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The following is a work of fiction.

Once upon a time in a galaxy far, far away existed a little planet called Earth. On this planet a species of biped creatures called human beings arose and with time these humans began to multiply. As they became greater and greater in numbers they also learned how to use things that nature had given them to make their lives more and more secure and convenient.

6 month silver chart

This story deals with two of their discoveries that changed the way they did things. These two things were minerals from the ground and were given the names gold and silver. Both of these metals were very scarce and a term evolved for these two called “Precious Metals”. Gold was a lot more scarce then silver and thus held a greater value. Until this time people traded goods back and forth and that was how business was done. One day someone came up with the idea to pay for goods with either of these precious metals and on that day money was born.

Throughout their history they continued to use these two metals to buy and sell objects. One day someone came up with the idea to make a piece of paper that had a value that was backed by this silver and gold. All went well. As they continued to evolve they invented everything imaginable and then some. There was no end to what these beings could come up with. What became interesting was that a lot of these inventions required silver in their manufacturing and

the beings began to take notice of this as their stockpiles of silver began to start depleting whereas their gold kept increasing. With this they would change the value of their silver accordingly.

For many a millennium they held a greater reverence for the metal gold over silver, but with all these newfound properties of silver they began to realize that silver was a far more “Precious Metal” than their gold and the price reflected this accordingly. Soon silver far surpassed gold in price and all went well. THE END.

Please be advised this is a work of fiction and any similarities with any planets in this universe is not intentional.

silver chart
Charts from Kitco.com

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