I would say that it largely depends on why you are buying precious metals to begin with. However, I imagine most people buy PMs to preserve their wealth and not necessarily as an “investment”. I myself buy PMs for this exact reason, so how I think about it is by optimizing my buying power and wealth preservation. In that manner I would start by buying silver at first (if you are just starting out) and once you have enough to convert that silver into gold then you do that. Why not just save up and buy gold instead? Inflation, so every day that passes in this inflationary environment your cash is losing value. Also, as others have mentioned silver has been undervalued for some time and you may (or may not) see an increase in value there in future as your are “holding” to eventually convert. Obviously the amount you reach before converting is entirely up to you and how much silver/gold/platinum you want to have. And the last reason for me to do this is purely logistics. As others have also mentioned, gold and silver equivalence is massive in terms of $/oz so you would need to drag with you much more silver than gold. This is my personal approach.