You cannot invest in gold or silver.
You can speculate on their price.
You can speculate on the price of derivative paper instruments.
You can invest in mining companies via purchase of stocks and bonds they issue.
I know some people throw the term around very loosely, but that is also a habit that causes so much grief and debate in nearly every circle and on every issue.
If you want the best hedge against inflation - go with gold.
If you want long term savings - go with gold.
If you want spendable and convenient sized/valued coins for when the SHTF - go with silver.
Sure, your gold will spend too, but not as easily because silver is in sizes and of values that are more useful for everyday commerce.
Gold is better for large purchases as ounce for ounce, it is worth more.
If future currency is what you are after, purchase silver in small sizes (less than 1 ounce) up to about $5000 face value.
Then start in on fractional gold, various sizes for another $5000 face.
Then go back and add in dollars and whole ounce silver, or even larger bars, followed by whole ounce and double eagle gold, as well as bars.
Alternatively, you could come up with a more fine tuned ratio of each based on your present spending habits and standard of living. (think of the "1 year's worth" nest egg principles)
If you don't want physical and just want to gamble on the future value of paper derivatives - then sure, by all means, hop into an ETF or something similar - silver for short term gain, gold for long.
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