Comment: What is the difference between investing and speculating?

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What is the difference between investing and speculating?

Isn't the general concept of investing using money today in "hopes" that it will bring more money in the future?
I wasn't questioning the speculating part of your comments, as much as the bubble comments.
I still contend that we are in a bull run, not a bubble, and there is a difference between those.
Touche on the speculation symantics. The point I was trying to make was that, I believe, people are questioning currency and demanding physical metal for protection, much more than just trying to make a buck through speculation.

"You are not what you think you are, but what you think............. you are".
-Earl Nightingale