Historic average ratio of silver to gold is in the 14-16 to 1 range. So either gold is waaaay overpriced right now, or silver is a steal. Historically, gold also sells for less than platinum. Right now, gold is worth more than platinum. So, my opinion, fwiw, is that gold is overpriced.
Also, unless you can purchase gold in full ounce bars/rounds, the premium will kill you. The biggest ripoff in bullion is the markup - and the markup on fractional gold is way too high.
Another thing to consider, if TSHTF, no one is going to be able to make change for your gold bar. That's why I like silver - about half of what I buy is in 1 oz form (American Eagles, Canadian Maples, Austrian Philharmonics) and half in "junk" silver. I would love to get some Chinese Pandas, Australian Kookaburras or Kangaroos, Mexican Libertads, Russian Georges or English Britannias - but my local coin shop never gets any in.
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