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Gold Bugs
National Review Online ^ | May 21, 2010 | Stephen Spruiell

Posted on 05/21/2010 6:12:43 AM PDT by danielmryan

Rep. Anthony Weiner (D., N.Y.) has uncovered a conspiracy between conservative talk-radio hosts and the gold companies that advertise on their shows. According to Weiner, the conservative talkers scare their listeners into believing that the government under Pres. Barack Obama is headed for insolvency, and that the U.S. dollar is headed for a period of intense instability. This makes the listeners want to invest in gold, which is what the advertisers are selling.

Weiner is only about five months late to this party. Prompted by Ken Vogel’s reporting in Politico, MSNBC ranter Keith Olbermann and Comedy Central’s Stephen Colbert have been on the case since last December, respectively ranting and making (admittedly funny) jokes about the symbiotic relationship between conservative talk radio and retail gold companies such as Goldline International.

But the involvement of a member of Congress adds a disturbing element to the plot. Weiner has issued a formal report condemning Goldline, called on federal agencies to investigate the company, and explicitly accused Beck and others of impropriety in their relationships with Goldline, insinuating — never proving, of course — that Beck’s criticism of the administration is at least partially motivated by a desire to scare up business for an advertiser.

(Excerpt) Read more at article.nationalreview.com ...


TOPICS: Business/Economy
KEYWORDS: anthonyweiner; fubo; glennbeck; gold; goldline; newyork; preciousmetals; weiner
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Spruiell goes on to point out that two big-money liberals have moved into gold for substantially the same reasons that Beck & Co have broadcast. He also points out that the "overvalued" coins Goldline sells are collectible semi-numismatic gold coins, not bullion coins.
1 posted on 05/21/2010 6:12:44 AM PDT by danielmryan
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To: danielmryan

The US mint sells silver coins valued at $7 for over $50 dollars.


2 posted on 05/21/2010 6:14:46 AM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: danielmryan

OK, so Greece and the Euro are crashing, there’s a volcano of oil gushing into the gulf that no one is talking about. North Korea has just sunk a South Korean destroyer with a torpedo and Iran says it can wipe Israel out in a week. Meanwhile the president applaudes Mexico’s government for flouting boarder laws in Arizona.

Precisely what are the Conservative Talk Show hosts adding to the present state of affairs to make one “any more motivated” to buy gold?


3 posted on 05/21/2010 6:15:10 AM PDT by johnnycap
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To: cripplecreek

4 posted on 05/21/2010 6:19:19 AM PDT by Dem Guard ("We're Coming to Take You Away")
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To: danielmryan

Beck has been a riot this week talking about Weiner.


5 posted on 05/21/2010 6:20:21 AM PDT by sauropod (Ill behaved women rarely make dinner.)
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To: danielmryan

yea... it’s all fictitious. there is no possibly the US will collapse... just because the USSR collapsed due to out of control spending, that would never happen here

http://www.usdebtclock.org/

just keep telling yourself that

meanwhile, for those who are not asleep or a dem shill...

http://www.gainesvillecoins.com/


6 posted on 05/21/2010 6:20:27 AM PDT by sten
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To: sauropod

weinerfacts.com


7 posted on 05/21/2010 6:21:45 AM PDT by NeoCaveman (we now live in a post-Obamapacolyptic world)
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To: cripplecreek

silver is $17.69 and ounce today.

You always pay a premium for minted coins regardless as to who produces the coin.


8 posted on 05/21/2010 6:22:18 AM PDT by Pontiac
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To: danielmryan

Democrats are such liars.


9 posted on 05/21/2010 6:24:22 AM PDT by GOPJ (...man was meant to be doubtful about himself, but undoubting about the truth-Gilbert K. Chesterton)
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To: sauropod

I guess Beck won’t be on Weiner’s wedding guest list?


10 posted on 05/21/2010 6:26:31 AM PDT by Dr. Ursus
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To: danielmryan

If Beck and Goldline actually are recommending people purchase collectible coins instead of bullion, eagles, or blanks, they’re doing those people a serious disservice.

If and when the SHTF those coins will be worth no more than their melt value.


11 posted on 05/21/2010 6:27:18 AM PDT by WackySam (To argue with a man who has renounced his reason is like giving medicine to the dead.)
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To: danielmryan
Ive been a gold and silver bug off and on since the 70’s but I'm sitting this run up out.
The reason is that thee big boys are not using gold as the traditional flight to safety but rather as a “risk management tool”
In other words in my judgment the run up is purely speculative and is not supported by any underlying basis in fact contrary to what the folks trying to get you to invest in gold want you to believe.
12 posted on 05/21/2010 6:28:47 AM PDT by montanajoe
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To: Pontiac

They can not hold down Gold and Silver much longer. It should be about 50 an oz. Obamabucks are shakey.


13 posted on 05/21/2010 6:30:07 AM PDT by screaminsunshine
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To: Pontiac
You always pay a premium for minted coins regardless as to who produces the coin.

That premium starts at about a buck and goes up to many multiples of the actual value of the metal. Unless you're collecting for collectings sake you shouldn't pay more than a dollar or two over spot price.

While I don't get to listen to Beck, I respect him, and I hope he's not advocating people buy collectable coins.
14 posted on 05/21/2010 6:35:28 AM PDT by WackySam (To argue with a man who has renounced his reason is like giving medicine to the dead.)
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To: danielmryan

Don’t ever, EVER buy gold or silver on paper. You need the real deal in your hot little hands, preferably in coins.


15 posted on 05/21/2010 6:40:09 AM PDT by Diana in Wisconsin (Save the Earth. It's the only planet with Chocolate.)
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To: WackySam
Unless you're collecting for collectings sake you shouldn't pay more than a dollar or two over spot price.

Agreed. This is true for bullion coins.

16 posted on 05/21/2010 6:43:40 AM PDT by Pontiac
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To: cripplecreek

And NBC puts out “public service announcements” praising CFLs, which are sold by their mother company, GE.


17 posted on 05/21/2010 6:44:22 AM PDT by Pecos
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To: montanajoe
Ive been a gold and silver bug off and on since the 70’s but I'm sitting this run up out.

Wise move.

18 posted on 05/21/2010 6:44:46 AM PDT by Poison Pill
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To: Diana in Wisconsin

That’s kind of how I look at it. I don’t want a certficate that says I own something. I want to be able to hold it in my hand and have control over it.

The free market allows me to do that and its what Wiener is trying to prevent.


19 posted on 05/21/2010 6:45:34 AM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: danielmryan
Tell weiner and company to go investigate Ebay.

1992 AMERICAN EAGLE GOLD BULLION 4 COIN PROOF SET*MINT*

Thats 1.85 oz of gold and the current bid is $3,150.00. There's a ton of other evidence listed on Ebay.

Keep in mind that that half the American people must pay almost a third of everything we make to the federal government. That's a pretty good profit for the government and we have to do ALL the paperwork or pay to have it done!

20 posted on 05/21/2010 6:51:22 AM PDT by Errant
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