I have to say that I am pretty impressed with Glenn Beck's sweet little gig. He preaches panic and fear on his show with 24/7 discussions of how Obamanomics will lead to hyperinflation. Then, Beck turns around and promotes gold on the side as a hedge against inflation. Then, his viewers rush to buy gold, which is already at historical highs not seen since the early 1980s. You have to hand it to Glenn Beck. He not only preaches capitalism. He practices it.
:crazy:
http://www.huffingtonpost.com/2009/12/11/stewart-catches-glenn-bec_n_388362.html
With the value of gold on the rise, Jon Stewart was determined to get to the bottom of what may have caused the increase. The likely fanner of these flames: yep, Glenn Beck.
After noting that gold goes up when people are panicked or concerned, Stewart sat back and enjoyed the greatest hits from "Beck's hour-long nightly fear-cast." That alone wouldn't be enough to credit Beck for initiating this gold rush, but his role as spokesman for Goldline, an internet site where you buy gold, surely sealed the deal. Stewart recapped:
"Glenn Beck is paid by Goldline to drum up interest in gold, which increases value during times of fear; an emotion reinforced nightly on Fox by Glenn Beck."
Calling Beck's ethics into question, Stewart finished by stating, "You can't spell 'gold' without G-O-D."