Gold Bugs

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

[danielmryan]

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.

[cripplecreek]

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

[johnnycap]

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?

[Dem Guard]

[sauropod]

Beck has been a riot this week talking about Weiner.

[sten]

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/

[NeoCaveman]

weinerfacts.com

[Pontiac]

silver is $17.69 and ounce today.

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

[GOPJ]

Democrats are such liars.

[Dr. Ursus]

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

[WackySam]

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.

[montanajoe]

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.

[screaminsunshine]

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

[WackySam]

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.

[Diana in Wisconsin]

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

[Pontiac]

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.

[Pecos]

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

[Poison Pill]

Ive been a gold and silver bug off and on since the 70’s but I'm sitting this run up out.

Wise move.

[cripplecreek]

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.

[Errant]

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!