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General Discussion => The New Joe Montgomery Birther Pit => Topic started by: steve dave on July 28, 2010, 01:37:10 PM

Title: Gold
Post by: steve dave on July 28, 2010, 01:37:10 PM
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fwww.ritholtz.com%2Fblog%2Fwp-content%2Fuploads%2F2010%2F07%2FGoldlineGlennBeck4.jpg&hash=53ab5103e601c790f4cac0a447bf734518e5e3d0)
Title: Re: Gold
Post by: 06wildcat on July 28, 2010, 05:39:16 PM
 :surprised:
Title: Re: Gold
Post by: john "teach me how to" dougie on July 28, 2010, 06:21:08 PM
Probably a bad idea to buy gold if you don't know what you are doing.
Title: Re: Gold
Post by: jmlynch1 on July 28, 2010, 06:35:40 PM
Glen Beck is banking on his idiot fanbase? Color me  :surprised:
Title: Re: Gold
Post by: Sugar Dick on July 28, 2010, 07:02:21 PM
As crazy as some of the people that buy gold are, it's hard to argue with it's recent success as an investment.

Any moron that thinks any collectible is an investment deserves what they get (i.e. Spud McKenzie, Baseball Cards, Pogs).  If they're taking investment advice from Glenn Beck they deserve what they get twofold. 
Title: Re: Gold
Post by: Sugar Dick on July 28, 2010, 07:03:07 PM
As crazy as some of the people that buy gold are, it's hard to argue with it's recent success as an investment.

Any moron that thinks any collectible is an investment deserves what they get (i.e. Spud McKenzie, Baseball Cards, Pogs).  If they're taking investment advice from Glenn Beck they deserve what they get twofold. 

Hilarious   :lol:
Title: Re: Gold
Post by: Jeffy on July 28, 2010, 08:18:26 PM
http://www.weinerfacts.com/weiner/


Silver is a better way to go, with much better upside potential, if you feel like investing directly in metals.
Title: Re: Gold
Post by: TBL on July 28, 2010, 08:24:00 PM
Um, GB always says to look into it yourself. That Congressman Weiner is just that. A stupid weiner.
Title: Re: Gold
Post by: Dirty Sanchez on July 28, 2010, 10:01:12 PM
alan colmes must be in on the scam, too, since he advertises gold.  Damn neocon.
Title: Re: Gold
Post by: Cire on July 28, 2010, 11:34:45 PM
who is allen colmes?
Title: Re: Gold
Post by: Sugar Dick on July 29, 2010, 03:37:48 AM
who is allen colmes?

(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fimages.nymag.com%2Fimages%2F2%2Fdaily%2Ffood%2F08%2F08%2F21_colmes_th.jpg&hash=db9d5be0c1d6705ad78bdb963c74456ff8f2b2fe)

Has a liberal radio show, and also liberal contributor on various news networks.  Used to be Sean Hannity's sidekick on the show "Hannity and Colmes".

Spells his name Alan, not Allen
Title: Re: Gold
Post by: jmlynch1 on July 29, 2010, 08:22:25 AM
who is allen colmes?

(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fimages.nymag.com%2Fimages%2F2%2Fdaily%2Ffood%2F08%2F08%2F21_colmes_th.jpg&hash=db9d5be0c1d6705ad78bdb963c74456ff8f2b2fe)

Has a liberal radio show, and also liberal contributor on various news networks.  Used to be Sean Hannity's sidekick on the show "Hannity and Colmes".

Spells his name Alan, not Allen
He's a greedy idiot too.
Title: Re: Gold
Post by: Jeffy on July 29, 2010, 08:19:50 PM
who is allen colmes?

(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fimages.nymag.com%2Fimages%2F2%2Fdaily%2Ffood%2F08%2F08%2F21_colmes_th.jpg&hash=db9d5be0c1d6705ad78bdb963c74456ff8f2b2fe)

Has a liberal radio show, and also liberal contributor on various news networks.  Used to be Sean Hannity's sidekick on the show "Hannity and Colmes".

Spells his name Alan, not Allen
He's a greedy idiot too.

