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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, Newser Staff

Posted Oct 20, 2009 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?

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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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Glenn Beck's Paranoia Is a Gold Mine