Check out classically encountered FAQs on jewellery and pearls.
Exactly why is gold so high priced?
It is all related to rarity also to some extent, the demand for it across the global globe at a given time.
Silver has certain characteristics that are unique the fact it doesn’t tarnish. This means it’s in huge demand for jewellery, the profession that is medical science and technology – to mention just a few.
All(or virtually all) of the gold ever mined in human history is still in existence, having been endlessly re-cycled to give some indication of scarcity. There is a reasonable possibility that in it was mined by the Romans 2,000 years ago if you have a modern gold necklace that some of the gold!
Now it would only cover a tennis court and go up about 10m (30 feet) tall if you gathered every scrap of gold ever mined …