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Gold Bugs Are Tea Party Supporters And People Who Are Underwater On Their Homes
TBI ^ | 3-26-2013 | Mamta Badkar

Posted on 03/26/2013 2:13:42 PM PDT by blam

Edited 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


TOPICS: News/Current Events
KEYWORDS: commodities; gold; goldbugs; investing; silver; teaparty

1 posted on 03/26/2013 2:13:42 PM PDT by blam
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To: Jet Jaguar

Gold bug ping.


2 posted on 03/26/2013 2:14:07 PM PDT by blam
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To: blam

Too bad. I already own it all. Suckas. *SMIRK* :)


3 posted on 03/26/2013 2:16:28 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: blam

P.S. Proud to be associated with all of ‘those types’ CNBC appears to be snearing at, LOL!


4 posted on 03/26/2013 2:17:37 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: blam

I don’t fit that profile, so what am I?


5 posted on 03/26/2013 2:23:44 PM PDT by razorback-bert (I'm in shape. Round is a shape isn't it?)
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To: blam

>>> 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?


6 posted on 03/26/2013 2:29:07 PM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: blam

I’ve got a bit and some silver. Perhaps not enough but twice what I had ten years ago.


7 posted on 03/26/2013 2:33:19 PM PDT by muir_redwoods (Don't fire until you see the blue of their helmets)
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To: Diana in Wisconsin

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...


8 posted on 03/26/2013 2:35:19 PM PDT by NOVACPA
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To: NOVACPA

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. :)


9 posted on 03/26/2013 2:44:21 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: blam

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.


10 posted on 03/26/2013 2:52:32 PM PDT by BobL (Look up "CSCOPE" if you want to see something really scary)
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To: blam

Do they count gold teeth??? Grills in the vernacular.


11 posted on 03/26/2013 2:55:22 PM PDT by King Moonracer (Bad lighting and cheap fabric, that's how you sell clothing.....)
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To: blam

My buds and I buy LEAD so we can take their gold.


12 posted on 03/26/2013 2:59:27 PM PDT by Renegade
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To: NOVACPA
...mouthpieces for B&B (Buffet and Bernanke)..... Basic message is you are a fool if you invest in 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.

13 posted on 03/26/2013 3:02:24 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: BobL
I remember all those after-midnight kook commercials a decade ago telling us to invest in gold.

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).

14 posted on 03/26/2013 3:04:50 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: blam

All 250 million just died laughing!


15 posted on 03/26/2013 3:12:08 PM PDT by STD ( Intellectuals, they are a wrecking crew, dismantling civilization)
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To: blam

What a dumb survey analysis. Just reverse all his numbers for a taste of reality. This isn’t a news piece, but propaganda.


16 posted on 03/26/2013 3:12:31 PM PDT by 1010RD (First, Do No Harm)
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To: Windflier

Yea, we knew the EXPERTS understood things much better than the nutcases...and we paid the price.


17 posted on 03/26/2013 3:54:43 PM PDT by BobL (Look up "CSCOPE" if you want to see something really scary)
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To: blam

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.


18 posted on 03/26/2013 3:58:34 PM PDT by tiki
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To: tiki

OMG I am so glad they let me know about gold. I will just keep my money in my bank account located in Cyprus.


19 posted on 03/26/2013 4:29:19 PM PDT by jimpick
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To: Diana in Wisconsin

I heard 80% of those who lost their guns and ammo in Canoe accidents where gold and silver holders too...../s


20 posted on 03/26/2013 6:00:50 PM PDT by M-cubed
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To: M-cubed

Sadly, we are. I had to sink my boat as well. *SMIRK*


21 posted on 03/26/2013 7:09:08 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...

Goldbug ping.


22 posted on 03/27/2013 9:43:18 AM PDT by Jet Jaguar
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To: blam

I was ridiculed for years when I was on a retirement fund committee for telling them them there was going to be a gold and sivler bull run. After awhile they stared at me when I would talk metals. Of course, whenever there was a dip they would gleefully point it out to me.


23 posted on 03/27/2013 9:54:28 AM PDT by Rusty0604
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To: Diana in Wisconsin
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.

It was made obvious with the 'bitter clinger' comment and has been going full force ever since.

They think their nasty diatribe will somehow subdue us. Little do they know they are just firming our resolve.
24 posted on 03/27/2013 10:04:11 AM PDT by yorkiemom
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To: blam
Best investment advice I ever got!

You can can always trust the 5-G's ...


25 posted on 03/27/2013 10:39:40 AM PDT by Zakeet (4 out of 3 people have trouble with fractions)
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To: Diana in Wisconsin

God guns guts....and canned food...... and many fresh veg from your (99%) organic garden. we will soldier on through the coming dark ages. But I have more fruit trees planted than you do.


26 posted on 03/27/2013 2:23:30 PM PDT by dennisw (too much of a good thing is a bad thingGive them --- Joe Pine)
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To: Diana in Wisconsin

Dang!!!!!! My PMs also went into the incalculable deep when my bass boat tipped over which I thought they could not do until that horrendous day in June 2009...still gives me nightmares!


27 posted on 03/27/2013 2:27:29 PM PDT by dennisw (too much of a good thing is a bad thingGive them --- Joe Pine)
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