Gold is generally considered a stronger investment, in terms of wealth preservation, than silver. In 1970, before the Nixon Shock – taking the US entirely off the gold standard – an ounce of gold was $37.40 compared to $1.60 for silver. During the inflationary 1970s, both gold and silver grew exponentially. Gold to nearly $600 and silver to $15.50 in 1980. Gold significantly outperformed silver in this era. Silver has lost around 1/3 of its value since then, while gold continues to rally. In 2008 it busted through $1,000 and currently sits above $900.