Glenn Beck Accused of Conflict of Interest (with Goldline)

Here's the accompanying story. Apparently Glenn is in hot water over his cross-promotion of this. This vid was created by Air America pointing out his conflict of interest.

http://news.yahoo.com/s/ynews/ynews_ts1022
Doc_Msays...

Forgive my ignorance (I'm not the best adviser when it comes to economics) but this seems like good advice. Gold seems like the investment of choice to keep your dollars worth something in the years to come. I normally hold Glen Beck in the realm of right wing craziness and don't normally support anything that he says but I don't know much about investing in commodities and he's giving a tip on how to do so with reliability. It's not like using the company he recommends will raise the price of gold to his advantage. Using ANY gold investment will do so. Though he is an asshat when it comes to generally everything, investment in gold seems like good advice and information on who is reliable over others is not in my opinion "bad advice". Gold vendors are notorious for being greedy douches when it comes to investing. Glen is a capitalist in the most extreme way and therefore, I see this as the best bet for that investment.

Doc_Msays...

Anyway, if you listen to 10 minutes of any radio show, you'll hear how great it is to get your hair replacement from So-And-So and how it will make you a better man and how you'll please your wife better. Beck is just focusing on your money rather than your... other assets.

brycewi19says...

>> ^Doc_M:
Forgive my ignorance but this seems like good advice. Gold seems like the investment of choice to keep your dollars worth something in the years to come. I normally hold Glen Beck in the realm of right wing craziness and don't normally support anything that he says but I don't know much about investing in commodities and he's giving a tip on how to do so with reliability. It's not like using the company he recommends will raise the price of gold to his advantage. Using ANY gold investment will do so. Though he is an asshat when it comes to generally everything, investment in gold seems like good advice and information on who is reliable over others is not in my opinion "bad advice". Gold vendors are notorious for being greedy douches when it comes to investing. Glen is a capitalist in the most extreme way and therefore, I see this as the best bet for that investment.



Except that he stated himself on his own show (via the Jon Stewart clip) that gold jumped $30 during his last show.
Plus, gold is an extremely bad investment over the past few centuries. It's rate of growth is below almost always under the rate of inflation, meaning it'd be better to invest in the underside of your mattress than in gold. The only exception has been the past few years.
I've been tempted before to invest in gold, but after talking to multiple financial advisers, they steered me clear of a classic pitfall that this guy is selling.
There's a reason the commercials for gold seem like infomercials played late at night to sap gullible suckers out of their money - because they are.

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