As often happens when the stock market is booming, commodities such as gold are experiencing a slump in the global markets. In fact, gold is currently off to the worst start of any year since the 1980s, and as Quartz’s Matt Phillips points out, “has done a whole lot of nothing since September 2011.” Phillips goes so far as to declare gold “the worst investment of 2013.”
To those who take their investment advice from the right-wing media, this must come as a shock. Since Barack Obama became president, pundits on the right have been falsely insisting that hyperinflation is right around the corner — and urging their viewers and readers that investing in gold is their only logical choice.
Here are five right-wingers whose investment advice has turned out to be less than golden: