Poor shocked kitteh. S/he had a good meme run.

A few posts up we read about the arrest of the author of a botnet used for online scams, and that produces comments about “precrime” and dire warnings of innocent programmers threatened if their work just happens to be used for evil.

Then we have a TV commenter who believes in buying a legal substance, one bought and sold all the time, and who has a sponsor that sells it, and suddenly it’s “OMG, a con, a scam, and might be illegal!!1!”

I get it: botnet programmers get the benefit of the doubt because they’re programmers, while conservative TV commentators do not because they’re conservative.

There in not one fiat currency that has ever been created that did not revert to ZERO value.

Oh, I don’t know, how about THE US FRICKIN’ DOLLAR? Or for that matter, the UK pound? Or the French franc? Or the Euro? Or the Swedish krona? Or how about about a buttload of other currencies that have never gone through hyperinflation? Hell, even the Deutsche Mark always held value, it was the Reichsmark which went through hyperinflation, but Germany switched currency in 1948 and they’ve been hyperinflation-free ever since (now they’re using the Euro, obviously)

Dude, seriously, you need better game. That sentence was just pathetic.

My husband and I were discussing just yesterday that we want to start including our daughter (now age 6) in at least some discussions about household money. He’s very worried that too few people really understand how to make sound choices in managing their money, which makes them vulnerable to scams like this.

Seriously, though, what is the word for someone who spreads fear and panic?
For fear and panic are “gold’s aphrodisiacs”:

http://www.mineweb.com/mineweb/view/mineweb/en/page31?oid=108761&sn=Detail&pid=31

I guess not everybody loves a lover.

Numismatic gold is a scam, if the government bans private gold nobody will turn it in this time, we are not the trusting rubes of 1933, it will just spike the black market price price into the ionosphere.

What is a scam is the gold buyback scams and parties which buy far below spot price. Sell for within a buck or two of spot and buy at 5-10% premium.

So, is the Goldline sponsorship the cause of Beck’s content? Or is Beck’s content the cause of the Goldline sponsorship?

You might think that is like asking what came first, the chicken or the egg – but at least in this case we can find out definitively by answering the following question: Was Goldline a sponsor of Beck’s program before he started talking about the founding of the U.S., the gold standard, etc?

Real grade-A jerks and assholes, advocating all war, all the time, as the primary job of government.
And also advocating for the “liberal” use of the truncheon and jail cell for those who dare to object .

Beck’s hate speech is disgusting and vile.

I think anyone who takes investment advice from Glenn Beck is a fool, but bad advice is not illegal. Otherwise Jim Cramer would already be in prison, as would almost every talking head on financial television. How many shows were there promoting house flipping at the peak of the bubble? Will any of their hosts ever be investigated?

Oh wait.

http://www.goldprice.org/gold-price-history.html#1_year_gold_price

Yeah. Look at that. Look at the 1, 2 and 5 year gold prices. Gold has tripled in the last 5 years, quadrupled in the last 10, and it’s gone up 10x since 1974.

Glenn Beck is an ass, but on this issue he isn’t at all wrong. Gold (and Silver) is, was, and will be the best way to *preserve* wealth. Even if you were dumb enough to buy numismatic coins in 2005 (taking that 42% loss the infographic cites) say, 1 ounce for $724 (when spot was ~$420) that as *bullion* today is worth what, $1200? and unless Beck’s total collapse happens, they’re worth even more. and even then, gold you paid too much for is better than no gold and a bunch of toilet paper with dead presidents on it.

making *any* investment based on what a talking head says during a paid commercial is ridiculous, and I would wonder how one managed to amass any amount of capital for buying gold in the first place if one did so.

beyond all THAT, any conspiracy nut worth his salt knows damn well that if the government is going to confiscate gold in this day and age, they aren’t going to be playing by any rules while they do it. so to believe that the government is evil enough to take your gold by force yet honorable enough to make a distinction between bullion and numismatics is a non sequitur.

fools gold? more like fools logic.

bad advice is not illegal

Not necessarily true. If you can prove that the adviser was deliberately deceptive and you suffered damages, you’d have a case. You wouldn’t necessarily win it, but you might.

(non-US residents will have to hunt this video up elsewhere)

What goes up – must come down, sing it with me.

Best argument against these gold companies I’d ever heard.

@nutbastard: “fools gold? more like fools logic.”

How long you been waiting to whip out that gem? ;)

good deals on gold are like good deals on anything else – shop around, do some research, make a decision. only a fool would neglect such diligence, in which case it becomes really, really hard to feel sorry for them.

about 12 seconds. not my best work. consider it a numismatic gem.

My croaking voice would not do it justice.
But David Clayton-Thomas, now he sings just that line, in this song:

http://www.youtube.com/watch?v=qi9sLkyhhlE

Ride a painted pony, let the spinning wheel turn…