Gold: Not Just for Right-Wingers!

American Mint

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When Glenn Beck talks, people listen. Too bad he’s the last person you should be getting investment advice from—especially when he plugs gold and his favorite gold dealer, Goldline. Of course, Beck is hardly the only right-wing gold pitchman—virtually every major conservative talker, from Rush Limbaugh to G. Gordon Liddy, has endorsed a gold seller. But, as several readers have rightly pointed out in response to MoJo‘s story about Beck and Goldline, prominent left-wing radio hosts have jumped on the gold bandwagon as well. Ed Schultz and Thom Hartmann have both endorsed ITM Trading, an Arizona company that, like Goldline, pushes gold coins as “the best way to own gold” and likes to cite the 1933 executive order banning gold hoarding. As I write this, I’m listening to Schultz, whose website announces that he’s just about to chat with ITM’s Craig Griffin about “why we are seeing record gold prices.” 

That type of guest appearance is par for the course on talk radio, no matter the political stripe, where the lines between commercials and content can get pretty blurry. So does Big Eddie think that promoting gold squares with being a “straight talking, no-nonsense voice of reason in unreasonable times”? Or does even a good progressive have to pay the bills? Or both? I’ve contacted Schultz, Hartmann, and ITM for comment. Stay tuned.

UPDATE: Schultz just spent seven minutes chatting with Griffin, whom he ID’d as an advertiser as well as a longtime “contributor” to his program. The conversation hit many of the standard gold selling points—its price is skyrocketing, the value of the dollar is being undermined by the federal debt—though it noticeably lacked the apocalyptic feel of Beck’s gold pitch. Nonetheless, Schultz didn’t mince words. “I own it and I think you should too,” he concluded. Gold, he added, is “a very safe, solid, and growing investment.”

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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