We just need to tax the hell out of the rich.
Title: Re: Gold
Post by: Sugar Dick on July 29, 2010, 08:24:17 PM
Shouldn't one of the idiot demodrones have dropped the "free markets" thing by now?
Title: Re: Gold
Post by: Dugout DickStone on July 29, 2010, 08:57:07 PM
Probably a bad idea to buy gold if you don't know what you are doing.

or if you are relying on Glenn Beck's advice
Title: Re: Gold
Post by: Kat Kid on July 29, 2010, 10:10:08 PM
Pretty much anyone who isn't investing locally (outside the stock/bond market), or in index funds is throwing away money.
Title: Re: Gold
Post by: Rage Against the McKee on July 29, 2010, 11:00:00 PM
Pretty much anyone who isn't investing locally (outside the stock/bond market), or in index funds is throwing away money.

It depends on how old you are. If you don't plan on cashing in on your investment for another 40 years, developing a diverse stock portfolio could be a good idea.
Title: Re: Gold
Post by: Kat Kid on July 29, 2010, 11:03:28 PM
Pretty much anyone who isn't investing locally (outside the stock/bond market), or in index funds is throwing away money.

It depends on how old you are. If you don't plan on cashing in on your investment for another 40 years, developing a diverse stock portfolio could be a good idea.

you can do this with index funds.
Title: Re: Gold
Post by: Rage Against the McKee on July 29, 2010, 11:14:03 PM
Pretty much anyone who isn't investing locally (outside the stock/bond market), or in index funds is throwing away money.

It depends on how old you are. If you don't plan on cashing in on your investment for another 40 years, developing a diverse stock portfolio could be a good idea.

you can do this with index funds.

Yes, I know. I was just pointing out that there are multiple ways to successfully invest. Really, this is a great time for a young person who is capable of investing a few hundred bucks a month to do so. It's a great time to buy and a horrible time to sell.
Title: Re: Gold
Post by: Kat Kid on July 29, 2010, 11:29:46 PM
Pretty much anyone who isn't investing locally (outside the stock/bond market), or in index funds is throwing away money.

It depends on how old you are. If you don't plan on cashing in on your investment for another 40 years, developing a diverse stock portfolio could be a good idea.

you can do this with index funds.

Yes, I know. I was just pointing out that there are multiple ways to successfully invest. Really, this is a great time for a young person who is capable of investing a few hundred bucks a month to do so. It's a great time to buy and a horrible time to sell.

It is never a good time for this investor.  Index funds limit the misery somewhat.
Title: Re: Gold
Post by: Sugar Dick on July 31, 2010, 01:59:39 PM
Pretty much anyone who isn't investing locally (outside the stock/bond market), or in index funds is throwing away money.

It depends on how old you are. If you don't plan on cashing in on your investment for another 40 years, developing a diverse stock portfolio could be a good idea.

you can do this with index funds.

Yes, I know. I was just pointing out that there are multiple ways to successfully invest. Really, this is a great time for a young person who is capable of investing a few hundred bucks a month to do so. It's a great time to buy and a horrible time to sell.

It is never a good time for this investor.  Index funds limit the misery somewhat.

Google:  "Morningstar rating"

There are investment managers/teams that consistently outperform benchmark indices.  Janus and American Funds have a bunch of them.  Manning and Napier for international. 
Title: Re: Gold
Post by: Jeffy on July 31, 2010, 02:31:51 PM
USAGX

Title: Re: Gold
Post by: jtksu on July 31, 2010, 03:03:10 PM
Politics aside, how is it weird for a paid spokesman to promote the product he is paid to promote?  I don't get mad at the D-list celebrities hawking diet pills or POS workout devices on infomercials, so why be mad at GB for hawking a similar waste of money?   I guess it could be viewed as preying on weak-minded individuals, but does every other commercial out there.  Damn you Michael Jordan!!!  I assumed that eating McDonalds, drinking Gatorade and Coke, and wearing Hanes underwear would make me a HOF b-ball player!!!!  That said, anyone that blindly follows the advice of anyone else is a Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) and probably deserves to lose 42% (or whatever it ended up being) of their investments.  I'm too smart for that.  I only take investment advice from the guy on Mad Money!!   :users:
Title: Re: Gold
Post by: 06wildcat on July 31, 2010, 03:26:34 PM
Politics aside, how is it weird for a paid spokesman to promote the product he is paid to promote?  I don't get mad at the D-list celebrities hawking diet pills or POS workout devices on infomercials, so why be mad at GB for hawking a similar waste of money?   I guess it could be viewed as preying on weak-minded individuals, but does every other commercial out there.  Damn you Michael Jordan!!!  I assumed that eating McDonalds, drinking Gatorade and Coke, and wearing Hanes underwear would make me a HOF b-ball player!!!!  That said, anyone that blindly follows the advice of anyone else is a Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) and probably deserves to lose 42% (or whatever it ended up being) of their investments.  I'm too smart for that.  I only take investment advice from the guy on Mad Money!!   :users:

