Glenn Beck is ripping off his libertarian/tea party listeners with gold

[HeXploiT]

Gold is a fantastic investment but if you're buying it from advertisers on tv then chances are you're getting ripped off.

 

[her209]

Gold is a fantastic investment but if you're buying it from advertisers on tv then chances are you're getting ripped off.

Well, they are used to it watching Fox News and all...

*rimshot*

 

[HumblePie]

Wow, thanks for the heads up on this. Not that I personally would ever buy gold for investment though. I just have a friend who is a "teaparty" kind of guy and religiously watches the fox network and the shows like ORielly and Beck. We are still good friends even I think most of the news "shows" on fox are crap like Becks, and so I don't want him losing money over something stupid like this. Knowing him as I know him, he would do this. Actually, he's doing a class right now or something like it for his "finances" and trying to fix them or something. Sometimes tells me he might have already been suckered in so I need to call him as soon as I'm done with this post!

 

[QuantumPion]

It's funny that you make this post. I don't listen to Beck's radio show but occasionally hear the end of his program before the news at lunch. I was just thinking today that every time, he is talking about how the world financial system is on the verge of collapse, that there's secret taxes and laws to confiscate gold, and that to protect yourself you should buy gold now (from his affiliated company).

This I think makes him look extremely shady. For example, Rush (whom I listen to frequently) clearly lets you know when he is making a sponsor advertisement, and it's always for something like sleep number beds or some such that is not at all related to the topic of his show. Beck on the other hand really does seem to be playing on peoples fears for his own gain in an unscrupulous way.

 

[Zebo]

The problem is, both beck and the company use shady tactics to sell this. If Beck was such a true believer in gold, he would be advocating buying bullion, or better yet, buying gold certificates (where they don't even have to ship it to you). They market these as an investment, but as soon as you buy it, you lose 63%. What kind of investment is that.

If grid goes down like he thinks certificates won't be worth paper they are written on. Physical gold in hand will be needed to trade.

Gas, Grass or Gold no one ride for free.

 

[Phokus]

If grid goes down like he thinks certificates won't be worth paper they are written on. Physical gold in hand will be needed to trade.

Gas, Grass or Gold no one ride for free.

If it gets to that point, even gold that you're hoarding in your house will be worthless and we'll basically be surviving on canned goods and hunting for food.

 

[Zebo]

If it gets to that point, even gold that you're hoarding in your house will be worthless and we'll basically be surviving on canned goods and hunting for food.

There will always be some economy and gold is more convenient in trade than trading an engine block for 15 rabbits. Plus it holds value world wide and is a store of wealth dollar may not.

 

[CallMeJoe]

If grid goes down like he thinks certificates won't be worth paper they are written on. Physical gold in hand will be needed to trade.
Gas, Grass or Gold no one ride for free.

The original bumper sticker was Gas Grass or Ass.

In the big SFTF, the most precious metal will be lead with a partial copper jacket.

 

[Ronstang]

There will always be some economy and gold is more convenient in trade than trading an engine block for 15 rabbits. Plus it holds value world wide and is a store of wealth dollar may not.

Gold is a terrible investment except for the large investors which have been holding gold for a long time. It is these people who are driving up the price and when it gets good enough for them to exit they will do so quickly creating a free fall in gold prices. They will then buy back all the gold when it hits the basement.....rinse and repeat.

If things get bad enough that gold is the only way to buy goods then someone is simply going to take your gold from your cold dead hands. Guns and bullets will trump all.

 

[Craig234]

Two things:

Liberal radio commentators have been pushing gold a lot too. I suspect it's not the same company, though.

Gold has been an amazing investment the last decade, but it has appeared to be a bubble for most of it - just one that has not burst, surprisingly.

I do hold these political commentators to a higher standard than 'it's ok to hawk anything that offers payment'.

They aren't just saying 'here's a company' in the ads, they're also saying how they think gold is a good investment, how their money is in it, etc.

 

[sandorski]

Gold is a fantastic investment but if you're buying it from advertisers on tv then chances are you're getting ripped off.

