Posted on 05/11/2010 1:20:44 PM PDT by steve0
(Where are all the liberal media articles about how Glenn is overhyping gold? Glenn's Goldgate?)I will never support Glenn Beck again!!! On his advice and the advice of people on his show, I bought gold at less than $800.00 an ounce. He began hyping Gold in 11/20/2007 and earlier. 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%.
(# 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.
I invested in stocks after the last crash and my portfolio is up about 40% since then, plus dividends.
Good thing liberals read the media and didn’t buy any Gold.
Gold company stocks? :-)
What financial crisis? The US has plenty of dollars and can always print more.
“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.
Those have been on fire lately. Even went up when the market did its 1000 point gyration day last Thursday.
I’ve got an oil company, an agribiz, nat gas, consumer health care, consumer brands, and a payroll company.
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!”
Woops my return was approximately: 65% and counting.
I bought gold at less than $800.00 an ounce. He began hyping Gold in 11/20/2007 and earlier. Now gold is “dropping” like a rock and I can only sell my Gold for $1,223.70 a percentage increase of only 65%.
Imagine if they’d started listening to Savage when he was touting gold in 2003...when it was less than $400/ounce.
G. Gordon Liddy told me the same thing. I should have listened.
“The Jerk Store called, and they are all sold out of you!”
“Really, I heard you were their all-time best seller!”
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.
Yup Neo. My precious metal mutual fund is up about 45% in the past year.
I am sure the NYT and other loser lib papers will wring their hands about Savage et al. after gold peaks again soon. Do you have a link to document Savages sales pitch back in 2003? I hope all the liberals heeded the liberal medial warning about the gold hucksters and dumped their entire gold holdings, ha ha. Thanks.
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