There's a slight distinction between being paid to hawk a product in a commercial. Even retards know the difference between a commercial and entertainment/news etc. Beck promotes buying gold as a hedge (only after you pray on it really, really hard first) against inflation/apocalypse  on his shows. Then during breaks Goldline commercials run. It adds another layer to the mix. Beck isn't directly promoting Goldline in his show, but he certainly stands to directly profit from espousing his views. It's not a huge deal on TV and even less so on radio, which has always had a very, very blurry line between editorial/entertainment content and advertising.

All those "live remotes" Keitzeman does are paid for by the places they are out pimping. The BBQ segments they do are paid segments.  In a way those are worse than what Beck does because Keitzman never says "We're being paid to broadcast from xxx place today." Most morons can figure out Beck is getting money from ads that run on his shows and compare that to what he's saying. When WHB is broadcasting from a new restaurant and talking about how good the food is, most people aren't aware that the entire afternoon segment is an advert for that restaurant and they're being paid to say the food tastes good.
Title: Re: Gold
Post by: jtksu on July 31, 2010, 03:33:15 PM
Radio shows often included the host promoting a product in a live, casual manner.  Kinda like Jim Rome talking about what flavor of 5-hour each crew member prefers.  It's still just a promotion.  I seldom listen to GB, so I'm not sure exactly how it sounds on air though...
Title: Re: Gold
Post by: 06wildcat on July 31, 2010, 03:52:27 PM
Radio shows often included the host promoting a product in a live, casual manner.  Kinda like Jim Rome talking about what flavor of 5-hour each crew member prefers.  It's still just a promotion.  I seldom listen to GB, so I'm not sure exactly how it sounds on air though...

That's not what he is doing. Beck's not reading the ad copy. He's just telling people to buy gold and lists every reason but the fact he's being paid by Goldline to buy it. Now to most people it's blindly obvious that he's getting a portion of that money because when they go to commercial break there an ad for Goldline. It's like a doctor being paid to prescribe one pill over another, only a hell of a lot more obvious and not really ethically wrong. The ethics come in when Beck is shilling for gold and accepting advertising from probably the worst place on the planet to buy your gold from. But a fool and his money...
Title: Re: Gold
Post by: Trim on July 31, 2010, 04:04:38 PM
Even retards know the difference between a commercial and entertainment/news etc.

I don't know the difference between a commercial and entertainment/news etc.
Title: Re: Gold
Post by: Jeffy on July 31, 2010, 04:17:36 PM
Looks like there are several folks in this thread that got burned by buying Extenze from Ron Jeremy.

Title: Re: Gold
Post by: john "teach me how to" dougie on July 31, 2010, 04:51:46 PM
Radio shows often included the host promoting a product in a live, casual manner.  Kinda like Jim Rome talking about what flavor of 5-hour each crew member prefers.  It's still just a promotion.  I seldom listen to GB, so I'm not sure exactly how it sounds on air though...

That's not what he is doing. Beck's not reading the ad copy. He's just telling people to buy gold and lists every reason but the fact he's being paid by Goldline to buy it. Now to most people it's blindly obvious that he's getting a portion of that money because when they go to commercial break there an ad for Goldline. It's like a doctor being paid to prescribe one pill over another, only a hell of a lot more obvious and not really ethically wrong. The ethics come in when Beck is shilling for gold and accepting advertising from probably the worst place on the planet to buy your gold from. But a fool and his money...

