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|NEXT STORY »

OPINION

Glenn Beck's Paranoia Is a Gold Mine

Gold to guns, scribe says there's profit to be made off right wingers

By Kevin Spak| Posted Oct 20, 09 11:59 AM CDT|

(Newser) – Move over Jim Cramer. When it comes to possibly unhinged investment gurus, Mike Madden of Salon says he’s going with Glenn Beck and G. Gordon Liddy. Ever since advertisers began boycotting Beck, gold sellers have been grabbing space. The weirdest ad features G. Gordon Liddy mocking Fed policies that will destroy the dollar. Beck himself even pitched gold during his show, as a way to avoid the dollar apocalypse.

Madden figured that if Beck’s 2 million viewers were loyal enough to send tea bags to Congress, they might just snap up gold. So he put money in a gold fund and—cha-ching—it’s grown 22% since Sept. 1. He’s since gotten out—“An investment strategy that depends on a bunch of angry Fox News viewers seems unsustainable in the long run”—but the right-wing bull market’s still out there. How about investing in the gun industry?

[Images (2)]

[Videos (1)]

G. Gordon Liddy worries about the shrinking dollar in this YouTube screenshot.

Gold commercials make up a big chunk of Glenn Beck's ads. (AP Photo/Evan Agostini, file)

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G. Gordon Liddy pitches gold for Rosland Capitol. (youtube.com)

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11.24.09

Murdoch and Microsoft: The Mice Are Trying to Roar

11.23.09

Books Are Bad for You

46 comments

VIEWING:

alkaseltzersammich
Oct 20, 09 12:07 PM CDT

I would start investing in tin foil if you've been paying attention to Glenn Beck. Doingtherightthing, Jayster999, Jamerican, Timinator2k, and MrsK have been making tin foil hats and thongs since Obama took over and hangin out in their mother's basement watching Glenn Bleck. If their spending habits are any indication, Reynolds aluminum foil stock is going to take off this year because of all the conspiracy theories they seem to espouse.. Reply

+14

IN RESPONSE:

Jayster999
Oct 20, 09 12:21 PM CDT

I'm not into conspiracy theories...I'm into conspiracy facts. The truly sophomoric are those who dismiss the possibility of conspiracy in spite of fact. Carroll Quigley (mentor to Bill Clinton, interestingly) wrote a book called Tragedy and Hope. The late Dr. Quigley, was a professor of history at the Foreign Service School of Georgetown University. He was, as his book reflects, brilliant, egotistical and opinionated. He also was a confirmed socialist who believed the world could be a better place if the educated elite ruled. Former President Clinton said in 1992: "...As a student at Georgetown, I heard that call clarified by a professor named Carroll Quigley, who said to us that America was the greatest country in the history of the world because our people have always believed in two things: that tomorrow can be better than today and that every one of us has a personal, moral responsibility to make it so." Unfortunately, Dr. Quigley revealed the game plan of the elite when the elite (a shy group by nature and not at all given to republican government) didn't want it publicized. Far from wanting to hide this "network" (as he called it), Quigley was proud of it. "I know of the operations of this network because I have studied it for twenty years and was permitted for two years, in the early 1960's, to examine its papers and secret records. I have no aversion to it or to most of its aims and have, for much of my life, been close to it and to many of its instruments. I have objected, both in the past and recently, to a few of its policies...but in general my chief difference of opinion is that it wishes to remain unknown, and I believe its role in history is significant enough to be known." Thus, unfortunately, Tragedy and Hope was pulled from bookshelves nationwide and recalled faster than an exploding Easter Bunny, never to be published again, except for a highly abbreviated edition. But if you can pick up a copy of this book, you'll find how things often worked behind the scenes of government and the worldwide ambitions of "the network."

-10

IN RESPONSE:

AnnieOkie58
Oct 20, 09 12:30 PM CDT

LOL...I got a kick out of your post...the mental picture of them in tin hats and thongs was hilarious, but you forgot MrsK's tin tassels !

