Facts about Gold and Silver | Which One Worth Buying

Lots of people have been buying gold and silver for thousands of years. Also, gold and silver coin is precious and holds the perfect value over the years and can easily found in every corner of the world. These two types of bullion coin have their own demand. Gold is rarer that silver, no surprise why gold is more pricey than silver. Okay, now let’s discuss some facts and the difference between gold and silver.

Facts about Gold

1. Gold is rarer than lots of other materials. It is so rare that the amount of steel pours in an hour is larger than the gold has poured since the beginning of the civilization.

2. Rust doesn’t affect gold and so flexible that you can make into sewing thread.

3. It’s hard to find 1-ounce nugget than a five-carat diamond.

4. The boiling point of gold is 2808°C and melting point is 1064°C

5. Ninety percent of total world’s gold has mined since California gold rush in 1849

6. “1 Tonne Gold Kangaroo Coin” is the largest gold bullion coin ever made. It was produced by the Perth Mint in Western Australia in 2012. The face value of this bullion coin is over 1 million AUD.

7. Almost half of the mining gold is used to make jewelry, and this is the biggest application of gold.

8. There are 4600 tonnes of gold is stored in US Bullion Depository, Kentucky.

9. Gold is used for decorative and monetary properties. Also, it has a wide application of industrial application variation from electronics to nanotechnology via dentistry, also used in the space industry. Almost 9% of gold used for technical uses.

10. There are almost 15000 tonnes of gold laid on the world’s sea-bed.

Facts about Silver

1. Silver is best known for the use of the electronics industry as it is the best conductor of both heat and electricity.

2. Silver is the best light reflector, that’s why silver is used to make mirrors.

3. Related to Silver, more patents have been issued than other materials.

4. Until 1965, the US coins, quarters, dimes, and half dollars have contained ninety percent silver.

5. Silver is vastly used in industrial use. Also, it is used in traditional film photography called the silver screen. In this technological era, silver is used in mobile phones, batteries, medical applications, and switches.

6. Until 1947, British silver coins contained real silver. But later, it was replaced by Cupro-nickel.

7. According to the RSC(Royal Society of Chemistry), Silver has antimicrobial elements. That means, it can be woven into clothing to protect us from bacteria.

8. Thirty pieces of silver for which Judas Iscariot, who betrayed Jesus have been shekels issued in the town called Tyre, located in Lebanon.

9. According to a study from the Astronomy and Astrophysics journal in 2012, they found that larger stars explode and produce gold while smaller starts produce silver.

Bottom Line

Gold and silver are used for centuries and a great way to invest. There are lots of online and traditional shops like LPM.HK where you can buy gold or silver. Also, you can look into their collection range from their website instead of directly going to the store.

 

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