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

[Darwin333]

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.

Gas and lead are much more valuable in that scenario. Gold just makes you a target, especially bullion and coins. Gold jewelry (chains, bracelets, etc) aren't bad for "trading" but if you show up somewhere with gold bullion or coins then quite a few people with a bunch of cheap lead will be following you home. Regardless of how well you are prepared, that is not a good situation to be in.

You can be friggen Rambo for all its worth, one guy who is a decent shot with a shitty rifle from a rooftop is all it takes.

Besides, during Katrina gas was literally more valuable than gold. You couldn't sell a gram of that gold but you could get ANYTHING for fuel. I actually got a gold ring that I sold just last year for $240 on CL for 2 gallons of gas, I didn't want to give up those 2 gallons but everything has a price. I had a guy who offered to let me "borrow" his wife for gas (no way in hell I was making that trade). A whole lotta people think that 5 gallon gas can is going to keep that shiny new generator running for as long as they need it to or they can get out of town afterward on that single tank of gas. They are wrong and when it quits running they get real desperate real quick.

If you are "investing" for SHTF then fuel is king, period. You hoard all the gold you want to but I guarantee I end up with more gold in the end with my gas that is currently worth 1/1000th of what your gold is.

 

[*kjm]

If you are "investing" for SHTF then fuel is king, period. You hoard all the gold you want to but I guarantee I end up with more gold in the end with my gas that is currently worth 1/1000th of what your gold is.

I would put my one tank of gas to get out of town and ammo and food up against any amount of fuel you can store.

 

[sandorski]

I would put my one tank of gas to get out of town and ammo and food up against any amount of fuel you can store.

The better solution is to have a contraption that can produce Ethanol. Preferably from Wood or other common Plant Material.

 

[Darwin333]

I would put my one tank of gas to get out of town and ammo and food up against any amount of fuel you can store.

Depends on the situation, but in long term SHTF you are absolutely correct. Its "bug out" time not "bug in". My family owns 1/3 of a nice farm in Missouri that I could always bug out to but I don't things are going to get that bad for that long. A few weeks, maybe a few months at worst is the "reasonable" worst case scenario in my book. Anything longer and all the preps in the world won't matter much.

Of course I don't live in the city either. The point is, even where you are going fuel will be king. It is one of the necessities but the absolute hardest to find when shit goes real bad. You can get food and water a number of ways but fuel has to be produced and brought to you. It simply does not exist when the SHTF (even in a very small SHTF scenario) whereas just about everything else does, for a price of course. Fuel is damn near priceless.

 

[JSt0rm]

I had a guy who offered to let me "borrow" his wife for gas (no way in hell I was making that trade).

I woulda taken that deal and then trader her off to someone else for something better.

 

[Moonbeam]

Conservative talk show hosts exist to serve up the brain dead to ad scammers.

 

[cubby1223]

Hmmm, Phokus seems a bit late to the party, this subject has been around and forgotten since a long time.

 

[cubby1223]

I also have to say that I officially don't "get it"...

Everyone is able to go on to google and find what the trading price of gold is. Then they can look at what Goldline charges, then decide to buy or not to buy.

But, this involves someone who's political opinions are at odds with "the left" - is there anything of actual substance to this issue? Something more than just partisan bickering?

 

[cubby1223]

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

The shock and horror of it all! You do know this has been going on since, well, since the dawn of advertising. Remember those tv news broadcasts in the 1950's where the news anchor after delivering the main story of the day, pulls out a cigarette, lights it, smokes it, and tells the audience about all the greatness of his favorite brand of cigarettes?

No? My bad, you're right, advertising was invented by the evil Fox News, everyone knows this.

 

[Craig234]

The shock and horror of it all! You do know this has been going on since, well, since the dawn of advertising. Remember those tv news broadcasts in the 1950's where the news anchor after delivering the main story of the day, pulls out a cigarette, lights it, smokes it, and tells the audience about all the greatness of his favorite brand of cigarettes?

No? My bad, you're right, advertising was invented by the evil Fox News, everyone knows this.

You're an idiot.

Show me Walter Cronkite saying 'I think gold is a great investment for you now' as an ad.

There aren't that many people on tv and radio who are there as 'trusted commentators', and there's a line between their doing an ad, and personally recommending an investment.

There's a big difference between 'this gold seller gives you a good deal' and 'I'm convinced that gold is a great investment, and here's a company'. Not that an idiot gets the point.

 

[BoberFett]

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

Are you saying I shouldn't have sold everything I own and invested in a truck full of monster cable?

