Precious metals are at best a hedge against inflation not an investment. They return nothing while held, only when sold. If you bought an ounces last Thursday, it can now be sold for $1000 less.
Precious metal mining companies can be an investment because they invest capital in mines that extract precious metals from the ground.
The companies insisting that gold is the only safe investment make no sense. If gold is only going up, why would you sell any? Even if you need some cash to buy another yacht, you would sell enough for that instead of making it a regular business. I am sure they buy gold in the valleys and sell at the peaks. Your chance of knowing when those are as an average buyer are tiny.
If you think the dollar and stock market might collapse in the near future having some gold or silver in your safe makes sense. (Ammunition, food and guns make even more sense. They have immediate utility. Precious metals are onky money. They wil not feed or protect you.) Long-term only the vampires win.
If you want a low-risk investment, municipal bonds of your state likely make more sense. A couple days ago, there were Idaho munis for sale with yields to maturity of 5.5%. That interest is exempt from both federal and state income tax.
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