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 !