You’re in the mood for buying some precious metals. A dealer has two options in your price range, a small gold ingot which he’ll sell for bullion price, or a large bar of silver, also at bullion price. Both cost $100. Which do you take?
Probably the gold. In fact, if I had to guess, most people would take the gold. So how come they’re the same price? And how much is silver really worth?
Filed under: Economics