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Dear Glenn, So should we invest in gold ... or silver?

December 11, 2009 8:07 pm ET

From the December 11 edition of Fox News' Glenn Beck:

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    • Author by DAWUSS (December 11, 2009 8:18 pm ET)
      2 1
      Diversify ;)


      In other words, both
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    • Author by Boxer1979 (December 11, 2009 8:22 pm ET)
      4  
      Dear Glenn, So should we invest in gold ... or silver?

      I am for investment, but we should not use investment as a fearmongering tactic to scare people to not trust our primary means of currency. The dollar sunk due to no investment of our own country's made products for sale to other countries and by our own people. Most products bought here are form other countries and is building up their currency. That is why the Euro for instance is killing our dollar in exchange rates. That was never the case before in some countries, but it need to change. Bring back fair trade and take away free trade. Build USA products by USA businesses with USA citizens.
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      • Author by MaineiacMan (December 12, 2009 9:36 am ET)
        1  
        No, the dollar has sunk because our national debt is OUT OF CONTROL. Polticians have run up the debt so high that our largest creditor (China) is now divesting away from the dollar and purchasing commodities. Commodities like GOLD and gold mines, silver and copper mines. China knows the train wreck is coming and they dont want to be holding dollars when it hits. It is ALL about financial responsibility and our politicians have shown NONE. It is always about 'bringing home the bacon' to constituents and special projects to keep getting re-elected.
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        • Author by Boxer1979 (December 12, 2009 10:54 am ET)
          1 1
          No, the dollar has sunk because our national debt is OUT OF CONTROL.

          Regardless of how you want to think about it. Our national dollar is built on how we purchase and sell our merchandise in this country. Free trade has sunk our dollar. We import more in this country then we export.
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      • Author by blk-in-alabam (December 12, 2009 10:04 pm ET)
           
        A low dollar will bring back USA manufacturing,by boosting USA exports.The only way China could compensate with their currency artifically tied to the USA dollar would be to buy more USA imports.The Reagan Adminstration killed USA manufacturing by artifically keeping the dollar high.Six months to a year before the 2008-2009 recession Britian,and Europe helped asure economic colapse by keeping interest rates high while the USA cut rates.A dropping dollar will help USA economy.A dropping dollar will feed money to resource intensive USA industry for expansion.Working people have been fooled that inflation is their enemy.Inflation is an indicator of more money getting to main street.Inflation is an indicator that people on main street networth is increasing.Inflation is the indicator when tax cuts are needed.Because that is the time working people experience tax bracket creep from their rising incomes
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    • Author by EmacsRazor (December 11, 2009 8:27 pm ET)
         
      Looks like it's time to sell gold.

      http://www.investopedia.com/terms/g/greaterfooltheory.asp

      The greatest fools have arrived.

      ER.
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    • Author by drempala (December 11, 2009 8:42 pm ET)
      5  
      When he said that his wife would like it because it was a physical asset, was that a double entendre?
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      • Author by canaanxing9025 (December 12, 2009 1:39 pm ET)
           
        drempala:

        Evidently her husband was lacking something in physical assets.
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    • Author by Publius39 (December 11, 2009 8:59 pm ET)
         
      If Beck had two brain cells to rub together, he would understand that gold is in a bubble that is about to burst in the next few months as the economy comes out of this recession. Gold is very volatile and speculative, used to hedge against loses in the market. Once the market comes back, people are going to pull out of gold and shift their money back to the dollar.
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    • Author by pete592 (December 11, 2009 10:47 pm ET)
      1  
      Tough economic times sure can bring out the opportunists in droves.
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    • Author by thundavolt (December 12, 2009 2:41 am ET)
      1 1
      this bubble is on he verge taking down so many hard earned dollars with it. It's going to cause more harm when the price of Gold falls. Why is no one thinking of that?
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    • Author by farans195 (December 12, 2009 10:33 am ET)
         
      Actually I have heard Tom Hartman shilling the same stuff. What about it? I think Beck should be arrested for being stupid, but if you are going after Beck, they may bring up Hartman. Just something to look into.
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    • Author by blk-in-alabam (December 12, 2009 10:11 pm ET)
         
      If people want to know if gold and silver is a good investment,ask the people who sell them.They are trading all their gold and silver for dollars.As many as you would like to exchange.Do people ever stop and think.
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      • Author by reboot_10 (December 12, 2009 11:46 pm ET)
           
        DITTO
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      • Author by carlh (December 14, 2009 11:01 am ET)
           
        My main problem with places like Goldline is that, while they obviously have the right to make a profit, they clearly overinflate prices while saying they're giving a good value. Anything they sell can be bought for 5-10% less elsewhere.
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