Precious metals is not an investment, it's a hedge
It's much better for people who have not yet accumulated wealth to invest their time and energy building and buying things that will make them more wealth. Those who are already secure in their wealth generation may want to hedge against their investments with gold and silver.
IE, if the cattle prices fall, I may lose a lot of money on my cattle, but that's ok, I have reserves I can fall back on until cattle prices come back.
Diversifying your investments is a good idea
Precious metals is not an investment, it's a hedge
It's much better for people who have not yet accumulated wealth to invest their time and energy building and buying things that will make them more wealth. Those who are already secure in their wealth generation may want to hedge against their investments with gold and silver.
IE, if the cattle prices fall, I may lose a lot of money on my cattle, but that's ok, I have reserves I can fall back on until cattle prices come back.