(# Glenn Beck's flawed gold standard - Los Angeles Times Dec 9, 2009 ... Radio and TV host Glenn Beck likes to talk about the potential collapse of the American economy. He also likes to talk about buying gold as ... articles.latimes.com/2009/dec/.../la-et-onthemedia9-2009dec09 - Cached - Similar # Glenn Beck's gold-gate problem - Yahoo! News)
This is a repeat from http://www.freerepublic.com/focus/f-news/2404125/posts
I’ll never forget what a good family friend told me what he did on 9/11.
He called his wife and college age son to make sure they were ok.
Then he put as much money as he could into gold.
Those poor people are only up 50% the poor things.
When instead they could be down at least 20% in the stock market.
“Now gold is dropping like a rock and I can only sell my Gold for $1,200.80 a percentage increase of only 43.5%.”
...don’t sell...you’ll be paid in dollars and their weakness is the reason to buy gold in the first place.
lol
43.5% return, that is so sad.
:)
“The Jerk Store called, and they are all sold out of you!”
“Really, I heard you were their all-time best seller!”
Imagine if they’d started listening to Savage when he was touting gold in 2003...when it was less than $400/ounce.
Gold has historically (over past 200 years) been a very poorly performing asset in comparison with financial assets like stocks and bonds. It is also quite volatile. Generally with any commodity investment one should only expect a long-run return equal to the rate of inflation, or about 3% give or take.
Yeah, but the fascist government will just confiscate it all just like FDR did, so NAH! At reasonable price of course.
me too - and he even made me double up with junk silver and roos.
The pathetic hacks at MSNBC hammered Beck relentlessly on this last year. Crickets since.
800? Late to the party!
Man, you got so screwed. (congrats! :)
I think part of the new financial overhaul should include oversight of Glenn Beck since he’s acting as an “investment advisor”. I’m surprised Clod Dodd isn’t trying to incoporate that into the bill.
Where do I get in line for Glenn’s investment advice again?
I hyped gold in 1999. Gold was under $300.
But you are supposed to be BUYING gold now, not selling it.
In fact, you are NEVER EVER supposed to sell gold. Have you EVER heard someone in the gold business tell you to sell your gold? No, because you aren’t supposed to sell it.
If Glenn Beck told you to jump off the Golden Gate Bridge, would you do it?