Lynette Zang keeps saying that gold is a store of wealth and silver is for barter-ability.

The dollar is backed by faith, and to take that a step further, it's only valuable because people think it's valuable.

Gold, is actually pretty close to this. It's only valuable because people will pay for it. This because historically, it was rare. The kings wanted the rarest thing that represented the sweat of thousands of men. So gold was kings money, and silver was regular money.

Neither metal was used too much for other things, or not like today with silver's industrial use. I find it notable that this idea of value between the two metals remains, and silver is even less valuable than gold in this aspect.

If we take out the industrial use of silver, (if gold is valuable because it's rare, then the value of silver could be looked at in the same way) then there is LESS silver available - silver is more rare. All the Money in the World | How Much the World is Worth | The Liquidity Pyramid (demonocracy.info)

I mean, if you 1/2 of all gold got destroyed in the mining process, there would be less of it and it would be worth more, right? You certainly couldn't count destroyed part as being part of the gold market cap. This is the same with silver. With our modern way of life, industrial silver doesn't count towards investment, and you could EVEN SAY - that because silver will ALWAYS have a demand, it might be MORE valuable. In an all out apocalypse, I would much rather have silver.

As far as potential gains, yes, I think silver is should probably be $100 right now, and gold maybe $3,000. The numbers might be off, but think about it like this. Is it that crazy that silver goes to $50? I think that is HIGHLY likely. That much movement is the same as gold going to $3,500. But yeah, as far as money, or paying off your mortgage? I don't see any reason why silver wouldn't work the same way as gold.

/r/Wallstreetsilver Thread