You make it sound like gold is a bad investment.  Just because Goldline is not a good place to buy, gold has been a great performer for the last 2 years. Wish I had listened to GB.
Title: Re: Gold
Post by: 06wildcat on July 31, 2010, 05:35:17 PM
Radio shows often included the host promoting a product in a live, casual manner.  Kinda like Jim Rome talking about what flavor of 5-hour each crew member prefers.  It's still just a promotion.  I seldom listen to GB, so I'm not sure exactly how it sounds on air though...

That's not what he is doing. Beck's not reading the ad copy. He's just telling people to buy gold and lists every reason but the fact he's being paid by Goldline to buy it. Now to most people it's blindly obvious that he's getting a portion of that money because when they go to commercial break there an ad for Goldline. It's like a doctor being paid to prescribe one pill over another, only a hell of a lot more obvious and not really ethically wrong. The ethics come in when Beck is shilling for gold and accepting advertising from probably the worst place on the planet to buy your gold from. But a fool and his money...

You make it sound like gold is a bad investment.  Just because Goldline is not a good place to buy, gold has been a great performer for the last 2 years. Wish I had listened to GB.

Oh, oh, oh, we get to pick the time frames now. I'll stick with stocks purchased mid-March 2009. Much better return on gold. Gold is an OK investment for the right people. It's a terrible investment for the reasons Beck lists.
Title: Re: Gold
Post by: jtksu on July 31, 2010, 06:06:20 PM
Even retards know the difference between a commercial and entertainment/news etc.

I don't know the difference between a commercial and entertainment/news etc.


 :curse:
Title: Re: Gold
Post by: jtksu on July 31, 2010, 06:09:58 PM
Looks like there are several folks in this thread that got burned by buying Extenze from Ron Jeremy.



Dude, a porn star and a group of floozies seems like a pretty damn reputable source for medical advice to me.  The best part of the infomercials is their inability to ever clearly state what the product supposedly does.   Nothing shady about that...
Title: Re: Gold
Post by: john "teach me how to" dougie on July 31, 2010, 09:17:54 PM
Radio shows often included the host promoting a product in a live, casual manner.  Kinda like Jim Rome talking about what flavor of 5-hour each crew member prefers.  It's still just a promotion.  I seldom listen to GB, so I'm not sure exactly how it sounds on air though...

That's not what he is doing. Beck's not reading the ad copy. He's just telling people to buy gold and lists every reason but the fact he's being paid by Goldline to buy it. Now to most people it's blindly obvious that he's getting a portion of that money because when they go to commercial break there an ad for Goldline. It's like a doctor being paid to prescribe one pill over another, only a hell of a lot more obvious and not really ethically wrong. The ethics come in when Beck is shilling for gold and accepting advertising from probably the worst place on the planet to buy your gold from. But a fool and his money...

You make it sound like gold is a bad investment.  Just because Goldline is not a good place to buy, gold has been a great performer for the last 2 years. Wish I had listened to GB.

Oh, oh, oh, we get to pick the time frames now. I'll stick with stocks purchased mid-March 2009. Much better return on gold. Gold is an OK investment for the right people. It's a terrible investment for the reasons Beck lists.

Probably a bad idea to buy gold if you don't know what you are doing.
Title: Re: Gold
Post by: TBL on July 31, 2010, 09:53:21 PM
Beck isn't telling people to buy gold. It's plainly a commercial. He does say that he preferres pre 1933 gold coins, due to their value being more than the gold content. Like I said, he tells people to make up their own mind.
Title: Re: Gold
Post by: Dr Rick Daris on July 31, 2010, 10:14:43 PM
 I have really come to admire beck. Guy makes tons of money by first getting and then exploiting the large group of people that follow him. Kudos to him. 
Title: Re: Gold
Post by: jtksu on July 31, 2010, 10:43:26 PM
I have really come to admire beck. Guy makes tons of money by first getting and then exploiting the large group of people that follow hom. Kudos to him

I'll go along with that thought.  I don't listen to his show, so I know little about his politics but I can't hate a guy for being good at making money. 
Title: Re: Gold
Post by: Dr Rick Daris on July 31, 2010, 10:54:13 PM
Yeah. I mean it's pretty obvious that the guy hatched a scheme to make a ton of money by duping a v large group of idiots. I can respect that.
Title: Re: Gold
Post by: Jeffy on July 31, 2010, 11:33:25 PM
Yeah. I mean it's pretty obvious that the guy hatched a scheme to make a ton of money by duping a v large group of idiots. I can respect that.

