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‘Daily Show’: Glenn Beck’s Playing to G-O-L-D

Posted on Dec 11, 2009
Beck and Stewart
thedailyshow.com

What does Fox Newser Glenn Beck believe to be a safe investment during times of panic and fear? Gold. Which emotions is Beck particularly skilled at playing upon in his nightly Fox-cast? Panic and fear. Which Web site does Glenn Beck stump for? Goldline.com, which pushes the idea that now’s the time to invest in gold. Oh.  —KA

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Night-Gaunt's avatar

By Night-Gaunt, July 28, 2011 at 3:03 pm Link to this comment

The rule is the higher gold goes in price the worse it is. So it is a negative factor. The lower it is the better things are.

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By Barbara Robbins, July 26, 2011 at 9:51 pm Link to this comment

I great way would actually to buy gold but unfortunately just like Night-Gaunt said, what use would it be if you are in desperate need for food or electricity? I really enjoy watching Jon Stewart’s The Daily Show, he makes almost everyone laugh and is such a funny man.

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By Night-Gaunt, July 11, 2011 at 4:07 pm Link to this comment

I would like to know what the top 10%, the oligarchs, have put most of their wealth in since they are behind much of what is going on in this country?

Heard that Glenn Beck is going to speak at the Israeli Knesset! Wish I could see and hear what he has to say and why they allowed, if not wanted, him to speak in the first place.

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By Gemma Tubbrit, July 11, 2011 at 1:15 am Link to this comment

So much humour in his show, really enjoy watching it. Most investors buy gold as a safe hedge against economic conditions such as inflation, market uncertainty, and political discontent. While gold is a long-term investment, its increase over the decades has been a steady 2 percent, with as much as 4 percent in recent years. While gold is traditionally safe, it is behaving more erratically, and investors should use caution when buying gold.

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By Night-Gaunt, September 8, 2010 at 9:45 am Link to this comment

Gold won’t be of any use if you need food, electricity, clean water, or ammunition will it?

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By 9ctgoldchain, September 7, 2010 at 5:07 pm Link to this comment

If gold is the way to go, I am going to go buy some jewellery. Maybe i should get a nice braclet, 9ct gold chain, an earring or something else. Good thing I suppose is, it will make me look good while its worth is going up!

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By sell jewelry in clearwater, August 14, 2010 at 11:04 pm Link to this comment
(Unregistered commenter)

Lets just assume vanity isn’t just a vulgar part of human existence and ask ourselves, ” Who really notices if you are wearing a diamond, or any other kind of jewelry for that matter?” When I see a woman that I might be interested in asking out, sure I look for a ring, but I could care less about what it’s made of. The fact that people spend thousands of dollars for vanity’s sake makes me sick enough but there are others being enslaved and killed over it too.
Flag

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By micheal smith, December 14, 2009 at 2:48 am Link to this comment

Websites are always helpful in one way or the other, anyways, One of net-friend Believes that if He had money, He would definitely trade it for gold, or more probably silver, as silver has more uses in the real world, and it is under priced right now in relation to gold.  It is not fear, it is attempting to salvage purchasing power. mortgage a good way to get started to renovate your dreams into the world of reality.
Thanks
Micheal,

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By IchLiebeSie, December 13, 2009 at 4:03 pm Link to this comment
(Unregistered commenter)

It is possible that gold could someday lose its value.  Personally, I do trust gold to a certain extent, certainly much more than the USA Dollar, as it appears to me that the USA Dollar will be completely useless before gold will be.  Still, I believe that both the USA Dollar and gold will be wothless within the next few decades.  Nothing surprises me anymore.

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By Purple Girl, December 13, 2009 at 12:57 pm Link to this comment
(Unregistered commenter)

Purple Girl,

You claimed that gold has no “innate need”—I think you meant “intrinsic value.”  You are wrong.  Gold is the second-best conductor of electricity in the world.  Gold is also used in jewelry and other handicrafts.

This means that, aside from its role as coin, gold has value. 

But the real point is gold’s relationship to currencies, like the dollar.  Gold is a commodity market, just like currency. 

In order to “create” more gold, the resource must be mined, melted, shaped and shipped to the market.  This is a process requiring a good many labor hours, intensive capital, heavy-industry technology, shipping, etc.  Whenever new gold is released into the market, the “price” of gold goes down, meaning, it is worth LESS in the marketplace.

In order to “create” more dollars, our government need only go into more debt, sell treasury bonds, authorize the printing of more Federal Reserve Notes.  Whenever new dollars are released into the market, the “price” of dollars goes down, meaning, they are worth LESS in the marketplace.

You do the math.  Look at the currency market over the last three months, compare it to the gold market.  Fear alone cannot drive down the value of dollars, no more than fear alone driving up the value of gold.  Yet there is a relationship between fear and other causal factors.

About the housing bubble, you make a mistake when you advance this comparison.  The housing bubble was created when “easy money” was printed, in conjunction with lax lending standards at banks and lending institutions (criminal and fraudulent).  And so, yes, with so many more people gaining access to that market, the bubble was created because it wasn’t honest or sustainable.

If the economy was actually growing honestly during that period, prices would stabilize and reflect the overall “good life” we Americans would then be living.  Alas, it was all tied to debt that we couldn’t continue paying for.  It was all tied to a debt market that discontinued “supply” of debt.

