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Wednesday, September 28, 2016

gold bullion

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:

  • There was a general named Smedley. He wrote that war was a racket.

    These guys like war. They like panic. They like making everyone go out and get investments like gold.

    They are backed by financiers who want all the money.

    Is it any wonder that gold investment turned out to be as much of a racket as war and the military industrial complex?

  • progressiveandproud

    Anyone who listens to and believes these people deserves to lose everything they invest.