Beck: "I don't buy gold as an investment ... I buy it as insurance" Is China involved in a conspiracy to neuter Glenn Beck? Naw, but people who buy gold coins that are marked up over their melted down value are crazy. They might as well have bought gold jewelry as an investment. Oops!!! I meant by it as insurance eek. PRECIOUS METALS: Gold Down As Palladium Hits 10-Year High Gold down after China tightens, haven demand dips I guess P.T. Barnum is laughing in his grave. Why do people get involved in investments and finance during a hint of an economic crisis? Do people really think saving stuff as a hedge against a total collapse of society will make them safer? This reminds me of the Militia movement and the Y2K stuff of a decade ago.