US Rare Coin & Bullion Reserve

Now, I'm not one to diss on infomercials, typically... I'm a sucker for a lot of them and will sit and watch a whole lot of them. One, in particular, has become my fave for sure, being the Magic Bullet one. Classic. Characters? Check. The diner waitress with the cig hanging suspended from her pursed lips, the middle-aged party animal, this thing is well scripted!

Now, this morning I was watching television and saw what I think had to be the most ridiculous infomercial I've seen. Ever. I know they are typically written to "idiots", basically with lines easy enough and questions simple enough that anyone can see them through to the end, but this one really takes the cake in insulting the intelligence of the viewers. It was from the US Rare Coin & Bullion Reserve. Don't worry if you missed the infomercial because they have a website so you don't have to miss out on your opportunity to get some gold, like all of the major investors are moving their money into gold. Just check out http://www.usmoneyreserve.com/ or call 1-800-314-3612 today!

Really, though, why do I think they are not quite the investment managers I want telling me where I should direct my investment capital? It's mostly their arguments in favor of gold over cash. Here are some of their "reasons" for investing in gold:

• The War in Iraq


• Nuclear Weapons


• Gas could go to $10 a gallon


• Experts predict $2000/oz price of gold in the future

Why is the war on Iraq reason to invest in gold? Here's what they have to say-->

"Now its fifth year, the war in Iraq has cost U.S. taxpayers nearly $400 billion dollars, or more than $200 million a day. With the U.S. economy already burdened with a national debt of more than $9 trillion, many people are deciding that the safest place for their money is in Gold. "

Who are these people that are deciding that the safest place is gold?

How about "Nuclear Weapons" being a reason? Well, on the infomercial, the host claims that if a nuclear weapon is detonated anywhere on the planet that gold prices will skyrocket. And don't forget that North Korea already has nuclear weapons! Why will gold skyrocket as a result of a nuclear weapon? I guess more people will decide that while money can burn, gold will be the safest place to invest, what with nuclear weapons being detonated somewhere.

Gas could go up to $10/gallon? Wow. I heard this one repeated a couple of times on the segment, but couldn't make the connection between this and buying gold. I guess if gas gets so expensive, it'll just be easier to pay in gold. I guess this also really puts that $4/gallon gas prediction in its place...

Experts predict $2000/ounce gold prices in the future? The site says, "While no one can predict with absolute accuracy whether a Gold Coin’s future value will go up or down, troubling economic and world conditions have many experts pointing to Gold’s tremendous upside potential and the possibility of it reaching as high as $2,000/oz. in the future." Who are these "experts"? Unknown. Is this in the far-off-distant-spaceship-flying future? Maybe. It's a little bit hazy...

The host has two "guards" bring out a platform with $50,000 in cash and $50,000 in gold coins. He holds up the $50k in cash, which is in 3 small bundles, in his hands and talks about how you can put this in the bank and earn 3% and in a year, you'll have an additional $1500. He then starts feeling through the gold and explains that if you invest $50,000 in gold and it goes up to $2000/ounce, you'll have $160,000! He then has another guard bring out $160,000, which is in a large case and looks like millions of dollars in comparison to the $50,000.

The biggest thing is that he constantly says that you need to buy gold in case gold prices take off. Is that really a safe investment? To invest just in case you might make a profit? I try to follow investment trends and strategy, rather than investing just in case it might help.

The worst thing of all is that there is a constant ringing of phones in the background throughout the whole "show". I guess it's to show that tons of people are calling in to order, but doesn't really make sense when he's walking all over the place with this ringing phone sound. Especially when he's showing you their high security safe where they're shipping all of your orders from. Who is taking orders in there?!?!

Long story short, well, maybe not so short, you should probably def buy some gold just in case it shoots up in value. The market is set and experts are saying that it's going to increase in value in the future!