I agree it’s not perfect, nor is it without risk, but apart from arable land I can think of no better a solution, the purchase of arable land without incurring debt is beyond most, including me. Yes PM’s could end up being worth less than you paid for them, but FIAT could end up being worth the paper it is printed on which is practically nothing and that’s the point.
There are plenty of commodities that I’m sure will keep their value, oil for example, but storage might be a problem. PM’s provide a means of storage that not many other commodities provide without having to get involved in paper ETF’s etc
I’ve also heard fine art & wines etc being touted, sounds plausible but I’m a philistine with regards to such things so that rules them out for me.
I’d also like to add that although silver is up over 100% in nominal $ terms in the last year, it’s not up nearly that much in real terms when compared to food and energy costs. It is also not up as much in EUR terms which highlights the fact that not all FIAT currencies are equal, this just reinforces the point that PM’s are a hedge against currency fluctuations with these fluctuations being determined by the actions of politicians and central bankers, and I for one don’t want to gamble on which FIAT currency will come out of this mess better than the others or which will survive at all.