Even A Pawn Star Knows "Governments Can Screw Up The Currency"

Tyler Durden's picture




 

Day after day we are force-fed the typical mumbo-jumbo jargon memes from strategists, analysts, and asset-gethering commission-takers. Today we get a breath of fresh air from, arguably, the man on the street - whose perspective seems very prescient. 'Pawn Star' show business owner Rick Harrison explains to CNBC - in words that we can all understand - why gold remains a crucial insurance for people because "governments can screw up the currency," how our economy is based purely on printing money, physical gold and paper gold disconnects - "I'm having a real difficult time right now getting physical metal. It is the crazy world of gold and silver; sometimes the paper market is going down, but you can't actually find the physical items," and the increasingly bubble-like reality of our housing market (especially in Las Vegas).

 

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Fri, 06/28/2013 - 13:29 | 3703790 fightthepower
fightthepower's picture

Fuck you Bernanke! 

Fri, 06/28/2013 - 13:30 | 3703797 Canadian Dirtlump
Canadian Dirtlump's picture

in fact, while on the topic of pawn stars, Chumlee can fuck him in the ass taint deep first stroke no lube with his hat on backwards.

Fri, 06/28/2013 - 13:39 | 3703835 fonestar
fonestar's picture

This dickhead brings up the 1930's?

It is not the 1930's!  And in the 1930's we were on  a **GOLD STANDARD**!!

Fri, 06/28/2013 - 13:42 | 3703846 francis_sawyer
francis_sawyer's picture

They should have brought on Bo Diddley...

Fri, 06/28/2013 - 13:48 | 3703873 ParkAveFlasher
ParkAveFlasher's picture

+1 ... I'm really surprised they don't trot out Lil' Wayne to talk about his "THUG" and "LIFE" four-finger rings.  See?  Gold is for pimps and savages.  And, kings.

Fri, 06/28/2013 - 13:54 | 3703897 Lord Blankcheck
Lord Blankcheck's picture

Bo Diddley was the pawn broker in "Trading Places"

Fri, 06/28/2013 - 13:57 | 3703911 ParkAveFlasher
ParkAveFlasher's picture

WTF is this, Pop Up Video?

Fri, 06/28/2013 - 14:23 | 3703966 Bay of Pigs
Bay of Pigs's picture

"Who better than to talk about gold than...."

This is the kind of shit that passes for gold expertise on the BlowHorn?

Moar Full Retard Friday propaganda. 

Fri, 06/28/2013 - 14:25 | 3703998 ParkAveFlasher
ParkAveFlasher's picture

Who better to talk about gold then ... gosh, he's everyone's favorite ... RIP TORN!

Fri, 06/28/2013 - 21:10 | 3704356 FEDbuster
FEDbuster's picture

Might as well ask Mr. T his opinion, wtf? 

"I pity the fool who believes Obama and Bernanke."

