The argument for silver coins is that they would be more useful in day to day life after a currency crash, ie you couldn't trade a gold coin for a tank of gas, but a few silver coins, maybe. I'll leave this in the realm of conjecture. I knew a man who thought that alcohol and tobacco would make better barter items than metals.
The gold etf's (GLD and also SGOL, maybe a few others) have the advantage that they are more liquid, there is no shipping cost and you don't have to fret about physical security.
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