IN RESPONSE:

MrsK
Oct 20, 09 12:30 PM CDT

Thanks for the recognition! I didn't even know you existed, but apparently you are way intrigued with my point of view, thanks!

-9

IN RESPONSE:

BleeBloo
Oct 20, 09 12:32 PM CDT

Oh Jayster, it's so cute how you take yourself so seriously. You really base all of your crazy on one book?

IN RESPONSE:

Jayster999
Oct 20, 09 12:38 PM CDT

Bleeblah: Not at all. The admissions of Dr. Quigley are but one small blurb of documented information among reams.

IN RESPONSE:

Pragmaticrealism
Oct 20, 09 2:42 PM CDT

In all seriousness, Jay is on to something. Everyone should have a little more conspiracy theorist in them; we would be much better off as a country if people cared to know who was behind the curtain.

IN RESPONSE:

riffran
Oct 20, 09 5:40 PM CDT

uh Jayman.....I don't think the lefties liked you pointing out that little slice of the pie.....naughty naughty :) lmao

IN RESPONSE:

Fondue
Oct 20, 09 6:32 PM CDT

I'd like to just clarify; you can not in any way be a confirmed socialist and believe the elite should rule. I would like for Jay to explain where this confirmation comes from. Was he a member of the SI? Was he a member of the Socialist Party of America or some other socialist party? Who is the confirming authority? I say he was not a Socialist if he proclaims the elite should rule. That makes you an oligarch.

| 0 minutes ago

JoeQ
Oct 20, 09 12:07 PM CDT

Guns have also appreciated very well since Obama was elected. Ammunition prices are at all time highs too. And gold and silver and emergency food rations. The media is wrong to assume that this is all "right wing", though. Its just anti-statist which could be left or right. Reply

IN RESPONSE:

Reader64481089
Oct 20, 09 12:32 PM CDT

Actually Ammo went sky high as a result of fighting two wars at once under Bush, metal has become more scarce such as copper and such which is used in the shell thus the rise in the price of producing a penny now can cost 3 1/2 cents or more and some countries have discontinued their use. The ammo thing has been with us the last 6 years, the price rose as more bullets were being exported creating a great bit of new revenue for the Bush war machine

IN RESPONSE:

Mad
Oct 20, 09 12:56 PM CDT

Um, dude, you're making shit up now. The US Penny, since 1983, has only 3% copper. The cost of minting a penny is about 1.25 cents apiece. Pre-1983 pennies are worth a bit over 3 cents apiece, based on copper value

IN RESPONSE:

drlarrymitchell
Oct 20, 09 1:47 PM CDT

I think President Obama is a front for the NRA to increase sales- at least that's what my Reynolds Wrap chapeau tells me.

| 0 minutes ago

Jayster999
Oct 20, 09 12:09 PM CDT

Oh, yeah, don't buy gold, a tangible asset. Leave your money in the stock market so that the Wall Streeters can bleed you out. Reply

IN RESPONSE:

alkaseltzersammich
Oct 20, 09 12:14 PM CDT

If you're not an idiot, there is a ton of money that can be made in the stock market.

IN RESPONSE:

Jayster999
Oct 20, 09 12:32 PM CDT

Most people invest in mutual funds. Are you aware of the losses these funds have posted over the past three years? You say "If you're not an idiot..." you can make tons of money in the market. Well, aren't you the elitist? Perhaps one person in a thousand successfully invests in the stock market without using the usual funds and brokers which have proven to be so ruinous to many.

-2

IN RESPONSE:

alkaseltzersammich
Oct 20, 09 12:57 PM CDT

There are thousands of mutual funds, ETFs, and fixed income products that can be invested in for a steady return. It doesn't take a genius to do some research and rebalance your portfolio according to your risk tolerance. Google, Yahoo, and Morningstar all have free services to look up mutual funds and their asset categories. They also indicate the riskiness of the funds. Pick asset categories according to your risk aversion (small cap, mid cap, large cap in order). The riskier you are, the smaller you buy. Pick a percentage of portfolio you are willing to leave in riskier small stock/funds and vice versa with larger stock/funds. Rebalance your portfolio monthly, quarterly, or semiannually to stay with in your selected percentage. It's not that hard to do.