Fri, 06/28/2013 - 14:30 | 3704010 francis_sawyer
francis_sawyer's picture

'Full Retard' isn't strictly reserved for the BlowHorn...

~~~

Last night... in the wee hrs... Some hotshot daytrader whose been on ZH 2 weeks wanted to make a mark for himself talking about "that moment" [of the bottom for Gold & PM's]... He was rolling out the same tired old 'CATHARTIC MOMENT' bullshit & saying we're nowhere near that point because it hasn't shown up on the magic charts yet...

So I call him out on his BS [mainly pointing out that all you have to do is look at the 2008 'bottom' of the Ag & Au charts to see that the  'CATHARTIC MOMENT' theory was not present at all, [you'd be 0-1]]...

Full Retard Friday started early...

Fri, 06/28/2013 - 14:38 | 3704049 Bay of Pigs
Bay of Pigs's picture

Haha, I always appreciate francis_sawyer coming in low and hard in his F-16 Fighting Falcon and blowing some schmuck out of the water.

This old Gold Troll sniper gets tired sitting on that ZH wall sometimes.

Fri, 06/28/2013 - 18:43 | 3704932 MedTechEntrepreneur
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F_S is a dumbass...and FYI...F-16's dont come in low and hard...they are not designed as ground attack aircraft...An A-10 would fit that description much better...

Sat, 06/29/2013 - 14:50 | 3705676 Bay of Pigs
Bay of Pigs's picture

Fuck off

Fri, 06/28/2013 - 15:09 | 3704148 caShOnlY
caShOnlY's picture

This is the kind of shit that passes for gold expertise on the BlowHorn?

I think it's great!  .. the retail sector talks gold and silver! real voices on real sales numbers and supply. 

 I bet would you rather have Charlie the munser, Warren's trusty colon polyp, explain the physical gold and silver markets?

Fri, 06/28/2013 - 15:35 | 3704319 Bay of Pigs
Bay of Pigs's picture

You missed my point. Nothing against him personally, but he is a pawn shop owner, not a gold expert.

How about John Embry, Richard Russell, James Turk or the GATA spokesman, Chris Powell? Oh that's right, they don't allow those guys on the BlowHorn, and for obvious reasons. They are terrified of the truth getting out via their little propaganda machine.

Fri, 06/28/2013 - 16:00 | 3704456 dmger14
dmger14's picture

I heard Russell rolled over like a cheap Vietnamese ho and is now a gold bear.  Where was the blow off top, Rich?

Fri, 06/28/2013 - 16:14 | 3704512 Bay of Pigs
Bay of Pigs's picture

Wow, that's news to me. 

Just we need, moar flip floppers.  

Fri, 06/28/2013 - 17:53 | 3704825 caShOnlY
caShOnlY's picture

You missed my point. Nothing against him personally, but he is a pawn shop owner, not a gold expert.

You missed my point: He's a retailer and he said what he is seeing: Short supply and prices decreasing.  He didn't advise anyone to buy or sell PMs.  We'll leave that to Jim Sinclair.

Did you hear Carl-the-bunghole defend the FED as he asks Rick "don't you agree that back in 1930's the Fed tightened too quickly?".   REALLY? he just had to throw that shit in there didn't he?!!  This is a chump station that usually parades the pumping chumps.  Your never going to get KWN regulars, Turd Ferguson or Jim Willie on CNblowme.

So in that matter I'll take Rick and his "on the street view" over a FIAT pumper any day.  

Sat, 06/29/2013 - 14:52 | 3705674 Bay of Pigs
Bay of Pigs's picture

Whatever dude. 

Fri, 06/28/2013 - 23:12 | 3705480 Les Grossman
Les Grossman's picture

"Full retard propoganda"  is right

...I also love how CNBC strokes this "fellow TV star" as an expert on "the global economy"

Its funny that he closes his commentray by advising people take short term capital losses on gold now and time their buyback after 30 days(Now this guy is a tax expert & market timer, I guess)

Fri, 06/28/2013 - 14:35 | 3704035 Spaceman Spiff
Spaceman Spiff's picture

For those that downvoted fonestar, he wasn't talking about the pawnstar guy.  Watch the video.  The nitwit anchor cautioned that tapering by the fed is the same mistake made in the 30's.

 

I was hoping that Rick would have knocked that one down the smarmy anchor's throat....    I have to wait for the moment when someone will educate cnbc that the market is supposed to move in 2 directions and not be cheer led into the next bubble.   I'm not holding my breath.

Fri, 06/28/2013 - 17:40 | 3704797 fonestar
fonestar's picture

No, I was not talking about Rick.  I was talking about the other guy.  Rick is AOK!

Fri, 06/28/2013 - 13:43 | 3703854 Gringo Viejo