Look, I’m glad that you are disgusted by Glenn Beck—who isn’t?  He’s a vile human being.  All I’m suggesting is, be smart about your disgust.  Don’t be misled by the “left-wing” position on everything, and fall into their trap of blind hatred for all things “conservative” or “right-wing.”

People on the so-called “right” and so-called “left” have to work together and learn from one another.  That is truly the only way to elevate ourselves from perpetual stupidity when it comes to politics and social justice.

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By DaveZx3, December 13, 2009 at 1:49 am Link to this comment

Night-Gaunt, December 12 at 4:35 pm #

I did get a couple of those survival seed packets, and I have been saving my seeds from my non GM garden.  I got a portable generator when we lost power last winter in an ice storm.  Also been accumulating firewood.  Oiled up my shotgun and stocked up on shells.  (for hunting) 

This is not out of fear, as Purple Girl would say, but it is just a reasonable response to the instability you see in the economy.  I just look at it as being prudent. 

Believe me, if I had money, I would definitely trade it for gold, or more probably silver, as silver has more uses in the real world, and it is underpriced right now in relation to gold.  It is not fear, it is attempting to salvage purchasing power.

Instead of keeping your money or buying gold/silver, it would be just as prudent to store up on commodities, such as canned good, paper goods, gasoline, fuel oil, firewood etc.  In an era of rapid inflation, these ideas will save you a lot of money and grief.

And if everything works its way out, you are not out anything, because you just use the stuff anyway.

It is a no brainer to me.  I was a Boy Scout,  “Be prepared”.

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By Canis Lupis, December 12, 2009 at 8:50 pm Link to this comment
(Unregistered commenter)

“And with all these Gold Buyers out nowadays- the market will be flooded with an excess of this useless rock.”

Haha.  That must be why central banks keep gold in their reserves (and have continued to do so even post-1971), and are presently increasing the portion of gold that makes up their reserves.  That must also be why a portion of the recently proposed new global reserve currency scheme involves gold. 

Go ahead - trust in the US (petro)dollar, and trust in the stewardship of your government.  Your government has allowed the dollar to lose more than 98% of its purchasing power since 1913. 

Put your blinders back on, American suckers, while Glenn Beck plays the psychological neuroses of those on the “right” like a fiddle and Jon Stewart plays the psychological neuroses of those on the “left” like a fiddle.  The ideologically self-blinded on both the “right” and the “left” cannot perceive that they are useful idiots.  Such easily manipulated tools shall remain blind as the repeated course history unfolds yet again, this time right under their noses. 

Best get back to your televisions, to reinforce “your” worldview, while reminding yourself that the personalities on your preferred “news” programs serve no agenda; it’s the idiots on the other “side” that serve an agenda.  In contrast, the “objective” individuals that you listen to on “your” “side” of the “issues” speak the “truth.” 

Best remember what you “learned” during your years spent in higher “education,” which of course could not have been any form of higher indoctrination.  Remember that you hold “well informed” views, which could not even remotely reflect a belief system that was defined and promoted by others to suit their purposes rather than your purposes or the “common good.”

Those who adhere to the perma-view that gold is a useless rock, as well as those who adhere to the opposing view but aren’t smart enough to figure out when to buy and sell, deserve to get what’s coming, good and hard.

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By Night-Gaunt, December 12, 2009 at 12:35 pm Link to this comment

When it comes down to it what is more important—gold or food? Compared to water? Gasoline? A place to live? I don’t see a good reason to get gold now do you? Better to have seeds and a way of generating electricity than that holy metal. I agree with Purple Girl on this but DaveZx3 is correct also. I’d say the only ones who will clean up on this are the ones who can tell you if you can keep your gold or confiscate it. [As has been done in the past here.]

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By Purple Girl, December 12, 2009 at 5:30 am Link to this comment

Undue Influence and subconscious coercion is why Subliminal marketing techinques were outlawed.
This is exactly what Beck is doing. Ginning up fear and paranoia, then selling his ‘cure’ on the side.
Of course they want you to buy Gold at $1,000 an oz- they invested in it at $500- dumbasses! Housing Bubble come to mind. That ludicrous sucker claim that property always goes up in value.
What is most astounding is those who figure the world is coming to an end and they must be prepared. Tell me what will gold be worth when food and water is scarce in your End of Days deslusion?Not shit- just like that damn petosky stone you polished up as a kid.
Gold is no different than currency- it only has value if others agree or provides for some innate need. It doesn’t.
And with all these Gold Buyers out nowadays- the market will be flooded with an excess of this useless rock.
Glen Beck is setting his viewers up to Buy High and loss big, to pad is own pocket. When Beck sees it begin to Lull, he’ll be the first to sell- forgetting to mention it to his devote followers, of course.
Beck is a Snake Oil Dealer, a flim flam man, a con Artist who should be held to the laws which protect against Consumer fraud and unethical business practices. He is creating a psychological neurosis and a selling it’s “cure”. With forethought and malice.

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By DaveZx3, December 12, 2009 at 12:59 am Link to this comment

The dollar is in serious trouble, Glenn Beck or no Glenn Beck.  Even the Chinese, who have been happy to buy US notes, have been moving to purchase large quantities of gold. 

Why does everything have to be labeled “fear tactics”?  Can’t some things be labeled reasonable responses to perceived instability of the dollar?

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