Glenn Beck loves the Goooooolldddd

[Iason Ouabache]

http://www.thedailyshow.com/watch/thu-december-10-2009/beck---not-so-mellow-gold

Long story short, Beck has a bit of a conflict of interest. He heavily promotes buying gold on his show while being a paid spokesman for a gold retail company. I'm pretty sure that Rush does the exact same thing. Both of their radio shows are sponsored by gold companies. Looks like that both are heavily invested in gold and are using fear-mongering to drive the prices up.

[Kai]

http://www.thedailyshow.com/watch/thu-december-10-2009/beck---not-so-mellow-gold

Long story short, Beck has a bit of a conflict of interest. He heavily promotes buying gold on his show while being a paid spokesman for a gold retail company. I'm pretty sure that Rush does the exact same thing. Both of their radio shows are sponsored by gold companies. Looks like that both are heavily invested in gold and are using fear-mongering to drive the prices up.

This is not surprising.

[Elder Iptuous]

I hate both of those morons, but it doesn't bother me a bit that they are boosting up gold if they believe in it, and of course it stands to reason that they would be invested in it, as well.

seems like the same argument that the climate change deniers use regarding Al Gore.  they say "He stands to make a killing on the measures he proposes."  No shit! if i firmly believed in something, i would be invested in it to!

also, for the record.  i own gold, so this post is a conflict of interests.

also, for the record. you should own gold, to.  the economy is just starting its epic fail. But and hold physical gold if you have savings...

[The Good Reverend Roger]

I hate both of those morons, but it doesn't bother me a bit that they are boosting up gold if they believe in it, and of course it stands to reason that they would be invested in it, as well.

seems like the same argument that the climate change deniers use regarding Al Gore.  they say "He stands to make a killing on the measures he proposes."  No shit! if i firmly believed in something, i would be invested in it to!

also, for the record.  i own gold, so this post is a conflict of interests.

also, for the record. you should own gold, to.  the economy is just starting its epic fail. But and hold physical gold if you have savings...

If things get that bad, gold won't be worth shit, either.  Bullets and Cipro.

[Elder Iptuous]

I hate both of those morons, but it doesn't bother me a bit that they are boosting up gold if they believe in it, and of course it stands to reason that they would be invested in it, as well.

seems like the same argument that the climate change deniers use regarding Al Gore.  they say "He stands to make a killing on the measures he proposes."  No shit! if i firmly believed in something, i would be invested in it to!

also, for the record.  i own gold, so this post is a conflict of interests.

also, for the record. you should own gold, to.  the economy is just starting its epic fail. But and hold physical gold if you have savings...

If things get that bad, gold won't be worth shit, either.  Bullets and Cipro.

I assumed everyone here already has an arsenal of weapons and a closet brimming with ammo....
anti biotics is a good point, and something i need to work on.

also, gold will not be worthless, because the people with the foresight to stock up on everything they need for the long dark ahead won't be selling anything for the scraps that are traded now.  and they wont be interested in bartering for anything except the perishables that couldn't have been stockpiled.  so unless you're into gardening/farming, the only thing that you might have that they will want is money.  and that means gold.
gold is money.
that's a damn near universal truth.

[The Good Reverend Roger]

I hate both of those morons, but it doesn't bother me a bit that they are boosting up gold if they believe in it, and of course it stands to reason that they would be invested in it, as well.

seems like the same argument that the climate change deniers use regarding Al Gore.  they say "He stands to make a killing on the measures he proposes."  No shit! if i firmly believed in something, i would be invested in it to!

also, for the record.  i own gold, so this post is a conflict of interests.

also, for the record. you should own gold, to.  the economy is just starting its epic fail. But and hold physical gold if you have savings...

If things get that bad, gold won't be worth shit, either.  Bullets and Cipro.

I assumed everyone here already has an arsenal of weapons and a closet brimming with ammo....
anti biotics is a good point, and something i need to work on.

also, gold will not be worthless, because the people with the foresight to stock up on everything they need for the long dark ahead won't be selling anything for the scraps that are traded now.  and they wont be interested in bartering for anything except the perishables that couldn't have been stockpiled.  so unless you're into gardening/farming, the only thing that you might have that they will want is money.  and that means gold.
gold is money.
that's a damn near universal truth.

Can you eat gold?

[Elder Iptuous]

I hate both of those morons, but it doesn't bother me a bit that they are boosting up gold if they believe in it, and of course it stands to reason that they would be invested in it, as well.

seems like the same argument that the climate change deniers use regarding Al Gore.  they say "He stands to make a killing on the measures he proposes."  No shit! if i firmly believed in something, i would be invested in it to!

also, for the record.  i own gold, so this post is a conflict of interests.

also, for the record. you should own gold, to.  the economy is just starting its epic fail. But and hold physical gold if you have savings...

If things get that bad, gold won't be worth shit, either.  Bullets and Cipro.

I assumed everyone here already has an arsenal of weapons and a closet brimming with ammo....
anti biotics is a good point, and something i need to work on.

also, gold will not be worthless, because the people with the foresight to stock up on everything they need for the long dark ahead won't be selling anything for the scraps that are traded now.  and they wont be interested in bartering for anything except the perishables that couldn't have been stockpiled.  so unless you're into gardening/farming, the only thing that you might have that they will want is money.  and that means gold.
gold is money.
that's a damn near universal truth.

