Do you know the difference in price between gold and silver? Well don’t be alarmed most regular people don’t!
Well, as crazy as it sounds, many people don’t really know the difference in value between how much Silver is worth than Gold. The difference in price is very big. Like, at this time the price of gold per Oz. is $1,000 and the price of silver per Ounce. is $15. Yeah, that much! and that is a lot of difference!
A lot of people that enter places that buy gold, silver and other precious metals and expect to be paid prices similar are in for a rude awakening.
Apart from the price variation, golds valuation varies based on the karats and also may be different shades, but sterling silver pretty much needs to be one color and one set price.