Skip to comments.Gold Bugs Are Tea Party Supporters And People Who Are Underwater On Their Homes
Posted on 03/26/2013 2:13:42 PM PDT by blamEdited on 03/26/2013 2:55:10 PM PDT by Admin Moderator. [history]
CNBCs latest All-America Economic Survey of 800 Americans, showed that gold is the most preferred asset class among investors.
35 percent think gold is the best investment as of March 2013, down from 37 percent last year. Real estate and stocks came in second and third respectively.
But CNBC broke the data down further to see who the gold bugs are.
This showed that those with underwater homes (when homeowners owe more on their mortgages than their home is worth), those with a high school education or less, those with under $50,000 invested, and the white working class were at about 40 percent.
Tea party supporters were at 45 percent, and those who expect home values to decrease further were at 50 percent.
Watch the video at CNBC
Gold bug ping.
Too bad. I already own it all. Suckas. *SMIRK* :)
P.S. Proud to be associated with all of ‘those types’ CNBC appears to be snearing at, LOL!
I don’t fit that profile, so what am I?
>>> those with underwater homes (when homeowners owe more on their mortgages than their home is worth), those with a high school education or less, those with under $50,000 invested, and the white working class were at about 40 percent.
I haven’t checked out the linked source, but I read the CNBC article.
The above statement seemed strange. All those ‘conditions’ came in at about 40%, so the opposite of the stated would be at 60%, a majority, no?
I’ve got a bit and some silver. Perhaps not enough but twice what I had ten years ago.
CNBC now does a daily “we hate gold” segment....mouthpieces for B&B (Buffet and Bernanke).....
Basic message is you are a fool if you invest in gold...
They can call me anything they want; I’m laughin’ all the way to my bunker. :)
I’ve just started to notice that those of us that
invest in hard assets (land, G & S, ammo, canned goods, paid of vehicles and homes, generators) are clearly now Enemies of the State.
I’m not here to be liked by idiot socialists. If they’re yappin’ about us, we’re obviously getting under their skin. And, good. :)
I remember all those after-midnight kook commercials a decade ago telling us to invest in gold. But I was smarter...I put my money in the market. LOL.
Do they count gold teeth??? Grills in the vernacular.
My buds and I buy LEAD so we can take their gold.
Gold has been the most stable repository of real wealth for the last ten thousand years, but I'm supposed to believe that a bunch of talking heads and their 'expert' experts know better.
Lemme see......umm, nope.
Me too. Art Bell used to run commercials about buying gold when it was around $300 an ounce.
Like you, I was too smart to listen to Kook 2 Kook (dammit).
All 250 million just died laughing!
What a dumb survey analysis. Just reverse all his numbers for a taste of reality. This isn’t a news piece, but propaganda.
Yea, we knew the EXPERTS understood things much better than the nutcases...and we paid the price.
My brother is a screaming liberal who until recently owned 3 houses and none of them were rented out. He sold one of them and paid off his newest home and he is a real gold and silver bug. He he, I know where he keeps it.
OMG I am so glad they let me know about gold. I will just keep my money in my bank account located in Cyprus.
I heard 80% of those who lost their guns and ammo in Canoe accidents where gold and silver holders too...../s