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Glenn Beck Gold Scandal!

December 12, 2009 Gold Investment, Market Movers, Politics 10 Comments

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!

Marginalizing The Messenger?

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

endorsement deal

Daily Finance

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.


Gold Update

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.

Gold Going Down!

Gold Going Down!

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!

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Currently there are "10 comments" on this Article:

  1. Cheers, I read all your posts, keep them coming.

  2. Dennis says:

    Americans need to wake up the fact that Beck is simply another opinion pushing charlatan who is a product of mormon cult theology and he mixes this with his personal make up as a dry alcoholic. And for the record, he is a Mormon and not a Christian. As someone with a graduate degree in religion, I can say with all qualifications that Mormonism fits all parameters of a cult and has none of the parameters of a religion. A cult is any group (regardless of its size) that interprets the doctrines of a religion in an unorthodox fashion. The problem here is the fact the most Christians do not understand the difference and they easily fall for the lies of Mormon missionaries when they come to one’s door. On Beck’s radio show and Fox Network program he consistent demonstrates all the unstable behaviors of a dry alcoholic which include grandiosity, judgmentalism, intolerance, impulsivity, ADD and indecisiveness. Alongside that reality, Glenn Beck does not possess a single ounce of journalistic integrity, has no college degree, has no qualifications and he is definitely not a true conservative. But then, what can anyone expect from someone who can’t find anything filthier than their own personal reflection. Since people like Beck cannot survive on the basis of any personal merits, they survive by putting others down with lies and half truths in order to feel good about themselves. The truth about Beck is that he a dry mormon alcoholic who never got the counseling required for alcoholics. To further complicate things and confuse people, Beck flippantly throws around Christian terms like “God”, “Jesus”,”Holy Spirit” as well as voices of other so called “Spirit Powers” on his radio talk show. Beck is a mormon in active standing with the mormon church and is not a Christian. Mormonism teaches many gods, that the god of the earth was once a man who attained godhood status, there is no trinity, the cross of Christ means nothing and that Jesus Christ and Satan were brothers. Because Beck does not possess a single ounce of journalistic integrity, he is the perfect abortion poster child for Fox Network. The people who love what Beck says are no different than the impressionable sheep who loved every speech made by Adolph Hitler in his early years when he brought Germany into an era of economic prosperity These same sheep also blindly followed Hitler into one of the darkest chapters of world history. Beck and the Fox Network both cater to the same lowest common denominator of demagoguery. Beck would not know the first thing about God as he is a mormon. Someone should ask him which of the many mormon gods he kept talking about during his argument with himself on Saturday on the square in DC. Like a typical dry alcoholic, Beck even lied on national television when he spoke about holding a document signed by George Washington. That event never took Place. Unfortunately, people who love being led around by the nose do not realize that Beck is talking about a different god than that of Christianity, Judaism or Islam and that he has been a product of mormonism cultism from the day he started doing a radio talk show as an opinion pusher. You don’t have to have a degree in psychology to see that he exhibits all the signs of a dry alcoholic. The only reason this unstable impressionable idiot fell into mormonism was because the woman he wanted to have sex with would not do so unless they got first got married and from that point, they joined the mormon cult. Glenn Beck is as big a charlatan as Josephs Smith or that 5th grade graduate (Charles T Russell) who started the Jehovah’s Witness cult. This is Glenn Beck in a very accurate and concise nutshell. Considering the fact that Becks personal views are extreme Marxist Libertarian, his form of patriotism is false and he is a person who has no real substance or depth. It will not surprise many of us when Beck’s next big thing is to come out of the closet and announce his homosexuality to the nation. Simply put…he is just another predatory neocon who is pushing the buttons of very ignorant & impressionable people who love being told what to think and believe. We live in a period of history where it has become socially acceptable to be stupid and follow extremist idiots like Glenn Beck, Adolph Hitler, Sarah Palin, Karl Rove, Dick Cheney and Rush Limbaugh. Chicanery and lies are their middle names.

  3. goldbug says:

    All of you left leaning devotees out there need to get a grip. Freedom of speech is the first amendment of the Bill of Rights for a reason. Read it and understand it:

    Amendment I

    “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances”.

    Why is it that the left is always first to take away rights and liberties in the name of improving the social order for the good of all? Eighteen months of “Obamunism” has done more to destroy freedom and liberty in this country than all of the past “conservative ” administrations combined!

    If you don’t like Glenn Beck, don’t listen to, or watch him. That is what freedom is all about, but I guess it has no meaning to you unless you can control it or take from it. The Democrat motto for the 2012 election should be, “We have what it takes to take what you’ve got”.

    Have a Nice day!

  4. Big Daddy says:

    Oh Brother! One of Beck’s sycophants (Gold Bug) just surfaced. Even now he is probably masturbating to Fox extremist opinion pushing video footage of Sarah Palin or Christine O Donnell. Hey Gold Bug, you and your kind can blame the black man all you want for the damage that your daddy Bush & his neocons did to this nation. However, those of us with eyes wide open see things for what they really are and refuse to be led around by the nose by opinion pushers like Beck, Limbaugh, O Reilly, Hannity, Palin, O Donnell and others like them who pervert truth, history & the facts.

    The only thing you have is serious absence of purpose in life. Fortunately for big zeros like you, the US Constitution protects your right to be a loser. Get a life!


    Another One of Your Daddies

  5. goldbug says:

    Boy the Lefties are really getting riled up these days. I guess that’s what happens when you realize that the center right country that you live in is sick and tired of being dictated to by the left wing minority.

    You can always tell that you have won the argument when they call you a racist. No facts to back their crazy ideology, so they drop the race card. Pathetic is too kind a word to describe the moral bankruptcy of the Leftists.

    Keep drinking the Kool-Aid Big Daddy,


  6. CHAZ says:

    Goldbug,I’m glad to to see that you don’t wear a pair of “politically correct- rose colored glasses” . Big-Daddy and Dennis seem to be wearing an exceptionally thick pair of them. Example with “pc-rc glasses” on,” fundementally change”,they see and hear no more previous Bush type politics. Without “pc-rc glasses” we hear” we progressives are going to take away your life, liberties and pursuit of happiness”. I don’t know what people hope to gain by living under the progressive hammer because when it falls we then are doomed.Those that are wearing the “pc-rc glasses”will never see the hammer falling until it is too late.Stay the course Goldbug.

  7. VET says:

    People! People! Stop fighting, PLEASE! and BUY GOLD AND SILVER, I’m Making a killing!
    p.s. Glen Beck is the man.

  8. Marine says:

    Well said VET, Glen beck is a great American patriot, and progressivism is killing this country. Also I agree completely goldbug that when the left run out of ways to counter the facts they always claim that you must be a racist. and if anyone would pay attention Obama ain’t black. He’s mixed. He has a white momma and grandparents who raised him. which according to my math if you have a white mom and a black dad, that makes you just as much white as it does black. Race is irrelevant Obama is an idiot who is running this country into the ground and continually blaming his failures on bush. Bush has been out of office for 2 years, any problems now are all from obama. By doing all this blaming he shows that he is Not a leader, and has no integrity or accountability. Take credit for your mistakes and your win falls. Bush definitely had failures in his policies as well. What people need to realize is that whether you listen to the progressives or the conservatives you are still being “lead around by the nose”. everyone needs to wake up and think for themselves, learn how to be self sufficient and quite relying on someone else to take responsibility for them and their lively hood and get off the government TIT! ! ! ! !

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  10. Doug B says:

    those buying gold and guns over the last 12 months to prepare for the meltdown are well positioned. to shoot themselves.

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