Can you eat gold?

I've got food stored.  I'll eat that.
What are you gonna trade for something to eat?  cause all i want for is your gold....
you DO have some gold to trade with, right?  otherwise, you s.o.l.

[The Good Reverend Roger]

I hate both of those morons, but it doesn't bother me a bit that they are boosting up gold if they believe in it, and of course it stands to reason that they would be invested in it, as well.

seems like the same argument that the climate change deniers use regarding Al Gore.  they say "He stands to make a killing on the measures he proposes."  No shit! if i firmly believed in something, i would be invested in it to!

also, for the record.  i own gold, so this post is a conflict of interests.

also, for the record. you should own gold, to.  the economy is just starting its epic fail. But and hold physical gold if you have savings...

If things get that bad, gold won't be worth shit, either.  Bullets and Cipro.

I assumed everyone here already has an arsenal of weapons and a closet brimming with ammo....
anti biotics is a good point, and something i need to work on.

also, gold will not be worthless, because the people with the foresight to stock up on everything they need for the long dark ahead won't be selling anything for the scraps that are traded now.  and they wont be interested in bartering for anything except the perishables that couldn't have been stockpiled.  so unless you're into gardening/farming, the only thing that you might have that they will want is money.  and that means gold.
gold is money.
that's a damn near universal truth.

Can you eat gold?

I've got food stored.  I'll eat that.
What are you gonna trade for something to eat?  cause all i want for is your gold....
you DO have some gold to trade with, right?  otherwise, you s.o.l.

No, I have other methods.

GIMME YOUR SAMMICH!
\

[Nast]

You know, in the event of an infrastructure collapse, commodities like food, clothing, and tools would probably be more useful, and therefore more valued, than sparkly metal.

[Elder Iptuous]

Yeah, right....
i know what your method will be...
http://www.hulu.com/watch/115810/the-tonight-show-with-conan-obrien-gold-4-sexcom

also, ftr, i'm not a lone wolf type survivalist.  those people are gonna get their sammich stolen.  i'm in the process of forming a tribe.  we'll be OK.  i'm actually surprised at the resource/skill pool that we've already got so far.
Like John Robb says on his blog, "Tribe up!"

[Elder Iptuous]

You know, in the event of an infrastructure collapse, commodities like food, clothing, and tools would probably be more useful, and therefore more valued, than sparkly metal.

Yes.  you are definitely right.
right after collapse, there wont be a whole lot of 'medium of exchange' type economy.  it will be barter for the most part.
this was shown in various collapses.  the one i can think of is argentina.
but according to the FerFal blog (a fellow that lives down there), it quickly became apparent that those that were the best off were those that had a trusted medium of exchange, that being gold.  After an initial phase of get what you need by hook or by crook, then there will have to be some form of money.
what would you be willing to accept, that you are pretty sure everyone else would accept?

[Cain]

Partial collapse = medium of currency helpful
Total collapse = bikers shove the gold up your arse before looting you
No collapse/slow decline = clever criminals loot your gold and sell it all to those "gold to cash companies", and Glenn Beck's profit margin improves

[Nast]

You know, in the event of an infrastructure collapse, commodities like food, clothing, and tools would probably be more useful, and therefore more valued, than sparkly metal.

what would you be willing to accept, that you are pretty sure everyone else would accept?

If I had less delicate sensibilities, I would say sexual favors.

[Elder Iptuous]

Partial collapse = medium of currency helpful
Total collapse = bikers shove the gold up your arse before looting you
No collapse/slow decline = clever criminals loot your gold and sell it all to those "gold to cash companies", and Glenn Beck's profit margin improves

Yeah, that's what i hear.  seems like an unwarrantedly dismissive proclaimation, imo.
-partial collapse, we've already had.  our currencies hurt.  recession/depression.  the currency survives. sometimes the currency survives well enough that gold wouldn't have preserved any purchasing power any better than the currency.  although i haven't heard of any past situations where it did significantly worse...

-total collapse, of course crime will increase.  but unless you happen to flaunt your wealth in front of biker gangs, then you would be just as worried about getting various things placed in your ass when they loot you for your ordinary possessions..  so the argument has no bearing on owning gold specifically.

-no collapse/slow collapse, the gold does fine, because the clever criminals have already extracted the wealth from the price of gold, and now are on the upswing.  If they attempted to manipulate the price down, or especially attempted to outright enforce gold price, then there would be a huge divergence on the comex and the paper price would crash to nothing, and the price of physical would bounce up with a huge overshoot before settling at significantly higher prices...
Read GATA information on the topic....
http://www.gata.org/

Cain, have you ever run across any good critiques of GATA's arguments?

[BabylonHoruv]

You know, in the event of an infrastructure collapse, commodities like food, clothing, and tools would probably be more useful, and therefore more valued, than sparkly metal.

Yes.  you are definitely right.
right after collapse, there wont be a whole lot of 'medium of exchange' type economy.  it will be barter for the most part.
this was shown in various collapses.  the one i can think of is argentina.
but according to the FerFal blog (a fellow that lives down there), it quickly became apparent that those that were the best off were those that had a trusted medium of exchange, that being gold.  After an initial phase of get what you need by hook or by crook, then there will have to be some form of money.
what would you be willing to accept, that you are pretty sure everyone else would accept?

Marijuana