Money Morning’s Keith Fitz-Gerald brings us a sobering look at investing in gold. If there is a moral to the story, it’s that nothing is what it seems anymore – not even gold.

Keith Fitz-gerald (Whiskey & Gunpowder):
Everything we know about classic economic theory suggests the U.S. economy should be experiencing Zimbabwe-like hyperinflation right now, thanks to the nearly $2.2 trillion the U.S. Federal Reserve has pumped into the system.

Keith Fitz-Gerald (Money Morning):
With all the financial woes in the global economy, the worst thing an investor can do is to “freeze up.” With all the ups and downs in the market, it’s all too easy for investors to allow their emotions to take control. That’s when the smallest mistakes turn into the biggest mistakes.

The folks over at the Oil Drum have done an interesting analysis of oil prices and where they might be headed.

Royal Dutch Shell Chief Executive  has weighed in alongside OPEC, claiming that there is no shortage of physical oil supplies, and the crude oil prices should drop.

“As the post-Memorial Day hangover lingers, and $4 per gallon gasoline becomes a national reality, expect more and more daily energy prognostications,” says William Patalon III in Money Morning.

Money Morning Investment Director Keith Fitz-Gerald is currently leading an investment trip through China, taking in that country’s scenery, as well as its investment opportunities.

The People’s Republic of China: When Asia expert Keith Fitz-Gerald first returned to this country a week ago, he was overwhelmed by a single impression.

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The Kingdom of Saudi Arabia is the world’s leading petroleum exporter. Officially, it has reserves of about 260 billion barrels of crude oil – approximately 24% of the world’s total proven petroleum reserves.

Dollar plunges to another low. U.S. inflation numbers worse than expected…which rising prices are hurting wholesalers and consumers alike. Chris Mayer with an update on the biggest untapped oil patch in the lower 48. In 2007, hedge fund managers earned billions.