Gold And Silver Flashcards, test questions and answers
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What is Gold And Silver?
Gold and silver have been used as currencies since the dawn of civilization. They are both valuable metals, with a wide variety of uses in industry, jewelry making, and even electronics. Gold and silver are also part of many cultures’ monetary systems, whether it be coins or bars.The major difference between gold and silver is their individual values. Gold is considered to be more valuable than silver due to its scarcity and durability. The ratio between gold prices versus that of silver has fluctuated throughout history but usually hovers around 10 times the value of silver per ounce (i.e., one ounce of gold equals approximately ten ounces of silver). Silver is less expensive than gold, which makes it attractive for those who wish to buy precious metals for investment purposes without having to invest too much money at once. In terms of industrial use, both gold and silver can be found in a variety of products from smartphones to medical devices. Their unique electrical properties make them ideal components for circuits and other electronic parts where current must travel through small spaces without creating too much heat or producing sparks that could potentially cause damage to equipment or harm people nearby. On top of this, these two precious metals can also be used in creating alloys for jewellery-making or adding colouring effects onto glass surfaces by applying thin layers onto them using special techniques such as electroplating or chemical deposition processes like galvanization. To conclude,gold andsilverare highly sought-after metals with different values depending on the market conditions at any given time; they have extensive applications across various industries including technology sectors; they are both prized possessions by investors wanting exposure to real assets while providing portfolio diversification benefits; lastly they remain an integral part cultural heritage when it comes down to currency formsor jewellery craftsmanship – making them timeless staples within our economy today.