And then everyone voted for him and made him president...

Oh...... you're still talking about Beck.  Sorry.
Title: Re: Gold
Post by: Kat Kid on July 31, 2010, 11:41:09 PM
Pretty much anyone who isn't investing locally (outside the stock/bond market), or in index funds is throwing away money.

It depends on how old you are. If you don't plan on cashing in on your investment for another 40 years, developing a diverse stock portfolio could be a good idea.

you can do this with index funds.

Yes, I know. I was just pointing out that there are multiple ways to successfully invest. Really, this is a great time for a young person who is capable of investing a few hundred bucks a month to do so. It's a great time to buy and a horrible time to sell.

It is never a good time for this investor.  Index funds limit the misery somewhat.

Google:  "Morningstar rating"

There are investment managers/teams that consistently outperform benchmark indices.  Janus and American Funds have a bunch of them.  Manning and Napier for international. 

Even after accounting for the increased fees?
Title: Re: Gold
Post by: 06wildcat on August 01, 2010, 12:16:26 PM
Beck isn't telling people to buy gold. It's plainly a commercial. He does say that he preferres pre 1933 gold coins, due to their value being more than the gold content. Like I said, he tells people to make up their own mind.

So he's not telling them to buy gold, but he prefers pre-1933 gold coins just in case? If you're a coin collector, then old and rare coins make sense. If you're investing in gold coins as a hedge against inflation that value isn't worth anything to you. You want gold bullion (makes good soup too). If you're worried about financial Armageddon, buy lead, brass and gunpowder.

Not that the average GB listener has any business buying gold in the first place.
Title: Re: Gold
Post by: Jeffy on August 01, 2010, 02:44:16 PM
Beck isn't telling people to buy gold. It's plainly a commercial. He does say that he preferres pre 1933 gold coins, due to their value being more than the gold content. Like I said, he tells people to make up their own mind.

So he's not telling them to buy gold, but he prefers pre-1933 gold coins just in case? If you're a coin collector, then old and rare coins make sense. If you're investing in gold coins as a hedge against inflation that value isn't worth anything to you. You want gold bullion (makes good soup too). If you're worried about financial Armageddon, buy lead, brass and gunpowder.

Not that the average GB listener has any business buying gold in the first place.

Agree with that.... Only I'd take it one step further... It's your constitutional obligation to buy lead, brass, and gunpowder.
Title: Re: Gold
Post by: SkinnyBenny on August 01, 2010, 04:00:57 PM
Beck isn't telling people to buy gold. It's plainly a commercial. He does say that he preferres pre 1933 gold coins, due to their value being more than the gold content. Like I said, he tells people to make up their own mind.

So he's not telling them to buy gold, but he prefers pre-1933 gold coins just in case? If you're a coin collector, then old and rare coins make sense. If you're investing in gold coins as a hedge against inflation that value isn't worth anything to you. You want gold bullion (makes good soup too). If you're worried about financial Armageddon, buy lead, brass and gunpowder.

Not that the average GB listener has any business buying gold in the first place.

Agree with that.... Only I'd take it one step further... It's your constitutional obligation to buy lead, brass, and gunpowder.


lol wut
Title: Re: Gold
Post by: Jeffy on August 01, 2010, 04:04:45 PM
Beck isn't telling people to buy gold. It's plainly a commercial. He does say that he preferres pre 1933 gold coins, due to their value being more than the gold content. Like I said, he tells people to make up their own mind.

So he's not telling them to buy gold, but he prefers pre-1933 gold coins just in case? If you're a coin collector, then old and rare coins make sense. If you're investing in gold coins as a hedge against inflation that value isn't worth anything to you. You want gold bullion (makes good soup too). If you're worried about financial Armageddon, buy lead, brass and gunpowder.

Not that the average GB listener has any business buying gold in the first place.