-1

| 0 minutes ago

timeandagain
Oct 20, 09 12:15 PM CDT

Invest overseas... The Democrats are ruining things here. Reply

-10

IN RESPONSE:

alkaseltzersammich
Oct 20, 09 12:24 PM CDT

Yea good idea. Pay all of those those ADR (American Depository Receipts) and likely expensive broker commissions to buy some speculative issues from overseas. Don't buy blue chips, diversify, and rebalance your portfolio according to your risk tolerance with companies you know in the US. Great thinking timeandagain.

IN RESPONSE:

Fondue
Oct 20, 09 12:27 PM CDT

Invest overseas...where the dollar is worth less. A weak USD is good for exports idiot. I just saw this past weak on Fox Skews that folks from other countries come here for their shopping because the USD being so weak right now.

| 0 minutes ago

MrsK
Oct 20, 09 12:30 PM CDT

Buying gold is a no brainer. I have been buying it for years. Now I'm buying guns to go with my tin foil gauchos. Reply

-4

IN RESPONSE:

alkaseltzersammich
Oct 20, 09 12:32 PM CDT

LOL

IN RESPONSE:

Jayster999
Oct 20, 09 12:37 PM CDT

Bleeb: Not at all. The admissions of Dr. Quigley are but one small blurb of documented information among reams.

-3

IN RESPONSE:

AnnieOkie58
Oct 20, 09 1:52 PM CDT

Fool's gold...MrsK !..to go with your pop guns....LOL

| 0 minutes ago

Galileo
Oct 20, 09 12:37 PM CDT

And put yer' money in the freezer! Them banks is gonna stole it! Reply

IN RESPONSE:

Gooner82
Oct 20, 09 12:40 PM CDT

No, the government is stealing it. Remember how we didn't have to pay taxes for social programs before Obama became President? Yeah, well neither do I, but apparently this is what's happening according to Beck and Co.

| 0 minutes ago

Mia
Oct 20, 09 12:37 PM CDT

They kill me with the "gold is at it's highest price in decades. it's time to buy!!!!!!" NO THE FUCK IT'S NOT DUMB ASSES! This would be the time to SELL!!!! Reply

IN RESPONSE:

Libgirl
Oct 20, 09 12:57 PM CDT

such eloquent speech Mia. Were you born with no class or was that something you achieved on your own.

-6

IN RESPONSE:

alkaseltzersammich
Oct 20, 09 1:00 PM CDT

Well, she is right, Libgirl. You don't want to buy high then sell low. Lol, I guess her comment did lack some tact... but then again that's how the interwebz works these days.

IN RESPONSE:

Mia
Oct 20, 09 4:38 PM CDT

I achieved that shit on my own! FREEDOM OF SPEECH!

IN RESPONSE:

Mia
Oct 20, 09 4:42 PM CDT

I spend my days saving sexually exploited children and putting pedophiles in jail. I think I've earned the right to speak how I want. If that's "no class" well, so be it.

IN RESPONSE:

Libgirl
Oct 20, 09 6:14 PM CDT

Sorry Mia...I was out of line. Had been a bad morning. When I saw you were also from Atlanta I just let it get to me. Not because of what you said but because I have been to a lot of places that when I say your from Georgia they are surprised that I am not barefoot trailer trash with no teeth or ever know the meaning of manors. Just thought the language may reinforce the idea in some people. I usually don't give a damn but like I said a bad morning. My apologies.

IN RESPONSE:

GreekChorus
Oct 20, 09 7:35 PM CDT

While gold is at its highest price in US Dollars recently, it is far from it's actual high, which would be roughly equivalent to $3000/oz in today's dollars.

