Wow. Look at what has happened to the price of gold and silver. Gold down below $1275, and silver under $20 an ounce. Nothing close to their historical lows, but both lower than they have been in 3 years.
Now, there are some people out there who make the purchase of precious metals a higher priority. I like to have some on hand, but I also have been known to do some profit taking off it. At one point, I bought a couple of 10-ounce silver bars, and then when silver rose to about $24 an ounce, I sold them, but I then took the money from those sales and put them into other...stable products.
I kind of look at long term planning the same way I do a stock portfolio...diversification. Metals are nice, but so are bullets, and medicines, and candles, and matches, and alcohol, and lots of other things. In this hierarchy, I see metals as a compact, convenient source of wealth...and gold is much different than silver. Both of them will have a use, but that useful period is when things are getting bad, not when they are already really, really bad. There will come a point where folks figure they can eat silver, or shoot a squirrel or bad guy with silver, and that's when the other shelf stable items have their uses.
But for now, silver is what's on sale, so that's what I'm buying.