Actually you can buy silver and make a "profit". If you only think of one ounce at a time then it is more difficult. If you are a person with deeper pockets and a knowledge of trading, then dealing with say 100 or 1,000 oz makes it much easier to make a "profit" even within ONE day. But PMs will not buy you anything unless it is converted (or bartered, traded etc with someone that knows it's value) to a form of currency that is used to buy loafs of bread. The nice thing is though, other than inflation, is economies of scale and efficiencies may lower the price of that loaf of bread. For me, and the bread I buy, it's been cheaper today in it's price tag than it was back in 2011, so I can buy more bread. or save the spare bread/change and buy more PMs. For me . PMs are simply a storage of wealth. At some point in the future it's hopefully worth more than the equivalent $1 of when you bought into it. And it's pretty. It's prettier than that $1 for me so I buy it too with a hopeful knowledge of it maybe being more in the future.