You just have to wonder if those who actually listened to Glen Beck and his
sponsor followed his advice and dove into Gold on the promise of the collapse of
the US dollar. I feel bad for those people who fell for theatrics rather than
sound reasoning that should be provided by experienced financial experts.Gold is one of the least "needed" of the metals... it has little
value other than a luxury and a status symbol. Hedging your future on something
the supports vanity is never a good strategy. If you want safety in
commodities... there are far better choirs.
All these outfits that buy and sell gold based on irrational fears are just
ripping people off.
I completely agree with these first two comments. Fear- mongering by talk show
hosts, who peddled gold on a large scale, during their commercial breaks, was
suspect, from the get-go. If a person has some basic understanding of economics,
that person can easily understand that precious metals are only a wise
investment, in moderation. An investor will lose a tremendous amount of money,
for most cases, if he or she places too much speculation in that area. During a
recovery, even if it's a slow one, ultimately makes gold a loser. Sell it
while you still can.