So Glenn Beck was right about gold
Glenn Beck's investment tip to buy gold turned out to be eerily accurate following the stock crash on Monday: as U.S. stocks flounder, gold rose to a record high, and appears to be the most coveted commodity on the market today.
Beck is actually a paid spokesperson for precious metals vendor Goldline, a fact which got him in trouble when critics claimed he was misleading audiences by urging them to buy gold ahead of the market crash. Now, however, many people are thanking him for saving them with sound financial advice.
Beck took a month from hawking gold for a few moments in May, as he jokingly told his Insider Extreme audience to ditch gold for the latest hottest economy.
“Forget all that gold stuff that I was telling you about. Gold, that’s not the investment opportunity of a lifetime. No. Sell your gold. Buy light bulbs. $50 light bulbs are coming your way,” Glenn said. "It's the currency of the future."