Need advice - belt grinder or bench grinder?

[ScrapMetal]

Back in July my little shop got broken in to and they made off with a brand new bench grinder, all my cutting tools, a "like new" mig wire-feed welder, and a lot of other misc. stuff.  Now that I'm through the holiday season and have a couple of extra pesos in my pocket I am looking to get a replacement for the bench grinder.

What I would like to know, is a belt grinder more useful in a "hobby" metal working shop than a regular bench grinder?  I don't think that I'm prepared to buy both at them moment and I really don't have the room for both if I was.

What is your take on this?

Thanks,

-Ron