CNBC covering gold like a SNL sketch

Stacy Summary: This is rather amusing to watch as the CNBC reporter tries with every question to lead the guest from the World Gold Council with a completely wrong assertion and each question is met with the WGC correction of all the dope got wrong. Speaking of gold, you can watch our gold, silver and Crash JPM special on RT from later tonight or on Youtube tomorrow. See how the real pros do it!!! :D

17 comments on “CNBC covering gold like a SNL sketch
  1. Mario Costa says:

    I have been slowly accumulating gold and silver bullion and I personally thank Max Keiser for having taught, an IT Engineer like myself, something about Economics and where real value lies. Thanks Max, you opened a new reality to us that follow you on this channel.

  2. Youri Carma says:

    Yeah, that was kinda comical lOlz

  3. Youri Carma says:

    Gold Council: Middle Class Will Boost Gold Demand http://www.bloomberg.com/video/gold-council-middle-class-will-boost-gold-demand-p2Ii4PELSzqnbYq9_pPLDQ.html

    Bloomberg’s Rishaad Salamat speaks to Albert Cheng, managing director at the World Gold Council, about global gold demand.

  4. Mishopshno says:

    Speaking of crash JP Morgan. Have you seen this from California?

    http://www.latimes.com/business/la-fi-jpmorganchase-power-20121116,0,7809272.story

    “The state agency’s petition was submitted one day after federal energy regulators suspended JPMorgan Ventures after finding that the energy firm had provided false data and omitted important information during the federal investigation. It is reviewing state allegations that the firm hit utilities with excessive charges of as much as $73 million in 2011 and the beginning of this year.

    Of that, the state has recovered about $20 million in overcharges, said Stephanie McCorkle, a spokeswoman for the state power grid operator.

    The suspension was ordered to begin April 13 of next year. The delay was aimed at giving the grid managers sufficient time to contract for new power deliveries to ensure the lights stay on across the state.”

  5. Badsey says:

    The fiat criminals and their paid-off elements (CNBC) are losing and stackers everywhere are winning. Got Phyz Gold? Got Phyz Silver? Get a Roku TV wifi TV box and get some real TV instead of CNBC.

    -SLA4L-

  6. General Rasta, SLA says:

    @Stacy

    try as they do, the bias, as always, is against precious metals. don’t be fooled, these CNBC peabrains are probably stacking like there’s no tomorrow.

    if not, then i say: GOOD! their jobs will be gone and they can join the rest of the idiots in the breadlines. the world needs ditch diggers too.

  7. Wolferl says:

    @ Stacy

    The WGC guy is performing poorly and the CNBC guy is asking exactly the right questions. Investment demand for gold is falling sharply over the last 2 years, even the WGC admits that fact. Demand for jewellery is down too, people buy the stuff with a lower percentage of gold because of the high gold price. On the other hand world gold mine production is at a all time high right now, about 2700 tons per year, there is much more supply than demand since there are an additional 2000 tons per year in recycled gold. The only ones that keep buying gold right now are central banks, if they stop it gold will fall below 1000 $ within days.

  8. Flopot says:

    “I personally thank Max Keiser for having taught, an IT Engineer like myself, something about Economics and where real value lies. Thanks Max, you opened a new reality to us that follow you on this channel.”

    Amen. Here endeth the lesson.

  9. KasperM6 says:

    You’re telling me CNBC isn’t the new comedy channel? news to me as all this time I was tuning in for a good laugh

  10. kdt says:

    @Wolferl the CNBC guy is asking exactly the right questions.

    yes he did BUT he was well answered and his underlieing opinions were shown to be “bunk” that he cant even logily defend IE. he states that gold is a poor investment moving forward because the curent market is suported by central bank “QE” ……………………with out acknowledging that we now live in a QE to infinity world and when asked what the odds were that qe would not be a factor he STFU and made no further attempt to have the last word on the subject as further defence would have shown him to be the shill he is.

  11. alan says:

    Wolferl
    You don’t have a clue what you are talking about. The us mint is out of gold blanks for coins. The premium for coins over spot on the secondary markets is increasing. Germany,
    Romania, Ecuador and now the Swiss want their gold repatriated, when Venezuela demanded delivery it caused a spike in prices last summer, look at a chart.
    There are two gold prices an artificial one for paper gold and a real one for physical.
    As physical gold is bought and held by central banks who are strong hands it is taken off the open market. Gold has risen every year for a decade put up a chart and do the math .
    It doesn’t matter why gold goes up, it just does. I am in the scrap gold business, there are few sellers at these prices the top callers already SOLD there is very little scrap.
    Central banks can print money and buy gold with it , think about that.

  12. steve says:

    Not allowing Germany to inspect their gold reserves supposedly held in the NY fed basement should be a true indication that its not there or its tungsten disguised.

  13. I_Cant_Believe_Its_Just_a_Dip says:

    haha its the cartoon channel(cartoon network broadcasting channel), thanks for the laugh Stacy, we have them here as well. They absolutely determined to dish gold aint they and no mention of massive silver buying- wonder why.
    What happens when the cartoon characters start bigging it up?

  14. BankingThiefs says:

    It actually seemed a well balanced discussion to me, gave you points of view from both sides. We do not mine the gold/silver so what is important is the exchange rate between the US and the countries that do mine it and their wage inflation. Silver currently gets produced for about $7-oz. If you want to pay $50-oz for it more mines will open to take your money but increased number of miners can only put downward pressure of price.

  15. bbrebozo says:

    I smoked a lot of weed to this album.
    http://www.youtube.com/watch?v=mS1TESAfxBU

  16. Wolferl says:

    @ alan

    True, i´ve no clue what the US mint is doing and why, but you/I can buy as much gold ounces as i want from the Austrian mint. And gold bullion demand dropped by half over the past two years there. And if the states are able to print money to buy gold, why isn´t the US doing it to provide gold for the US mint?

  17. Dustbowl Daze says:

    Either they do infinite QE or the economic system collapses. Either way gold is good.

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