Gringo Viejo's picture

Actually, I wouldn't mind seeing Chum as the next Chairman of the Fed. Hard to see how he'd do any worse.

Fri, 06/28/2013 - 13:47 | 3703869 The Shootist
The Shootist's picture

I respect the old timer on the show because he's a silver bug. They know the value of sound money.

Fri, 06/28/2013 - 14:05 | 3703942 ejmoosa
ejmoosa's picture

That's because they are making decisions with their own money at risk.

Fri, 06/28/2013 - 14:18 | 3703981 Sofa King Confused
Sofa King Confused's picture

Everyone should check out the headline Business Insider used on their site about this.

Fri, 06/28/2013 - 17:45 | 3704809 Dr Benway
Dr Benway's picture

Some classic quotes from the old man on silver.

"We don't sell silver, Rick"

"I'm keeping this bucket of coins"

But in the episode where the old man was squirreling away bucketloads of silver everywhere, they finally forced him to sell it.

Sat, 06/29/2013 - 05:10 | 3705715 StychoKiller
StychoKiller's picture

Hope he turned around and bought some Kruggerrands with the proceeds...

Fri, 06/28/2013 - 18:22 | 3704884 Yamaha
Yamaha's picture

Absolutely - we would be much better off!

Fri, 06/28/2013 - 19:33 | 3705028 Go Tribe
Go Tribe's picture

At,least everyone would have cool shoes.

Fri, 06/28/2013 - 16:24 | 3704553 SheepDog-One
SheepDog-One's picture

'Even' a pawn star'? I'd bet that paw brokers are 100X more wise to how shit actually works than any Wall St banker who only know to keep their hand out and demand money be placed in it!

Fri, 06/28/2013 - 22:00 | 3705371 Mike in GA
Mike in GA's picture

Rick is one smart guy, too.  He's well-versed in history and that alone is enough to make on appreciate fiat currency failure and gold's value.  I'd rather hear Rick's thinking than, say, Jim Cramer's.

Sat, 06/29/2013 - 00:07 | 3705553 Freddie
Freddie's picture

Chumley is more deserving of a Nobel Prize in Economics than the douchebag Paul Krugman.

Fri, 06/28/2013 - 13:32 | 3703804 Shermanium
Shermanium's picture

yeah sure, he looks good in a suit coat, but do they have "Battletoads"?

Fri, 06/28/2013 - 17:49 | 3704819 Dr Benway
Dr Benway's picture

They ARE battletoads, swollen and warty with toadlike physique and packing plenty guns.

Fri, 06/28/2013 - 13:34 | 3703810 alphamentalist
alphamentalist's picture

should check chum-lee's shorts. 

Fri, 06/28/2013 - 13:37 | 3703824 ParkAveFlasher
ParkAveFlasher's picture

Is it me, or is TV starting to sound like ZH ... now and then at least ...

Fri, 06/28/2013 - 13:47 | 3703866 CPL
CPL's picture

Because the media owners are starting to feel the fire under their own toes and it's going to get hotter.

Fri, 06/28/2013 - 13:51 | 3703885 disabledvet
disabledvet's picture

as media itself goes "we're it." having said that i don't think i'm ready for my close up. how 'bout all the rest of you?

Fri, 06/28/2013 - 18:26 | 3704894 CPL
CPL's picture

Eventually everyone has to step up and take ownership of their own lives if this is going to get fixed.

Sat, 06/29/2013 - 05:11 | 3705716 StychoKiller
StychoKiller's picture

Even a blind sow finds an acorn once in awhile...

Fri, 06/28/2013 - 13:39 | 3703831 So Close
So Close's picture

About as valuable as the other "experts" they trot out.  

Fri, 06/28/2013 - 13:43 | 3703853 oddjob
oddjob's picture

The simple fact that he did not even wear a tie makes his opinion more valuable.

Fri, 06/28/2013 - 13:43 | 3703856 Sabibaby
Sabibaby's picture

He's in the business of history and get's paid more than most history grads...

Fri, 06/28/2013 - 13:40 | 3703834 silverserfer
silverserfer's picture

bitches about not being able to obtain physical... then quit offering people 70% of spot fuckface!

Fri, 06/28/2013 - 15:09 | 3704187 ebworthen
ebworthen's picture

Well, he has the cash people want for their shiny - and he has to take the risk that it isn't a tungsten cored Chinese knock-off.

Fri, 06/28/2013 - 17:56 | 3704830 MeelionDollerBogus
MeelionDollerBogus's picture

He has the means to test metals to ensure they're real.
Oh wait, he has CHUMLEE doing that and training the next guy... nevermind.

Fri, 06/28/2013 - 13:40 | 3703838 frippy
frippy's picture

That asshat Denninger was mocking Gold yesterday, that might be the bottom right there.

Fri, 06/28/2013 - 13:48 | 3703874 oddjob
oddjob's picture

That thing he wears on his head should be called a hairy asshat.

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