Beck's advise has been golden so far

[rockon]

money.msn.com/market-news/post.aspx?post=df4333db-23de-4a9d-9053-560b7dd29c43&_nwpt=1>1=33002
Wow Gold and Silver investments have performed incredibly well but not sure if I would want to increase my position now. Even the ones who hate Beck would have to admit he was right on this one. People and countries every where must finally recognize that the United States leadership has put our countries economy and financial security at great risk and feel safer owning hard assets than our currency.

[djAdvocate]

considerably better than his conspiracy theories.

[ugonow]

A lot of fund managers do well that way too.It is called pump and , or selling a product. But how do we explain away the record profits or the double digit returns in other investments if we went off this cliff he warned of?

[verrip1]

Jul 18, 2011 15:23:44 GMT -5 rockon said:

Even the ones who hate Beck would have to admit he was right on this one.

Yes, Beck was quite astute at taking Goldline's advertising dollars when they were offered.

[AgeOfEnlightenmentSCP]

Bought food yet? Gonna have trouble eating gold.

[handyman2]

Yep should the economy tank holding gold for the average person will do them little good. They will be forced to convert to dollars that will be useless. Buying and selling gold is no different than playing the market. Value here today gone tomorrow. Will some make money from it/ Of course but I bet the little investor at home won't.

[djAdvocate]

Jul 18, 2011 18:23:31 GMT -5 AgeOfEnlightenmentSCP said:

Bought food yet? Gonna have trouble eating gold.

yep. i bought NSRGY at $33.

[rockon]

Yes not much satisfaction or security in owning gold in my book but the value increase must be an indicator of how investors and other countries lack confidence in our countries dollar value. They are smart enough to recognize that we continue to head in the wrong direction and that the fundamentals of our economy are still not good while we stand around with our heads buried in the sand, dreaming of a better tomorrow, arguing about how much or little to reduce our deficit spending instead of demanding real change.

[djAdvocate]

Jul 19, 2011 6:18:32 GMT -5 @toughtimes said:

Buying at the top. Yes, that works.

NSRGY is selling for $60. or were you talking about gold? gold is still running, but yes. it is a bit late to the party.

[safeharbor37]

Beck is an interesting guy. He does tend to go overboard [imho], but has some interesting takes on a lot of things. I've not stocked up on survival food, gold or "guns and ammo," but that's at least partly because I was around when Howard Ruff {Ruff Times} was predicting Armageddon during the 1980's [it didn't happen then either]. FWIW; Ruff still runs an investment news letter.
Gold is a commodity and should the time come when our survival depends on survival food, guns and ammo, and gold with which to trade, most of us [particularly the old and infirm] won't survive anyway so ~ I remain optimistic about the future ~ even the socialism which is slowly overtaking us. It could be worse.