4267627c_Gold_Versus_Silver__Reason
[Winner] Silver [Silver Details] In Wealth of Nations, the famous economist Adam Smith stated "We ought naturally to expect, therefore, that there should always be in the market, not only a greater quantity, but a greater value of silver than of gold." He is saying that the value of all the silver in the world (I.E. the market capitalization) should be higher than that of all the gold in the world. In other words, the silver:gold ratio should be less than the 10.48:1 ratio of silver to gold ever mined. [Gold Details] Of course, those words were written in a time of bimetalism; since then, there was a gold standard and then the current fiat system. As a result, silver is in less demand than it otherwise might be. [Reason] 
Economist Adam Smith
Gold Versus Silver
Reason