As saying goes this way:

@cuddiluk (1523)
Philippines
November 29, 2006 11:41pm CST
"TIME IS GOLD!" Why not silver?
1 person likes this
9 responses
@moneymind (10510)
• Philippines
30 Nov 06
my guess is that gold is more precious than silver thats why. greetings. : )
1 person likes this
• Pakistan
30 Nov 06
coz gold is even more precious
1 person likes this
@prasad1961 (5597)
• India
13 Dec 06
All of you know that "All that glitters is not Gold". Like wise the time is also not glittered but changes every minute with more glaze and colour, thats why it is called as 'Time is Gold'.
@owlwings (43915)
• Cambridge, England
1 Dec 06
Gold is (or was) the most precious metal. Silence is also 'golden' but clouds tend to have a 'silver lining' ... odd, isn't it? I think people would tend to smile if one described time as platinum or iridium, though! In Yorkshire there is a saying 'Where there's muck there's brass' meaning that there's a lot of money to be made from the dirtiest jobs!
@rohit55_56 (2297)
• India
30 Nov 06
becuse it is more costly .......that is why it is compare with gold because gold is more costly than silver
1 person likes this
@yorb24 (2179)
• United States
30 Nov 06
Gold is more expensive?
@perugu (5279)
• India
1 Dec 06
Hi,when the proverb was framed the only valueble good was GOLD[no PLATINUM..NO DIAMONDS..]at the same time to tell the importance of the TIME,our elders compared with gold..
• India
30 Nov 06
coz it is more precious!!
@mihai80 (865)
• Romania
30 Nov 06
maybe cause is gold!