Who is Laughing Now??

Over the last year I have been touting the fact that Gold via the SPDR Gold ETF (NYSEArca: GLD) was Penn Financial Group's largest holding.

This was met with the usual responses:

"You are too late to make money in gold and precious metals"

"The bubble is about to burst"

"The commodity trade is over"

"Are you some type of conspiracy theorist that thinks the world will end?"

"No investor will hold gold for the long-term"

All were very witty comments, however all were untrue. And in the last year Gold has risen from $1125/ounce in mid-April to over $1465 today. Silver in the meantime has more than doubled in the last 12 months.

I am not here to brag, but I am here to make a point that is important in investing. When everyone thinks you are wrong and they attempt to call the top of a trend - you are typically the one that is correct. No matter how hard it is to be the minority, it often pays in the end. When is the last time the masses made lots of money?? Exactly!!