This Makes No Sense: Bitcoin Is Now More Valuable Than Gold

May 09, 2017

WRITER

It could be zero tomorrow, but for now, Bitcoin is more expensive than gold --- actual gold.

"This is one of those things that, you know, you're either going to look like a genius or a dummy," Glenn said Tuesday on radio.

If you invest significantly in Bitcoin and the price plummets, welcome to dummy town. But, if the price continues to climb, your family could be talking about grandpa and grandma's amazing foresight for generations to come.

Listen to this segment from The Glenn Beck Program:

GLENN: I just want to do a couple of minutes here on bitcoin because I find it interesting. Stu and I both have very little money in bitcoin. Just enough that you are like, okay. I can walk away from this and not worry about it. So we both have about $6.75 in it.

STU: That's too much for my blood. But I have some.

GLENN: Yeah. So Stu bought about $300 a coin. And it is now -- is it about to cross the 1800 mark?

STU: Yeah, it's right around there. 1800.

GLENN: 1800 per bitcoin.

STU: They're saying a lot of it goes to the --

GLENN: Instability.

STU: In China --

GLENN: Instability. Oh, yeah China.

STU: And instability. It's true. China though. Both of those are true: Instability, and the Chinese market has blown up. They're throwing money into this like crazy. And remember, we haven't even hit a point where there's an actual collapse of an economy. And a lot of people think that if this happens, where currency collapses in this environment, a country may switch to bitcoin as its actual currency.

GLENN: I know.

STU: I mean, if that were to happen, I mean -- God only knows what could happen to this. I have no idea.

GLENN: And at the same time, it could completely collapse and go nowhere.

STU: It could be zero tomorrow, without -- without any doubt at all.

GLENN: Yeah. This is one of those things that, you know -- that you're either going to look like a genius or a dummy.

If you put a lot of money into it, you have a better chance of looking like a dummy. But, you know, this is something that your family could talk about for generations. "Yeah, I know. My great grandfather, he bought bitcoin when it was $300 an ounce." When it was, what? For a coin.

STU: Yeah.

GLENN: When it was what?

But there are some changes going on with that. And I think, you know, when things go unstable, at least until they can get their arms around it. See, this is what happened to gold. Look at bitcoin. This makes no sense. Bitcoin now is more expensive than gold. That doesn't make sense.

STU: Right. No. Of course not.

GLENN: And that's because they do reverse treasuries and all of those games. They shut this down and they play all kinds of games with the manipulation of the price of gold because they know that people see gold as a signal of trouble. And so when they see gold start to fluctuate in big jumps, they freak out.

Gold should probably be closer to 2,000 to 2500. If it wasn't the artificial barriers, it would be at least -- I bet you it would be $2,000. But these artificial barriers keep them down.

STU: And that's what happens -- bitcoin is even more susceptible to that.

GLENN: Oh, yeah. It's not susceptible -- I don't know if anybody is trying to keep it down. But people don't know. And it's not stable. And it could go to zero. Gold will never go to zero. You know what I mean?

STU: Right.

GLENN: But it depends on what happens. Do they -- same with bitcoin. Do they seize it? Do they not seize it? Do they make it illegal for trading in it? I don't know.

STU: Right. That's my biggest concern. My biggest concern, as is, my biggest concern with everything is the government coming in and saying, "You know what, people are doing X, Y, and Z, that we don't like with this currency. Therefore, it will no longer exist."

And the people who love bitcoin say, "Well, they can never do that because it's digital and it goes around the government." And all that's true. Like, it is true -- it would be very difficult for the government outside of shutting the internet down completely to turn off bitcoin.

However, if you make it so that you -- you know, if the government creates a law and somehow it makes it possible that, you know what, you're not allowed to accept bitcoin. No one is allowed to have bitcoin, it's going to chase everybody like me out of it. Because I have no interest in being on the wrong side of the law. I'm not looking to make some weird, you know, currency point here. I just find it generally interesting. And at that point, while, yes, it will still exist in some world, it will no longer, I think have the -- the number of people involved in it that will create the increase in value.

GLENN: Unless it's China. Unless China says, that's our currency. Or that's how we're going. If China does it, then you still have all that money in bitcoin available to China. Your job is to get to China. You know, if you had $10 million in bitcoin --

STU: Right.

GLENN: -- because you bought it -- this is not crazy.

STU: No.

GLENN: Because you bought it today and currency went out and China said, "Oh, by the way, this is our currency." And a few markets were using that as currency, you could see that -- you could see $10 million in bitcoin. Now, get to it, you couldn't do it here in the United States. But if you could get to someplace where it was free, that's -- you know, that is one thing about -- you know, people in the 1930s had to try to smuggle everything out. They were eating diamonds and everything else, to try to smuggle it out. This is all up in your head.

That's different than gold or anything else. You don't have to move around with it. You just have to find a way to access it, which, you know, today is easy. But if you had real global, you know, authoritarianism, that changes. But that changes everything anyway.

STU: Yeah, exactly. At that point, you're beyond --

GLENN: Yeah, there's no -- there's no scenario -- oh, let's see. If Blade Runner comes true. There's no scenario for Blade Runner.

