There is a pretty good chance that gold could rise further, even though it has come off its all-time high. I set out some of the reasons why I think that it is still too early to write off the yellow metal just yet in this recent commentary on Channel News Asia. But – and here is the big but – I won’t be buying any. I won’t be rushing out to fill my safe-deposit box with gold coins and gold ingots any time soon, or ever at all. Thing is, just because something has been rising, and could even continue to climb to fresh highs, is not a good reason to jump on the gilded bandwagon. As investors, we need to be true to our principles. One thing that I am not great at is speculating. What’s more, I am sceptical of those who claim that they are successful at doing so, sustainably. In fact, speculation is often most dangerous when it looks easiest....