IN RESPONSE:

Mia
Oct 20, 09 8:12 PM CDT

Forgiven. I get fired up and like to say fuck a lot. It could be worse. I could be a republican AND say fuck a lot.

IN RESPONSE:

Rocket448
Oct 20, 09 11:48 PM CDT

RIght, exactly right. I thought everyone knew "buy low, sell high". I wish I'd had the cash to put into gold in 06. Didn't. Won't now.

IN RESPONSE:

Mia
Oct 21, 09 7:07 AM CDT

I guess what got me so fired up is that these guys take advantage of their own people. They prey on the weak-minded with their scare tactics and then are like, "While they're here, why don't we try to get all their money too." It amazes me daily how few people are truly good.

| 0 minutes ago

AnnieOkie58
Oct 20, 09 1:43 PM CDT

If your posting refers to me...MrsK...sure I 'm intrigued with your off the wall view points....there so gosh darn funny...I bet your a hoot to be around ! Reply

| 0 minutes ago

Kip
Oct 20, 09 2:38 PM CDT

Why is it not at all surprising that conservatives run scared when ANY kind of change is mooted??? As a party (or mob), they have opposed the following: women's right to vote; African-Americans' right to vote; the creation of Social Security which lifted millions of elderly people out of poverty; segregation; the Civil Rights Act; the Voting Rights Act; Medicare; the Clean Air Act; and, the Clean Water Act. Is it any wonder they vehemently oppose a universal health care policy (that every other western democracy has had in place for decades) and blindly follow clowns like Beck? And we wonder why nothing ever seems to get done. It's all just a sad joke . . . Reply

-1

IN RESPONSE:

Pragmaticrealism
Oct 20, 09 2:47 PM CDT

Republican=the party of corporate masters

IN RESPONSE:

d3wd
Oct 20, 09 4:26 PM CDT

Nevermind that Obama got five times as much campaign money from Wall Street. Move along. Nothing to see here.

-1

IN RESPONSE:

Libgirl
Oct 21, 09 12:10 AM CDT

Kip....don't try to make a point until you have your facts right. Most of you what you listed were Republican ideas. Blacks right to vote? Seriously! Abe Lincoln ring a bell. Segregation? The KKK was started by the Democrats. Never been a Republican in the KKK. True...look it up. Women's Suffrage? The Republican Party was the first major U. S. political party to promote and defend the rights of women, including the right to equal pay for equal work. I don't support either party. I just don't like big Government. But Dude you need to know what your talking about before you start talking.

| 0 minutes ago

riffran
Oct 20, 09 5:43 PM CDT

pay no attention to the man behind the teleprompter....loil Reply

-1

| 0 minutes ago

SPH
Oct 20, 09 8:06 PM CDT

If you wish to buy gold, by all means feel free....Keep in mind that gold pays no dividend (unlike stocks), has no guaranteed return (unlike bonds or CDs), and WHEN (not IF) the economy rebounds gold prices will fall.... Reply

| 0 minutes ago

ducme
Oct 21, 09 11:45 AM CDT

jayster999 my friend, you are what jokes are made of, both a beginning and an end. Reply

| 0 minutes ago

Monjubikahn
Oct 21, 09 12:14 PM CDT

"Let them eat Gold." Several countries have discovered large gold deposits. The price of gold is not going to continue climbing. The gold bubble is going to pop. Invest in food and farming. You cannot eat gold. Look to your flocks and herds America. Look to your fields and forrests. Do not let the false prognosticators of prosperity fool you. They want to enslave you by taking your land out from under you. You will be forced to rent what you once owned. Do not let them do that to you. Control your destiny. This has been a public service announcement. Reply

IN RESPONSE:

Pragmaticrealism
Oct 21, 09 12:27 PM CDT

Best post on the whole page.

| 0 minutes ago

View all 46 comments »

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Glenn Beck's Paranoia Is a Gold Mine

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Glenn Beck's Paranoia Is a Gold Mine

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ADL: Beck Is Top Hate Monger

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