Buy gold, but try silver also.

I've posted a few blogs on why silver price will probably move higher than gold. Here's a disturbing, but bullish article on silver, and why owning shares of SLV, the silver Exchange Traded Fund (ETF), are problematic:

http://www.investmentrarities.com/ted_butler_comentary/06-16-08.html

With gold and silver, you're better off owning the physical bullion or coins. However, there are storage costs to take into account.

The ETF's are generally safe, and proclaim to be backed by the physical metal. However, in the case of a financial armageddon, all you may end up with are paper certificates with empty claims on silver bullion that may not exist. I'm not making a prediction it will happen, but in light of last year's financial meltdown and our current economic condition, I can't rule out any potential statistical outliers either.

Today, silver is pivoting around the $17/oz. price point, up 150% in just 4 years. It is real money, just like gold, and has no counterparty currency risk. It has to be explored and mined, requiring billions of dollars to bring to market. Paper currencies, on the other hand, can be created simply from a keystroke by some central banker. And lately, Ben Bernanke and Tim Geithner must be getting carpal tunnel syndrome.