Gold & Silver: Take the Money and Run!

(Originally published March 3, 2011 at

I’ve been investing for over twenty years, and one of my fortes has been the ability to remove myself from the emotion of an investment market and judiciously buy and sell based on reality, not based on fear or greed. Junk bonds in ’89 and ’91; U.S. Treasury bonds in ’95; European stocks in the mid-90’s; tech stocks in the late 90’s; oil, real estate, gold & silver in the last decade — I either sold high or bought low, but never the opposite.

There are investments, and then there are gambles. You know the difference between the two when every investment magazine and website is touting the same financial asset; in this case, gold and silver. When every Harry, Dick and Jane owns the same asset, it is time to get out. Didn’t we just learn that lesson with real estate? And how many months later did everybody start repeating that mistake with precious metals?

“But it’s different this time!” Only a novice speaks like that, and it is always the novice investor who gets caught holding the bag when the investment du jour finally starts to fall. Mutual fund managers have seen markets rise and fall. They know how to handle frighteningly high markets. So do investment firms, and pension fund managers, and families with generational wealth. They will all sell their gold and silver before novice investors do, and that will drive the price down….way down. And the novice will appear as a deer in the headlights, looking back at the profits which just disappeared, and wondering how on earth they salvage their investment.

I already cashed in my gold and silver gambles. I am not greedy. I am happy that I made money in them. I have never looked back to see what price I sold at and whether the price went even higher. It’s a moot point. People gamble to make quick money. If it works, God bless them. If it doesn’t work, they get spanked, don’t they? And hopefully, they will learn lessens from their forays into the financial markets, so that the next time the investment du jour goes up a ridiculous amount, they are wise enough to take the money and run.

Happy investing!

Crista Huff


Goodfellow LLC is a subscription-only stock market website. We strive to identify financially healthy companies in which traders and investors can buy shares and earn dividends and capital gains. See disclaimer for the risks associated with investing in the stock market. See your tax advisor for the tax consequences of investing. See your estate planning attorney to clarify beneficiary and inheritance issues associated with your assets.


Investment Disclaimer

Release of Liability: Through use of this website viewing or using you agree to hold and its employees harmless and to completely release and its employees from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur.

Goodfellow LLC and its employees are not paid by third parties to promote nor disparage any investment. Recommendations are based on hypothetical situations of what we would do, not advice on what you should do.

Neither Goodfellow LLC nor its employees are licensed investment advisors, tax advisors, nor attorneys. Consult with a licensed investment advisor and a tax advisor to determine the suitability of any investment.

The information provided herein is obtained from sources believed to be reliable but is not guaranteed as to accuracy or completeness. When information is provided herein from third parties — such as financial news outlets, financial websites, investment firms, or any other source of financial information – the reliability or completeness of such financial information cannot be guaranteed.

The information contained on this website is provided for informational purposes only and contains no investment advice or recommendations to buy or sell any specific securities. This is not an offer or solicitation for any particular trading strategy, or confirmation of any transaction. Statements made on the website are based on the authors’ opinions and based on information available at the time this page was published. The creators are not liable for any errors, omissions or misstatements. Any performance data quoted represents past performance and past performance is not a guarantee of future results. Investments always have a degree of risk, including the potential risk of the loss of the investor’s entire principal. There is no guarantee against any loss.

Leave a Reply

Your email address will not be published. Required fields are marked *