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2010 Repeat-07 Glenn Beck hoodwinks investors to buy gold at $800
Posted on 05/11/2010 1:20:44 PM PDT by steve0
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Here is the proof of him hyping gold around November 20, 2007. http://www.youtube.com/watch?v=IvHhqr8OeFc Here is the proof that gold was about $800.00 an ounce at that time. http://www.kitco.com/scripts/hist_charts/monthly_graphs.plx Even if I had been more reasonable than just to buy when Glenn told me to and dollar cost averaged into Gold I still would have very large increase in the value of the price of gold that I purchased back then compared to now. How dare him!!!
(# 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
1
posted on
05/11/2010 1:20:44 PM PDT
by
steve0
To: steve0
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.
2
posted on
05/11/2010 1:21:48 PM PDT
by
Eyes Unclouded
("The word bipartisan means some larger-than-usual deception is being carried out." -George Carlin)
To: steve0
Those poor people are only up 50% the poor things.
When instead they could be down at least 20% in the stock market.
3
posted on
05/11/2010 1:22:38 PM PDT
by
NeoCaveman
(we now live in a post-Obamapacolyptic world)
To: NeoCaveman
I invested in stocks after the last crash and my portfolio is up about 40% since then, plus dividends.
4
posted on
05/11/2010 1:24:05 PM PDT
by
Huck
(Q: How can you tell a party is in the majority? A: They're complaining about the fillibuster.)
To: NeoCaveman
Good thing liberals read the media and didn’t buy any Gold.
5
posted on
05/11/2010 1:24:30 PM PDT
by
steve0
(My plan B: christianexodus.org/)
To: Huck
6
posted on
05/11/2010 1:25:04 PM PDT
by
JennysCool
(My hypocrisy goes only so far)
To: Huck
What financial crisis? The US has plenty of dollars and can always print more.
7
posted on
05/11/2010 1:25:53 PM PDT
by
steve0
(My plan B: christianexodus.org/)
To: steve0
“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.
To: JennysCool
Gold company stocks? :-)Those have been on fire lately. Even went up when the market did its 1000 point gyration day last Thursday.
9
posted on
05/11/2010 1:27:02 PM PDT
by
NeoCaveman
(we now live in a post-Obamapacolyptic world)
To: JennysCool
I’ve got an oil company, an agribiz, nat gas, consumer health care, consumer brands, and a payroll company.
10
posted on
05/11/2010 1:27:19 PM PDT
by
Huck
(Q: How can you tell a party is in the majority? A: They're complaining about the fillibuster.)
To: steve0
lol
43.5% return, that is so sad.
:)
11
posted on
05/11/2010 1:29:38 PM PDT
by
GeronL
(http://tyrannysentinel.blogspot.com)
To: steve0
12
posted on
05/11/2010 1:30:18 PM PDT
by
blam
To: steve0
“The Jerk Store called, and they are all sold out of you!”
“Really, I heard you were their all-time best seller!”
13
posted on
05/11/2010 1:32:29 PM PDT
by
Leo Farnsworth
(I'm really not Leo Farnsworth.)
To: Leo Farnsworth
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%.
14
posted on
05/11/2010 1:35:34 PM PDT
by
steve0
(My plan B: christianexodus.org/)
To: steve0
Imagine if they’d started listening to Savage when he was touting gold in 2003...when it was less than $400/ounce.
15
posted on
05/11/2010 1:35:44 PM PDT
by
kajingawd
(Humans share 50.6% of their DNA with bananas...most my friends are bananas)
To: kajingawd
Imagine if theyd 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.
16
posted on
05/11/2010 1:37:14 PM PDT
by
NeoCaveman
(we now live in a post-Obamapacolyptic world)
To: steve0
The Jerk Store called, and they are all sold out of you!
Really, I heard you were their all-time best seller!
17
posted on
05/11/2010 1:37:54 PM PDT
by
Leo Farnsworth
(I'm really not Leo Farnsworth.)
To: steve0
I may be wrong on this, but physical gold is not regulated by the SEC
or the CFTC. Therefore, gold mining firms and gold minting firms can pay people like Beck to hype their products, and he and others do not have to report that they are being paid for their investment "advice."
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.
18
posted on
05/11/2010 1:37:58 PM PDT
by
Thane_Banquo
(Mitt Romney: He's from Harvard, and he's here to help.)
To: NeoCaveman
Yup Neo. My precious metal mutual fund is up about 45% in the past year.
19
posted on
05/11/2010 1:38:44 PM PDT
by
CholeraJoe
("And the pony looked a little bored...")
To: kajingawd
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.
20
posted on
05/11/2010 1:39:57 PM PDT
by
steve0
(My plan B: christianexodus.org/)
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