If you bought it many years ago. If one did that and they haven't Cashed out by now, they're simply bad Investors.

 

[Zebo]

Gold is a terrible investment except for the large investors which have been holding gold for a long time. It is these people who are driving up the price and when it gets good enough for them to exit they will do so quickly creating a free fall in gold prices. They will then buy back all the gold when it hits the basement.....rinse and repeat.

If things get bad enough that gold is the only way to buy goods then someone is simply going to take your gold from your cold dead hands. Guns and bullets will trump all.

Zimbabwe, Wiemar republic, Argentina or anyplace else the money became worthless gold was still used and preserved peoples wealth. They also had order, as order is not a problem when it's basically shoot to kill for any crime inducing trespassing.

 

[Zebo]

If you bought it many years ago. If one did that and they haven't Cashed out by now, they're simply bad Investors.

I know people buying by the 60 lb box (not from money-line tho). Think it will go to $25,000+... They are millionaires so probably not idiots.

 

[JS80]

Let's boycott Best Buy sponsors because they rip you off on selling high margin monster cables!

 

[sandorski]

I know people buying by the 60 lb box (not from money-line tho). Think it will go to $25,000+... They are millionaires so probably not idiots.

If they're thinking $25k, yes, they are Idiots and won't be Millionaires for long. Mark my Words.

 

[Zebo]

If they're thinking $25k, yes, they are Idiots and won't be Millionaires for long. Mark my Words.

okay i will. Personally I don't screw with it because I can't afford to.... need to spend money on things that provide cash flow. But knowing how boxed in govt is, it's obligations, it's yearly growing deficit they will start printing which results in hyperinflation.

 

[Kappo]

I like the food bank backpacks and freeze dried seeds better. If I were a fatter man I would chortle when I heard those.

 

[Throckmorton]

Let's boycott Best Buy sponsors because they rip you off on selling high margin monster cables!

If Anand Lal Shimpi endorsed Monster Cables I'd boycott him.

 

[Zebo]

Let's boycott Best Buy sponsors because they rip you off on selling high margin monster cables!

That's a worse crime than moneyline. I needed a dvi to hdmi conveter to watch world cup on big screen TV from laptop feed and it was $49 @ BB vs. $4 at newegg. at least 1000% markup

 

[IndyColtsFan]

That's a worse crime than moneyline. I needed a dvi to hdmi conveter to watch world cup on big screen TV from laptop feed and it was $49 @ BB vs. $4 at newegg. at least 1000% markup

Is that the next "bubble"? Monster cable investment?

 

[Zebo]

Two things:

Liberal radio commentators have been pushing gold a lot too. I suspect it's not the same company, though.
.

Math doesn't cotton to party affiliation.

 

[Lemon law]

I see my anti-ripoff strategy is working. Even if I do not bother to listen to Glen Beck, I sometimes, when I feel somewhat self masochistic, I do listen to ole Rush, who also is partly sponsored by gold peddlers.

If nothing else, in my failure to pass remedial conservative studies, I have vowed to never never never ever buy anything from any entity that sponsors Rush Limbaugh.

So thank you Rushbo, for alerting me to path the temptation of buying Gold.

 

[jpeyton]

What's the problem?

Fern

That's what I was thinking.

If you're stupid enough to listen to Beck, you deserve to get bent over and pounded by Goldline.

One more tea party dollar spent on grossly overpriced antique gold coins is one less dollar spent on election campaigns.

 

[Darwin333]

Gold is a fantastic investment but if you're buying it from advertisers on tv then chances are you're getting ripped off.

Just about anything is a fantastic investment if you time it perfectly, other than that what makes gold so fantastic?

There are insanely better inflation hedges that don't require you to risk damn near ALL of your capital and if everything goes "boom" I would much rather have lead then gold. So purely from an investment point, why is it so great?

 

[Dissipate]

Richardson suspects he's not the only Goldline customer who didn't know what he was getting into. "I ain't got no college degree or nothing, but some of these older people think they're investing in gold, but you're not. You're investing in coins," he says.

Does it take a college degree to do a google search? There's a sucker born every minute...