Glenn Beck's Conflicts of Interest in Pitching Gold
publication date: Dec 11, 2009
Commentator Glenn Beck, who has a syndicated radio show and hosts a show on Fox (previously had been on CNN) has been a paid endorser for Goldline, a firm that sells gold coins. He joins a long line of pundits I have written about who dispense advice to the public and have endorsement deals that create conflicts of interest.
I've previously written about the flood of gold coin company advertising during the stock market panic in late 2008 and into 2009 and why investors should be wary: How CNBC Profits From Investor Anxiety.
Jon Stewart takes on Beck for his conflicts of interest in promoting gold:
| The Daily Show With Jon Stewart | ||||
| Beck - Not So Mellow Gold | ||||
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Eric Tyson is the only best-selling personal finance author who has an extensive background as an hourly-based financial advisor and who does not accept speaking fees, endorsement deals or fees of any type from companies in the financial services industry or product or service providers recommended in his articles, books and his publications.