Both Zeal Intelligence and Chris Johnston, to whom I pay membership fees, recommend waiting to buy gold. Zeal’s newsletters in particular go into great detail on gold – this last rally will fall back too, just as the othes. They are waiting for gold to go back down to $560, which should be in the fall. Patience is key in investing, as Chris mentioned before. Although I am nervous not owning any gold, I am going to be patient and take the advice of these people whom I trust. The rally in gold is not sustainable; it will climb, but the slow gradual climb lasts; the quick rallies end up falling back and I don’t want to buy on one of those temporary rallies. Zeal explains it all so well, and I am convinced now to wait.

I think oil is more valuable than gold though. Our economy is so dependent on cheap oil. High oil prices, or no oil would cause a depression. We need oil as badly as food and water. gold is secondary to gold, that’s for sure. I am going to buy more oil and natural gas stocks, as recommended by Zeal,but this is going off topic.

the main point is to diversify, since we don’t know the future.