gold or sliver?

both

i just love silver. Bought silver wheaton and that has done well but my silver standard has struggled a bit. But patience is required as they keep kicking the can down the road.Eventually they will run out of tarmac.I will sit and wait for this economic disaster to worsen over the next few years and hopefully i will get a good return.

sliver for me. Having a small slice of everything is an excellent investment strategy.

Definitely both although they look slightly overbought at the moment, even with the recent dollar weakness.

Oil looks a much better play at this point in time, but we should all be looking to invest some of our savings into gold and silver when the time is right. 

Major currency crises are on the way.

The key is the ratio which is about 62 now.  It is limited below by about 16 due to the amount of each in existence.  It may have already peaked meaning that Silver is likely to be better.  The usual reason for this is that while both are precious metals and a hedge against expanding money supply, Silver is also partly an industrial metal as it has "uses".  In the inflationary boom, it should outperform.

cheers for all the answers folks, what is the best way to go about buying silver or gold?

Depends on the risk profile you're after.  If you believe they're going up but not that governments or currencies will fall and revolutions will happen, I would stick with spreadbetting as it's tax free assuming you're UK domiciled.  Otherwise, ETFs like GLD and SLV will give you exposure in USD.

If you're really rich like me, you should have some physical Gold and Silver too in case it really goes wrong and we have revolutions and currency collapses.  Maybe a 1/1000 chance, but therefore you should have 1/1000 of your weath in physical coins.  In that case, you can get them online easily.

If you go on utube there are lots of people saying silver is a great investment.

current thoughts on silver?

It nearly hit $25 the other day, and has gone back down to $23.37 at time of writing.

Is there going to be a massive correction, to say $18, or is this just a temporary blip?

An alternative to Goring's advice would to invest in a gold mining company, this of course would mean that you also gambling on companies ability to find gold as well as on the gold price itself. My own gold based investment is in Avocet mining who have had a very good run over the last couple of months (up from about 120 to 180+) but now seem to have stalled over the last few days. No doubt that there are other bargains still to be found elsewhere though.

I've bought a few shares in Hecla Mining, they produce mainly silver, and seem to have some decent exploration prospects, plus loads of silver in reserve. Seems like very little downside in this, presuming silver prices rise to what I think they will, you should be looking at $10+ a share. If they manage to make an extra finds then you could be looking at a substantial increase in share price, to perhaps the $15 level.

If hyperinflation takes place in the UK then it will also be in the US and EU so where would you be able to spend Gold?

listen to this

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/30_Andrew_Maguire_&_Adrian_Douglass_files/Andrew%20Maguire%203:30:2010.mp3