Not in my opinion. Gold and silver do not generate any revenue and over the long term have produced returns lower than the current rate on 10 year CDs. If stocks are selected properly 78% of the time their return is greater than inflation.
First, gold and silver are commodities. Stocks is just a generic term for owning a position in a publicly traded company (equities). Both are just a small part of creating a well-balanced, diversified, portfolio. The combination of holding commodities, equities, bonds, real estate, and other asset classes at the same time is called an asset allocation. By adjusting the amount allocated to each asset class you are able to modify your long-term expected risk and return.
If you put all your eggs in one basket by thinking one position is better than all others you are really taking on a gambler's mentality which is extremely risky. Investing tries to maximize return and minimize risk, this is done by using multiple tools at the same time.
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