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Radio Talk Show Hosts vs. Common Sense – BUY GOLD!


Anyone listening to talk radio hears the talking heads push gold as a sound investment.  Conservative shock jock Micheal Savage does it,  Glenn Beck does it,  Liberal talkers Randi Rhodes and Thom Hartmann do it, even though I can’t find a link for you.  How can corporate hating liberals and “return to the gold standard” conservatives agree on gold as a good investment?  But they also agree on other sponsors, such as Gotomypc, just to name one….but let’s get back to gold.

Dave Ramsey, a Christian financial adviser radio talker, says this idea that gold is a good investment is a myth.  Ramsey says:

Dave Ramsey

“Truth, gold has a poor track record. That’s being real nice. Gold sucks. I don’t care how many ads you see on TV or listen to on talk radio, do not buy gold as an investment. Listen, you’re playing the commodities market, come on. Seriously, this is the most volatile market on the planet. Well, gold is what everybody goes to if the world comes to an end. A failed economy does not return to the gold standard. Show me one since the Roman Empire that did. It never has.”  “This survivalist crap does not work with gold deal. And gold has a 70-year track record of 4.3 percent average annual return. That is horrible. It does even keep up with inflation.” “From 1833 to 2001, the compound annual growth rate of gold was only 1.54%.”  “Gold is the new Snuggie. You buy it off late-night cable and end up looking stupid. Everyone is talking about it, and everyone wants to get involved. But think about it. If you were going to invest in gold at all, would you really want to buy it at its 176-year high?”

Neil Boortz

Hotlanta Conservative radio talker Neil Boortz once said his job as a radio talk show host to get listeners to listen to the commercial breaks – a true honest capitalist.  So if talk show hosts will deceive you in their commercials for cash, why would we think they wouldn’t deceive us in their content between radio commercials?

Al Franken might have been on to something in this skit from Weekend Update in 1980.

Related Links

Radio Host Glenn Beck

About Blayne Clements




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2 Responses to “Radio Talk Show Hosts vs. Common Sense – BUY GOLD!”

  1. Blayne Clements Says:
    March 29th, 2010 at 9:53 pm
    Blayne Clements

    A financial advisor, who read this article, contacted me stating that gold is a good investment. He stated that my article was contradictory. He was correct.

    Why should I assume Dave Ramsey, another paid radio talker, is honest when he pushes NOT investing in gold?

    Very good point.

    But I have come to find Dave Ramsey level minded on [personal finance issues. As a finance major myself, I find his prinicples sound, although at times they seem a bit unreasonable like paying cash for a house.

  2. Doug Digger Eberhardt Says:
    March 30th, 2010 at 2:13 pm

    Hi Blayne, Speaking as the financial advisor you referenced, hehe…yes, Ramsey is level minded on personal financial issues as is Suze Orman.

    Most of these folks miss the boat when it comes to gold though. I set up a Google “key word” search to find their articles and set them straight. That’s how I found you!

    Just trying to bring good info to the table…for discussion.

    Thanks for the article…and you’re right about the bias of those on the radio. Mark Levin is another prime example of touting the gold with a vested interest.


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