Andy has had this view for years and I suspect he will be very wrong on gold/silver equities but I respect his view and like to read his stuff. He has always been a physical only guy and for sure everyone should have some physical but stocks will wildly outperform physical going foraward as they always have, see no reason this will change. A good balnce is the right approach for me, with some physical to provide some safety and if an emergency occurrs but most of my gold/silver inverstments (90%) in gold/silver equities where the big money will be made even if more risk.