Jun 14, 2010

Fred Hickey on the media's attitude towards gold

The media remains outright hostile towards [gold]. Last month Fortune magazine titled a story, "The Coming Gold Bust." Time Magazine had its own version: "Is Gold About to Bust?" CNBC host Simon Hobbs foams at the mouth when he speaks about gold. Last month Hobbs asked a gold bull the following loaded question: "So Jerry, would you still be advising widows and orphans to join the great pyramid selling scheme to buy gold in the hopes that others will follow you and push the price still higher?" For good measure, Hobbs declared at the end of the segment that "Gold isn't a store of value, it's a nonsense!"

~ Fred Hickey, editor, The High-Tech Strategist, June 4, 2010

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