expensive, I paid $80 when it was worth $20 in silver. I could have bought three silver coin for that price. But with coins maybe I have sold them or some by now. The silver I like somuch !
i want that tiny gold card!
Thanks you for your comment and support. I actually had a 1 ounce gold bar before, I had to sell it as I needed the money !
That's sad! Don't thank me ❤️🍻
Yeah, the bigger the gold, the less the premium!
Thanks for the nice comment. Yes indeed with gold if I can afford one ounce it's 3% the most, with silver can be anything up to 25%. More especially if you buy silver jewellery !
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It's a nice chain though. Lots of labor and time goes into making them. I have a 10k gold chain that looks about the same size. If I scrap it I may get $900 for it. If I went to a jewelry store, they would sell me one for $2,000. Crazy. I bought mine at a yard sale for a few hundred USD. Was a great deal at the time and now worth much more.