Agree with that.... Only I'd take it one step further... It's your constitutional obligation to buy lead, brass, and gunpowder.


lol wut

http://hubpages.com/hub/Dont-Own-A-Gun-Thatll-Be-500-Please

http://www.usconcealedcarry.com/public/83.cfm

Title: Re: Gold
Post by: Rage Against the McKee on August 01, 2010, 04:12:00 PM
 :facepalm:
Title: Re: Gold
Post by: Jeffy on August 01, 2010, 04:16:33 PM
:facepalm:

It's ok.  There are definitely some of you I wouldn't want carrying a gun anyway. 
Title: Re: Gold
Post by: Rage Against the McKee on August 01, 2010, 04:31:46 PM
:facepalm:

It's ok.  There are definitely some of you I wouldn't want carrying a gun anyway. 

What do you see as the pros and cons of making gun ownership mandatory?
Title: Re: Gold
Post by: Sugar Dick on August 02, 2010, 10:46:33 PM
Pretty much anyone who isn't investing locally (outside the stock/bond market), or in index funds is throwing away money.

It depends on how old you are. If you don't plan on cashing in on your investment for another 40 years, developing a diverse stock portfolio could be a good idea.

you can do this with index funds.

Yes, I know. I was just pointing out that there are multiple ways to successfully invest. Really, this is a great time for a young person who is capable of investing a few hundred bucks a month to do so. It's a great time to buy and a horrible time to sell.

It is never a good time for this investor.  Index funds limit the misery somewhat.

Google:  "Morningstar rating"

There are investment managers/teams that consistently outperform benchmark indices.  Janus and American Funds have a bunch of them.  Manning and Napier for international. 

Even after accounting for the increased fees?

The difference in fees between an index fund and an average mutual fund is like .5 to 1.0% more.  So yeah, even with the fees a bunch of guys destroy the indices.

Your point on "local money" is dead on though.  :cheers:  If you have the resources, and the risk appetite, definitely the way to go.  Most people don't.
Title: Re: Gold
Post by: Kat Kid on January 23, 2012, 06:46:39 PM
Pretty much anyone who isn't investing locally (outside the stock/bond market), or in index funds is throwing away money.

It depends on how old you are. If you don't plan on cashing in on your investment for another 40 years, developing a diverse stock portfolio could be a good idea.

you can do this with index funds.

Yes, I know. I was just pointing out that there are multiple ways to successfully invest. Really, this is a great time for a young person who is capable of investing a few hundred bucks a month to do so. It's a great time to buy and a horrible time to sell.

It is never a good time for this investor.  Index funds limit the misery somewhat.

Google:  "Morningstar rating"

There are investment managers/teams that consistently outperform benchmark indices.  Janus and American Funds have a bunch of them.  Manning and Napier for international. 

Even after accounting for the increased fees?

The difference in fees between an index fund and an average mutual fund is like .5 to 1.0% more.  So yeah, even with the fees a bunch of guys destroy the indices.

Your point on "local money" is dead on though.  :cheers:  If you have the resources, and the risk appetite, definitely the way to go.  Most people don't.

Can we get an updated list of guys destroying the indices?

TIA
Title: Re: Gold
Post by: puniraptor on January 23, 2012, 07:07:47 PM
Did not read thread but I can contribute the following;

Bullets and gas are the currency of the future.
Title: Re: Gold
Post by: Rage Against the McKee on January 23, 2012, 08:51:57 PM
Did not read thread but I can contribute the following;

Bullets and gas are the currency of the future.

There will be no gas. Bullets and water is more accurate.
Title: Re: Gold
Post by: Trim on January 23, 2012, 09:09:35 PM
Whoa, Real Sugar Dick.
Title: Re: Gold
Post by: Brock Landers on January 24, 2012, 09:35:59 AM
Did not read thread but I can contribute the following;

Bullets and gas are the currency of the future.

There will be no gas. Bullets and water is more accurate.


QFT, lead will be the only precious metal that matters in a Glen Beck style financial apocalypse.
Title: Re: Gold
Post by: Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) on January 24, 2012, 08:08:53 PM


Can we get an updated list of guys destroying the indices?

TIA

Mitt Romney

JATTX
MFCFX
SGROX

Your computer could probably be used to find some more.