1. Rick Rule: Get involved in the resource sector

Many of the people I've spoken to recently have emphasized the importance of simply being involved in the resource space right now, especially gold and silver. Of course, veteran investor and speculator Rick Rule of Rule Investment Media may have said it best: "If you believe in a bull market in precious metals and commodities ... start by investing."

2. Brien Lundin: Don't sell your mining stocks too soon

Brien Lundin of Gold Newsletter made a similar point, saying that we're staring down a "generational opportunity in junior mining stocks." In terms of what to avoid, he said now isn't the time to give up.

3. Gwen Preston: Get gold exposure now, wait on base metals

Gwen Preston of Resource Maven also commented on how crucial it is to have exposure to gold right now, but said she's exercising caution when it comes to base metals. In the energy sector she sees a lot more room for uranium to move.

4. Jeff Clark: Look for juniors with cash and catalysts

In terms of how to identify companies with potential, Jeff Clark of TheGoldAdvisor.com said he's looking for stocks with the two Cs: cash and catalysts. He also described a strategy he uses to weed out stocks in his portfolio that he may need to sell — "What if I told you that you had to cut your portfolio in half?" he said.

5. David Morgan: Own precious metals, but don't forget to diversify

Finally, silver guru David Morgan of the Morgan Report said that while precious metals are a key portfolio component, investors should remember to stay balanced — 10 percent is more than enough for most people.