some of these questions and the scenarios derived from the answerse indeed supercede any and all technical analyses.
while these are all well considered and interesting to read, the private investor (such as myself) should look far beyond what any trader (also: such as myself) would consider in making decisions.
if it all goes "to shit" then you're far better off with austrian harmonics and maples as well as some 5g gold bars than with some piece of paper you boght or sold for immediate profit.
there are in fact (at least) TWO DIFFERENT ways and motivations to invest in Gold and Silver. OP is in one camp. I am in the other. Both investors have completely different motivations. Holding PMs physically is a completely different ballgame (considerung the premiums alone).
Disclosure: I own physical gold and silver. I am constantly replenishing and adding to my portfolio. I will continue to buy because I do not trust paper money and I do not trust paper receipts. I do also invest in stocks and bonds, but only short- and midterm.
I also do not trust anyone anymore,
so, btc, PMs, cash and real estate are my preferred choices,
I currently do not own only real estate
it is the only thing of the above that has no allodial title to it
http://en.wikipedia.org/wiki/Allodial_titlebut problem is that cash and PMs look too grim,
and I "have to" exit the stock market soon
cant put it all into btc

in case of a monetary reform and/or a war and/or a new government real estate isn't the "best" of the options since you cannot move it, hide it... but it WILL BE TAXED!