Rick Santelli Refuses To Give Gold Any Legitimacy

[funtimes73]

as much as i like santelli - obviously wrong... back then -

[onesleepykid]

Gold was at $996 then. Now it's about $1170. Even when the dollar goes up now, gold still goes up. When it goes down, it still goes up. It did go to $1200 the month following this video. Something to consider.

[Dastgreene]

I am only vested in gold and silver.

[scottbuster2000]

It's just a metal? Ha! Ha! Ha! One that the humanity has coveted for thousands of years! Ha! Ha! Ha! lol!

Now the Dollar? That's just paper! But the mainstream media wont ever tell it like it is cause their owners are collecting....The Gold! Ha! Ha!Ha! lol! It's just a metal? Ha! Ha!Ha!....

[xantipathebest]

@SHMUJEW: Leave Obama alone. He is a victim.... he is an elected puppet.

[zepprx]

Gold at $1139 now

Santelli wrong again.

He babbles incomprehensibly on most things, but by yelling, he manages to fool some denser viewers into thinking he sounds good

[jerthemessiah]

Gold closed at $974 the day it was aired. It's trading at $1037 today.

[KingDrudge]

Look at a 3 day chart? LOLOL, such short term thinking is why America is bankrupt.

[smasila]

These a--holes can smile and act like nothing big happened in 2008. Thanks to the banker run government, these people will never go out of jobs.

[deltapunk21]

INFLATION IS UP AND WILL CONTINUE RISE DRASTICALLY, the Fed and their liars are using a scam inflation measurement that adjusts to covering up real inflation while excluding oil etc. called the CPI the real unemployment rate is at 16.8% thanks to the Fuhrerobama

[psbyowner]

gap toothed company man; look who he works for. they font want people buying gold; they dont get commissions from those trades.

[SHMUJEW]

fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama fuck obama

[thefullmonte2003]

3 days???? basing his opinion on 3 days??? fool

[thefullmonte2003]

gold always holds it value. dont buy into this garbage.

[RonPaulIsiah]

i think gold will also rise when all the bail out money comes in to the economy... value of the dollar will go down.. then when the world seesthat the dollar sucks china and all the other countrys will dump all there dollars back to the us.. then the dollar will have no value and real currency like silver and gold will show its real value.

[RonPaulIsiah]

does any one agree with me???? im only 17

[TheTopBloke]

The bailout money is not going into the economy. The bailout money was to payout winners when the casino broke. The banks still have $1T per off the books. The fundamentals are still bad for banks, which is why they aren't lending. China is getting out of the dollar, but they can't just dump it. They have to distribute it. If they dumped it, they would be hurting themselves.

[KingDrudge]

While Santelli is laughing at gold, the Chinese are buying up gold & silver like its going out of style.

Thats exactly what the Chinese are doing with those pieces of green toilet paper....laugh it up Santelli....hope you know how to say "would you like fries with that" IN CHINESE!!!!!!!!

[actop19]

Ahh hell they are both smarter than me.....but I am holding on to my pm's for now.

[LLCoolPass]

no gold is past its smart time to buy, unless our economy compeltely takes a dump

[steadtfreddy921]

gold is a frikkin joke. get over it. Average Joe gonna get screwed buyin it.

[hiphopsocnroc]

how so?

[4rcane]

Kudlow is a gold bug now, heh

[Kittenkattan]

May I point out to Mr. Santelli that 80% of the Gold market is ETF paper. That is why it is moving up suddenly. Folks want the real thing not their ETFs any longer. Watch what will happen by October of this year with China and other industrial nations will be going to Gold to hedge their bad US treasury debt they hold. Investigate that, Rick!

[vdubs4life1964]

gold is not a commodity.. Its a currency... Its accepted ALL over the world..

The tribes in Africa dont accept American Express.. lol

[rentonsentinel]

Santelli dismisses the possibility of a central bank or someone with inside info. Japan has a new anti-dollar president. China is moving all of Hong Kong's gold home from London. What do THEY know?

[katey1dog]

They might be loud, but their topic is still puts me to sleep.

[GuerrillaNewsChannel]

you'll be wide awake when the cash in your bank account and pocket becomes worthless..buy metals asap

[boots920]

Gold 1776 - $20

Gold 1971 - $35

Gold 2009 - $1000

Gold has a historic value with the US dollar when the paper doesn't equal the gold price is just means the US dollar is in hyper-inflation. Buy gold and silver or watch your saving go to "0".

[MilanTbay]

You got it GNC. Monopoly money has more worth.

I hate to bring this up since sure someone will have something stupid and negative to say about it, but just before this economic crash no one saw coming, Iran dumped it vaults and bought all gold.

Having oil and a country's reserve in gold, the NWO is going to be trying hard to start a war with them.