I look at my own investments, including gold and silver. My long term gold holdings have had a compound annual growth rate of 3.5% over a ten year run. Silver hasn’t kept up, with a .51% CAGR during the same period.
Gold is not going to make you rich. But it generally keeps up with inflation over time. Silver is crap.
Good enough to keep up with inflation is sound advice. This reminds me of a old joke about the stock market:
"Bulls make money, bears make money, and pigs get slaughtered".
Armstrong makes his money turning people into pigs.
Silver is much more negotiable though...easier to trade at $23 an ounce.