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Message:: [QUOTE="littlehugger, post: 2112719, member: 58633"]Its easy to cherry pick certain dates to "prove" a point with precious metals, but they have always been integral to coinage. When I was a kid, gold was $20 to the ounce. Silver was $1 an ounce, and you could get a big old 90% silver dollar for $1. The government made money on this, as a silver dollar was only 9/10's of an ounce. Its called seignoirage. (Spelling?) Now, gold is well over $1000, silver around $15. At $1200 per ounce, that's 60 times its value when I was a kid. It has been higher. Yes, it fluctuates. But even at its lowest at the turn of the miillenium, gold was $250 an ounce. 12 times its value when I was a kid. Yes, stocks and bonds can, and do, outperform precious metals. Extremely rare, and/or high grade coins do also. Thing is, I do not remember stackers routinely denigrating those types.   Silver, and other precious metals are not being touted as a superior investment, but a different type. Precious metals may rise and fall, but are always worth something. Another advantage is taxes. But it at a low level, sell it at a low level, and it can be tax free. Other investments are strictly accounted for and each tax year, you pay and pay.[/QUOTE]