Bullion would have to go up significantly, like a 20% rise from here to make any "real" money from an investment point of view. The dealers are the only ones making money. They sell to you over spot, then buy under spot. Best thing is, keep buying in small quantities when the price dips like today. PMs will go up in next recession... it will happen "eventually".
I don't look at PMs as an investment and I surely would not trade (sell) any for some worthless pieces of paper. I see them more like insurance or guns or a well stocked pantry. They are protection from the unseen, the worst case scenario or even just a "bump in the road".