Glenn has been a longtime advocate of investing in gold and food storage, but what’s his latest suggestion for a sound investment? Based on a new story at The Blaze, Glenn told listeners to forget gold and food – real money lies in light bulbs!
“Forget all that gold stuff that I was telling you about. Gold, that’s not the investment opportunity of a lifetime. No. Sell your gold. Buy light bulbs. $50 light bulbs are coming your way,” Glenn said.
The Blaze writes:
Two leading makers of lighting products are showcasing LED bulbs that are bright enough to replace energy-guzzling 100-watt light bulbs set to disappear from stores in January.
Their demonstrations at the LightFair trade show in Philadelphia this week mean that brighter LED bulbs will likely go on sale next year, but after a government ban takes effect.
The new bulbs will also be expensive — about $50 each — so the development may not prevent consumers from hoarding traditional bulbs.
To encourage energy efficiency, Congress passed a law in 2007 mandating that bulbs producing 100 watts worth of light meet certain efficiency goals, starting in 2012. Conventional light bulbs don’t meet those goals, so the law will prohibit making or importing them. The same rule will start apply to remaining bulbs 40 watts and above in 2014. Since January, California has already banned stores from restocking 100-watt incandescent bulbs.
“This is all about the poor and making things better for them because, you know, they will be able to not have one of these –“ Pat said,
“Can I tell you something? I am buying light bulbs. I’m going to buy it in bulk. I’m just going to buy so many incandescent light bulbs that my ‑‑ I’m going to sell them. Really? The LED 100‑watt light bulb, $50? I’ve got mine on for sale right now for $44.95,” Glenn said.
“Incandescent light bulbs. I will have them for the rest of my life. You’ll come into my house and go, it’s so quaint and cozy in here and I’ll say, yeah, doesn’t feel like a hospital? That’s because I’m using incandescent light bulbs. And you can have yours and have that old tiny feel in your house, for $79.95.”
“Light bulbs. It’s the currency of the future,” he joked.
“Yeah, the LEDs. It’s not necessarily they’re harmful to your head, Pat. It’s just, they’re harmful if they’re near your head,” Stu warned. “And also near your children. If you happen to have one near a child.”
Just to see how dangerous green light bulbs can be, check out this classic TV clip when Stu broke a CFL bulb:
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