With the future uncertain, holding physical is not a hassle. A hassle will be waiting in line for ATM money after your bank takes a holiday or your investment accounts are frozen. I like this stock, and own it, but in the end, it is still a paper asset.
I actually will be buying on the dip's. I bought some more in the am. I believe in the late great Mr. Browne. 25% in U.S. cash, 25% in long term U.S. bond's, 25% in U.S. stocks and 25% in gold.. However, thank's to Mr. Bernanke, I have the solution of the cash,0% interest rate and the imo bubble in the U.S. long term government bond.(even Mr. Buffet mentioned that he would not invest in long term U.S. government bond's).."VTIP". I would combine the first two choices to invest in VTIP(50%), 23% in VIG( however I have, my personal...1% each in WMT and SWC). GLD does not pay a dividend. SLW is shareholder friendly and pays an increasing dividend. I approve of SLW's entry into the gold market. Vanguard has a very low expence ratio. But Vanguard does not have a pm etf. SLW will be my 25% ultimately. I follow the cot report. The smart money commercial's have been net buyer's of silver recently(week to week)..