I am less concerned about the POG. I don't hold the physical metal and never would ...
If there is a complete financial armageddon, the last thing I want buried in my backyard is gold ...
Assuming we don't get that and gold remains high over the next several years, even at current levels, more money will be made owning gold producing stocks ESPECIALLY now that companies like Barrick have dehedged.
During the 1930s when markets were tanking and owning gold bars was illegal, the 2 largest gold companies in north america grew by over 500%. IMO with gold this high the leverage gained by owning gold proucers far outweighs the implied safety of owning physical gold.