CHARTS: EV battery metals bill sets new low as lithium, nickel, cobalt price slump continues
The raw materials bill for the average EV is now down to $510 compared to a peak of more than $1,900 at the beginning of last year.
The FrumForum gloats that Glenn Beck’s admonitions to buy gold, lots of physical gold in coins and other forms, has turned sour for customers just when it is supposed to have its greatest worth:
The gold market meltdown — with prices plunging in recent weeks from over $1,900 an ounce to under $1,600 — is a reminder that the precious metal is a volatile, speculative commodity. It also signals a bear market in credibility for the many right-leaning cable-news and talk-radio hosts who have touted gold relentlessly in recent years as a hedge against economic calamity.
“If you’ve been watching for any length of time, and you still haven’t looked into buying gold, what’s wrong with you?” Glenn Beck said in a video on his website in 2009.
Image is from Gage Skidmore
4 Comments
94camaro
Quoting Glenn from 2009 is a pretty shady tactic. Glenn supports mining and this is a hit piece against his show. Just before the show ended on Fox News he had Bob Murray on the show.
DunedinGeo
The guy is a tool, why is anyone listening to him anyway.
hoog-mark
If you have listened regularly at all he always says something along the lines ‘Gold is volatile, I don’t use gold as an investment, I use it as an insurance policy. Pray on it! Gold isn’t right for everyone.’ It’s interesting that a mining.com piece would smear Glenn, someone that actively supports domestic drilling for oil/gas and the mining industry.
Mikemaximum
Glenn Beck? Really??? Why oh why would mining.com need to write anything about that nutjob?