patrick.net

Blurtman says

The only thing gold has going for it is history. That is what backs gold.

Silver has a similarly long history. Yet the price actions are very different.

Peter P says

Blurtman says

The only thing gold has going for it is history. That is what backs gold.

Silver has a similarly long history. Yet the price actions are very different.

Re gold-its history is its history BECAUSE people always want it not because people always have wanted it

https://smaulgld.com/silver-supply-demand/

Silver is different than gold in that it has industrial uses (electronics, solar, batteries mirror), so its valued like oil or any other commodity. Silver also has a monetary and jewelry/adornment use.
https://smaulgld.com/gold-supply-and-demand/

Crytpos have only a use as a medium of exchange like checks and have no value otherwise

Blurtman says

The only thing gold has going for it is history. That is what backs gold.

Learn more about gold!:

The Most Useful Metal

Of all the minerals mined from the Earth, none is more useful than gold.

http://geology.com/minerals/gold/uses-of-gold.shtml

Value is what people give things.

Silver moves differently mostly because the traders are a different set of people.

Graybox says

Your all right smaulgld, you remind me of Hank Hill and his selling of propane and propane accessories... Charcoal just can't match up with propane.

My point is most trading vehicles are superior to gold but as hard assets go, perhaps few better

Most of gold demand is NON investment 70% jewelry and more than half of silver is non investment (industrial)

So it really doesn't make sense to judge them on the same basis as currencies,(crypto or other wise) or stocks and bonds

You can see from these demand charts that most of the demand of silver and gold is for non investment.
The investment value is in the mind the rest is in real world demand.

Peter P says

Value is what people give things.

Silver moves differently mostly because the traders are a different set of people.

Much of the demand for silver is based on need- not perception

smaulgld says

Peter P says

Value is what people give things.

Silver moves differently mostly because the traders are a different set of people.

Much of the demand for silver is based on need- not perception

Let's agree to disagree.

Need is a perception.

Peter P says

smaulgld says

Peter P says

Value is what people give things.

Silver moves differently mostly because the traders are a different set of people.

Much of the demand for silver is based on need- not perception

Let's agree to disagree.

Need is a perception.

Not really you NEED to heat your home so you need oil.
You need electronic devices so you need silver.

Silver an oil are essential needed commodities, gold not so much.
Crypto currencies not at all