Is the Glenn Beck Gold Scandal about shilling for money or is there another side to this story? I’ll take a closer look at the media hype and what is really going on with gold and Glenn Beck. Read between the lines and there is a lot to learn from the Glenn Beck Gold Scandal, unfortunately not many can see the forest from the trees.
New Buygoldco Feature Coming Soon!
Before my examination of the Glenn Beck Gold Scandal, I wanted to announce a new feature that is coming shortly to BuyGoldco. Starting this week I am going to start analyzing my favorite gold stocks and laying out the case for why they will shine as the U.S. dollar deteriorates and gold takes off towards new highs. The first stock up will be Royal Gold (RGLD) representing the royalty section of the gold stocks.
These company overviews will come out periodically as I go through the stocks that are in my portfolio and ones that I am considering adding or deleting from my portfolio. These in depth looks at the major players in my gold portfolio will give you a snap shot of how I see the market playing out and who I think is best positioned to profit from the gold run that is just beginning. The articles will remain on the site and provide a quick reference guide when considering adding new positions to your gold stocks. As an added benefit, they will create a permanent “batting record” for my gold stock picks, so look for them periodically, starting this week with Royal Gold, (RGLD).
Glenn Beck Gold Scandal!
When in doubt, why take the heat for what you are really up to? The best course of action is to distract the “sheeple” and do your dirty deeds in the shadows.
Thar’s gold in them shills! Fox raps Glenn Beck’s
By Jeff Bercovici
Glenn Beck’s dual embrace of gold — as an investment vehicle for his listeners and a personal moneymaking opportunity for himself — has drawn boos from various journalism watchdogs. And now it looks like the talk-show host’s close relationship with one purveyor of gold coins has gotten him in a bit of trouble with his employer Fox News.
Beck is prominently featured on the website of Goldline International, a vendor of “gold, silver, and platinum coins and bars as well as rare and collectible numismatic coins.” According to the site, Beck is a “paid spokesman” for the company. “This is a top notch organization,” a thumbnail photo of Beck’s head declares.
Beck regularly does “live reads,” or live commercials, for Goldline on his syndicated radio show, and has even interviewed Mark Albarian, Goldline’s president and CEO, twice on the show, most recently on Nov. 12, 2009.
Critics including Media Matters say it’s a major conflict of interest for Beck, who has often advised the viewers of his Fox News program to buy gold to protect themselves against the collapse of the dollar — and of Western civilization — without informing them of his Goldline deal. (Politico recently took an in depth look at Beck and other right-wing talkers gold ties.)
Like other news organizations, Fox News prohibits its on-air personalities from making paid product endorsements. But it makes an exception for its commentators who are also radio hosts, who are allowed to perform live reads, says Joel Cheatwood, senior vice president for development.
“When we hired Glenn at Fox News, we hired him with the understanding that he had a well-established, burgeoning radio business, and we had to be accepting of certain elements of that,” Cheatwood tells DailyFinance, noting that Beck’s relationship with Goldline dates back to his time at HLN, CNN’s sister network.
The same understanding applies to Don Imus, who recently started simulcasting his radio show on Fox Business Network. (An MSNBC spokesman says his network has a similar policy in place, while a spokeswoman for CNN said only, “CNN/US anchors and correspondents are prohibited from participating in any paid endorsements of products and services.”)
But the exemption is meant only to apply to live reads, not to the kind of broader spokesmanship Beck, to all appearances, provides Goldline. In particular, Beck’s ubiquity on the Goldline website is not in keeping with Fox’s rules. A Fox spokeswoman said the network’s legal department is taking up the matter with Beck’s agent, George Hiltzik.
Even so, it could be argued that taking money from a gold vendor in any form creates a conflict of interest that calls into question Beck’s objectivity on stories touching on gold’s investment value. I asked Cheatwood whether Beck is capable of covering the issue in an impartial way.
“I think the beauty is he doesn’t operate in a vacuum with the show,” he said. “He’s got a staff. I’m involved with the show daily. The rundowns of the show are circulated through Bill Shine,” the network’s senior vice president of programming. “It’s a cooperative effort.”
“If gold declines and the dollar goes up,” Cheatwood added, “I absolutely guarantee the reporting will be that on the show.”
Here is another take on the alleged scandal, from The Post Chronicle, with an interesting twist that actually shines a light on the bigger story.
Glenn Beck Gold Endorsement Hypocrisy?
by Mike Baron
U.S. talk show host Glenn Beck finds himself fending off hypocrite allegations after his endorsement for viewers to buy gold on his show.
It’s not Beck’s endorsement that has raised the ire of some of his opponents, it is the perceived hypocrisy of criticizing the President of the United States for allowing a convicted felon, Robert Creamer, to attend the State Dinner.
