From Bill Bonner’s Diary (USA) – Doug Casey and I have been telling people for years that gold is not an “investment.” It’s money… the oldest and most enduring form in history. We own it for prudence – for wealth protection, as you say.
The gold stocks are speculations. We buy them for wealth creation. Each person has to determine his own mix based on his own priorities (wealth protection vs. creation) and risk appetite.
As for when to buy… buy on the dips and corrections, of course. Buy low.
But here’s the most important thing for investors to understand: