<<"You can never go broke taking a profit...">>
You can if you take your profit in dollars, that are going over Niagara Falls with no bottom in sight.
Update this gem of a chart by sending gold up to 800, and the dollar down to 76.
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
~~Ludwig von Mises