Video Proof CNBC Hates Gold

The video below is living proof that CNBC journalists don’t understand gold. While some in the video have gone on to other jobs or have passed on, they have been part of a trend at CNBC of continued ignorance along with other financial advisors as to how gold fits into a diversified portfolio. Most of this ignorance comes from their adherence to a flawed Modern Portfolio Theory that relies on the “risk free” asset, the U.S. dollar.  The U.S. dollar is NOT risk free and the fact that gold has risen over 500% in U.S. dollar terms the last 10 years is ignored by those at CNBC and elsewhere.

Watch the video and see for yourself….

As mentioned in the video, I have continually been challenging journalists, CFP’s, CFA’s, Bob Pisani, Nouriel Roubini, Morningstar, Money Magazine (the last two years they have called gold a bubble), NY Times, Harvard Professors, Forbes, the Wall Street Journal etc. etc. on their continued negative articles on gold.

The truth of the matter is, gold is here to stay and should be a part of everyone’s portfolio as it “insures” one’s portfolio’s U.S. dollar risk (U.S. stocks, U.S. corporate bonds, U.S. government bonds, U.S. Treasuries, U.S. CD’s, etc.).

I will continue to expose the flawed logic of those who don’t understand gold’s place in a properly diversified portfolio on my blog. Be sure to sign up for my Newsletter on the home page of Buy Gold and Silver Safely.

June 2009

Gold: Why Doesn’t Your Financial Advisor Recommend It?

July 2009

Gold Investment Bashers Won’t Respond to Critique

Challenging Financial Advisors on the Need to Diversify Into Gold

September 2009

Media Bias Against Gold From MSN Money and AJC

October 2009

Do CFP’s Understand the Need to Diversify Portfolios With Gold?

More Gold Bashers Challenged – I Post Comments to Their Articles – Few Reply

Forbes and WSJ Attack Gold; My Reply Ignored by Forbes Journalist

October 2009

CFA Calls Gold a “Lousy Investment” – Sorry, Gold Is Insurance Against a Declining Dollar

Gold and the Carry Trade: Rogers vs. Roubini, Who’s Right?

Is Prechter’s “Conquer the Crash” Now Relevant?  Maybe So… In a Perfect World

December 2009

Why Does Harvard Economics Professor Call Gold a High Risk, Highly Volatile Investment?

Dave Ramsey Doesn’t Know the First Thing About Gold

Bloomberg and The Think Your Money Is Better Off in the Bank than in Gold

Gold and Silver: Jim Rogers Does NOT Win Over Peter Schiff

January 2010

Money Magazine and a CFA Criticize Gold With Flawed Analysis

February 2010

Two Faced Soros Says Gold Is the Ultimate Bubble

March 2010

Is Gerald Celente Right About the “Crash of 2010?”

Dennis Gartman Flip Flopping On Gold and U.S. Dollar

May 2010

7 Reasons Real Estate Is A Better Investment Than Gold: Rebuttal

September 2010

Glenn Beck vs. Rep. Anthony Weiner, Who’s Right? An Insider’s View Into the Gold Dealer Industry

December 2010

CNBC Bob Pisani’s 2011 “Gold Bubble” Prediction Nonsense

January 2011

Money Magazine Joins The 2011 Gold Bubble Crowd – Deja Vu

February 2011

Many Financial Advisors Still Ignorant of Gold’s Place In A Diversified Portfolio Part 1

April 2011

Morningstar Joins The Anti-Gold Crowd

NY Times Says The Precious Metals Bubble Looks Set To Be Pricked

May 2011

CFA Claims 3 Myths That Will Pop the Gold Bubble But Does Not Reply To My Critique

Buying The Dip In Silver and More Conversations With CFA’s And Bubble Forecasters


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About Doug Eberhardt

Doug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534

Buy Gold And Silver Safely is not a registered financial advisory service and is not a registered SEC/NASD broker dealer. We do not and cannot give individualized stock market advice. The information in this article is only intended for informational and educational purposes. It should not be considered a solicitation of an offer or sale of any security. The reader assumes all risk when trading in securities and Buy Gold and Silver Safely advises consulting a licensed professional financial advisor before proceeding with any trade or idea presented in this article. Buy Gold and Silver Safely may take a position and sell a position in any security mentioned in this article. We share our ideas and opinions for informational and educational purposes only and expect the reader to perform due diligence before considering taking a position in any security. That includes consulting with your own licensed professional financial advisor.