D:

 

[boomerang]

I also have to say that I officially don't "get it"...

Everyone is able to go on to google and find what the trading price of gold is. Then they can look at what Goldline charges, then decide to buy or not to buy.

But, this involves someone who's political opinions are at odds with "the left" - is there anything of actual substance to this issue? Something more than just partisan bickering?

It all started when Congressman Weiner decided to take on Beck. It's juvenile, but one look at Weiner and it should come as no surprise to anyone.

The whole thing has gone nowhere, but for people like Phukus, it lives on.

Beck is the one biggest force throwing monkey wrenches in the gears of the progressive agenda. They'll desperately grab at anything in an attempt to bring him down. Instead of defending or even explaining their agenda, they attempt to marginalize someone pointing out what it is they're doing. That should tell you all you need to know.

 

[Lanyap]

It's no surprise. You know how all those conservative/republican/christian/teaparty people that watch FOX are dum and can't think for themselves. It takes a true liberal/progressive to show them the light.

 

[bamacre]

This is actually rather old news.

http://www.youtube.com/watch?v=tjqD33ibJsc

 

[Red Dawn]

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

Well better them than those with common sense. Of course those that have common sense wouldn't be buying that product or be a avid listener/follower of that loon.

 

[DaveSimmons]

Another bit of irony is that Beck-bashers say he's scamming the rugged individualists who are supposed to be self-reliant and responsible for their own actions. Perhaps thinking that some kind of nanny should protect them from sneaky Beck and those sales bullies.

As I said earlier, I consider endorsing a seller of overpriced gold to be unethical, but wouldn't his listeners claim to be too smart to fall for that?

 

[hal2kilo]

Another bit of irony is that Beck-bashers say he's scamming the rugged individualists who are supposed to be self-reliant and responsible for their own actions. Perhaps thinking that some kind of nanny should protect them from sneaky Beck and those sales bullies.

As I said earlier, I consider endorsing a seller of overpriced gold to be unethical, but wouldn't his listeners claim to be too smart to fall for that?

They watch Beck and think he has something to say. End of discussion.

 

[cubby1223]

It all started when Congressman Weiner decided to take on Beck. It's juvenile, but one look at Weiner and it should come as no surprise to anyone.

This story about Beck & Goldline existed much earlier than even when Weiner started thinking up congressional action on the subject.

 

[Doc Savage Fan]

Why are so many get their panties in a bunch about Beck supporting his primary advertiser. Glenn Beck steals souls for crying out loud!

 

[ultimatebob]

You would have thought that people would have learned their lesson from the tech stock bubble of the late 1990's or the housing bubble of the late 2000's, but apparently not. There are people out there still gullible enough to throw money at the next get rich quick scheme.

Tell me... are there any hedge funds out there that are shorting precious metal stocks? Now THAT is an investment I'd be interested in watching.

 

[bfdd]

I happen to think buying gold as an investment is a very bad idea, but there are many people who do believe all of that.

The only thing he's doing that I consider unethical is partnering with a company that is overcharging for the gold.

I don't understand the gold as an investment thing, I've always looked at it as a way to make your local currency, long lasting and global.

 

[werepossum]

I think gold is an excellent hedge if one has a lot of money in that it tends to go up when other investments go down, but it seems to me that gold is more a stable form of storing value than a profitable investment. Unless you buy low and wait for the next scare I suppose.

I also like how the article immediately makes this about race.

And now, with the economy limping along and a black Democrat in the White House, gold mania has gone mainstream. Gold prices hit a recent high last December and remained strong as the European debt crisis unfolded this spring. John Paulson, the hedge-fund giant who made billions bundling and betting against Goldman Sachs subprime mortgage securities, has invested heavily in gold, even starting a new fund devoted solely to it. A recent New York Times poll found that 1 in 20 self-identified Tea Party members had bought gold in the past year.

To progressives, there is no issue that doesn't go down better with a claim of racism.

 

[Fear No Evil]

Beck actually came to my house this afternoon and forced me to buy some overpriced gold. It was very odd, I didn't think he could make me do it.. but sure enough, I'll have my gold in the next 3-5 business days!

 

[lupi]

Looks to me like Beck is a lousy source for investment advice.

Fern

not really, i believe at times when doing the ads on the spot he mentions that he doesn't buy them as an investment but as security or something like that.

 

[CycloWizard]

I'm amused by the commentary about fuel, that it is some magical entity that is absolutely evil, but should be almost free for consumption most of the time, then instantaneously becomes a priceless necessity the moment something bad happens. Damn those oil companies and their black magic!