Creamer spent 5 months in prison for tax violations and bank fraud. He also served and additional 11 months of home confinement.
Beck has railed on this and his detractors feel that his tie to “Rosalind Capital” and its endorser G. Gordon Liddy, make him one that talks out of both sides of his face.
If you watch Beck’s show, than you know that every other commercial break features Liddy promoting gold as a safeguard against the falling dollar in our economy.
Liddy served four and a half years in prison for his role in the Watergate scandal.
Are these two scenarios one in the same? Hardly.
For starters, G. Gordon Liddy does not influence policy in this country. G. Gordon Liddy is also not attending White House functions.
Liddy is a spokesperson for a private enterprise not currently associated with, doing business with, or otherwise involved in the dealings of the federal government or office of the president.
The real question to ask right now is this: How did a convicted felon get security clearance to be in the White House?
The following is the paid advertisement that the article refers to.
I don’t know about you, but I don’t know anyone who thinks that Glenn Beck is a journalist. He is a radio and TV talk-show host who is out there giving his opinions to anyone who wants to listen. He makes no false pretenses about being a journalist. This is a non story that is being promoted by a political agenda that does not want America to see what is happening to it under the guise of the “progressive movement”.
When I last checked, free speech was still allowed in this country. Unfortunately that is not going to last long if the left continues running America into the ground. If you don’t like what Glenn Beck says, change the channel, its that simple. The political party that preaches diversity and tolerance, practices neither!
Which is worse, Glenn Beck supporting gold as a means to protect wealth while having a gold merchant as an advertiser on his show, or the U.S. Government stealing private citizens wealth through the hidden taxation of inflation? The agenda of the current administration is designed to “level the playing field” by bringing the U.S. standard of living down to that of the third world. That is what they are doing when you take the time to examine their policies.
Once again, I ask which is worse, providing a means to protect your wealth, or providing the policies that will destroy it? Gold will provide the insurance that you need to survive what President Obama and the progressives have in store for you. The so-called news media is really the villain in this tale because they are not acting as the control on government that they were intended to be. They main stream media has abdicated its role and have become the “Pravda” wing to the “progressive” government. How’s that hope and change “cr%%$#@p” working for ya?
Robert Creamer, An Ideologue You Should Know About!
For those of you that have not heard of Robert Creamer and his relationship to the President Obama, here is a thumbnail sketch.
Robert Creamer is a senior Democrat operative who defrauded banks in order to keep his Marxist community organization afloat and is the author of Stand Up Straight: How Progressives Can Win, which leftists say has inspired them in their attempt to turn America into a European style socialist country.
The ex-felon is a disciple of the Marxist founder of community organizing, Saul Alinsky. Does President Obama’s mentors name ring a bell? He’s also the husband of Rep. Jan Schakowsky (D-Ill.), one of Capitol Hill’s most prominent promoters of big government health care. Rep. Schakowsky has confirmed in speeches that the Democrats “public option will put the private insurance industry out of business and lead to single-payer. Creamer founded the radical group Illinois Public Action which makes him an immediate hero to the left, whose members don’t care that he wrote a series of bad checks to pay his salary and meet other financial demands, which resulted in his time in prison and his felony record.
This should be the big news story that came out of President Obama’s first state dinner, not the fluff about the party crashers. Why is a felon allowed access to the President? Is this the “hope and change” that you were looking for. The more we learn about the ‘”community organizer in chief”, the more his Marxist upbringing is coming out. WAKE UP AMERICA! The barbarians are at the gates!
This president has created more debt in the first 10 months of his administration than all of his predecessors combined! If you needed a reason to acquire gold, than President Obama should be number one on your list. Forget the politics, he is destroying America, while we sit and watch. Protect yourself while you still can, buy gold!
The Glenn Beck Gold Scandal is a ruse that is covering the really big story, namely the selling out of American freedoms.
Take a minute and check out the debt clock if you need a reason why gold will go through the roof in the coming years.
Friday December, 4th saw the first fall in the price of gold in quite some time, The current pullback has continued for the last six trading sessions. This is a long overdue correction and should not be a cause for panic at this time.
Spot gold has moved $111.40 from its high to its low, and the drop may not be over yet. Next week will tell the tale on that story, but so far it looks like the $1,100 price will hold. If $1,100 holds, gold should move sideways for a while and consolidate before moving to $1,278. If it gold does not hold the $1,100 level, look for $1,078 and then, in my opinion, on the outside $1,045 which offers solid support.
This correction should be used as a buying opportunity. I know that I was buying last week, and I hope that you were too!
Read between the lines and there is a lot to learn from the Glenn Beck Gold Scandal, unfortunately not many can see the forest from the trees.
Till next time, good luck and good trading!