what do you make of this, page-24

You make some good points flats in regards to hyperinflation and holding paper (american paper) at our peril. Realistically though if there is hyper inflation wouldnt the massive returns on silver only be in $USD hyper inflated terms? Converting it back to our currency being $AUD would the returns really be that substantive?

This still doesnt answer the question about what happens if/when GFC2 hits (which is a big part of many internet silver bugs theory) to demand as surely global industrial demand for silver would decline. This would have to have a similar downwards impact on the silver price regardless of paper or physical.