re: #32 freetoken

Oh, I forgot…

BUY GOLD!!

I have been buying gold for years, slowly but regularly, a few ounces at a time. But when the recent gold mania started, I stopped. I haven’t purchased any since the price exceeded $1100/ounce.

Why?

I figured when Glenn Beck starts advertising it, it’s time to stop buying it. I feel confident with this logic. It’s inflated now, just like “beanie babies” were.

Of course, the product that Beck advertises is a horrible deal on top of the mania. He’s selling coins with alleged numismatic value for about 60% over spot price per ounce. You can buy Krugerrands for about 5% over spot. Only the real naive gold people will buy gold in coin form where the coins have some presumed value over the value of the metal. The twisted logic is that, because the government had an exception for historic coins when gold was confiscated in the past, these alleged rare coins would be “non-conficatable” in the future.