STU: Well, considering there's a sequel coming out very soon.

GLENN: Well, I forgot about that. Yes, I forgot that.

STU: Then I would say yes. Sequel to the documentary Blade Runner 2049.

GLENN: Right. Which looks really good. It looks really good.

STU: It looks kind of interesting.

But that's the thing with this, is the crazy scenario in which bitcoin goes to 10 million, the world is such a crazy place, you almost can't prepare for it.

JEFFY: Right.

STU: The situation in which, you know, let's say Chuck Schumer decides, you know what, people shouldn't be able to have the freedom with their currency, so we're going to ban it, that's not an unrealistic scenario at all to me. And even if the rest of the world continues to use it, if you're an American citizen, you don't want -- like I'm not interested in being on the wrong side of the law. I'm not Jeffy.

GLENN: No, nobody is. Nobody is.

STU: Nobody except Jeffy is interested in that. So the business --

GLENN: No, I meant nobody is like Jeffy.

STU: Nobody is like Jeffy, that's true. But the businesses will stop accepting it.

GLENN: Yeah.

STU: That won't happen anymore. And when that happens, it just becomes irrelevant to the average person in America.

GLENN: Well, same thing could be said for gold or silver and not --

STU: It's true. But gold or silver is so much more established, right? This is something where the average person knows nothing about.

GLENN: Yeah, yeah. The government -- I guarantee you, the government it -- at some point, if it crashes, the government will have to get control of -- of the currency. They're going to have to get control. And so they will say, the only way you can sell is with X, Y, or Z. Then you just have to have the courage to barter. You know, it's one thing to have gold buried in your backyard -- which I would never do --

STU: You just don't want to dig.

GLENN: What? I don't know what you're saying.

You know, it's one thing to have gold buried in your backyard. And then, you know, take it out slyly to your neighbor and say, hey, look. Bury this in your backyard. I need to buy, you know, a chicken. You know, or whatever.

STU: A chicken?

GLENN: Well, that's the only -- let's be honest, guys.

JEFFY: Right. That's right.

GLENN: If you're buying gold like I do -- I don't buy it for the investment. I didn't buy bitcoin for the investment.

I buy it for an insurance policy that the whole freaking world is burning down. So, yes, I will be in the market for a chicken so I can have an egg.

POLL: What DARK government secrets will Trump uncover?

Mark Wilson / Staff | Getty Images

Will the dark secrets of the Deep State finally see the light of day? Or will they slip back into darkness, as they have many times before?

The Trump administration is gearing up to fulfill one of Trump's most anticipated campaign promises: to make the contents of the JFK files, along with other Deep State secrets, available to the public. Kash Patel, who has promised to publicize the highly anticipated files, is expected to be confirmed next week as Trump's director of the FBI. Moreover, the House Oversight Committee created a new task force headed by Rep. Anna Paulina Luna called "Task Force on Declassification of Federal Secrets," which is tasked with investigating and declassifying information on the JFK, RFK, and MLK assassinations, UFOs, the Epstein list, COVID's origins, and 9/11. This all comes after the FBI found 2,400 "new" records relating to the assassination of President Kennedy following Trump's executive order to release the files.

Glenn discussed this topic with the cast of the Patrick Bet David podcast. Glenn expressed his confidence in Trump's radical transparency—on the condition that Kash Patel is confirmed. The cast was not as optimistic, expressing some doubt about whether Trump will actually unveil all that he has promised. But what do you think? What files are likely to see the light of day? And what files will continue to linger in the dark? Let us know in the poll below

Do you think the JFK, RFK, and MLK files will be unveiled?

Do you think the 9/11 files will be unveiled?

Do you think the COVID files will be unveiled?

Do you think the UFO files will be unveiled?

Do you think the Epstein list will be unveiled?

Transgender opera in Colombia? 10 SHOCKING ways USAID spent your tax dollars.

MANDEL NGAN / Contributor | Getty Images

The government has been doing what with our tax money!?

Under the determined eye of Elon Musk, DOGE has rooted out the corruption that permeates USAID, and it turns out that it's worse than we thought. Glenn recently read a list of atrocious causes that were funded by USAID, and the list was as long as it was shocking.

Since the January consumer index report was published today, one thing is clear: eggs are bearing the brunt of inflation. That's why we illustrated the extent of USAID's wasteful spending of YOUR taxpayer dollars by comparing it to the price of eggs. How many eggs could the American people have bought with their tax dollars that were given to a "transgender opera" in Colombia or indoctrinating Sri Lankans with woke gender ideology? The truth will shock you:

1. A “transgender opera” in Colombia

USAID spent $47,000 on a transgender opera in Colombia. That's over 135,000 eggs.

2. Sex changes and "LGBT activism" in Guatemala

$2 million was spent funding sex changes along with whatever "LGBT activism" means. That equates to over 5.7 million eggs!

3. Teaching Sri Lankan journalists how to avoid binary-gendered language

USAID forked over $7.9 million to combat the "gender binary" in Sri Lankan journalism. That could have bought nearly 23 million eggs.

4. Tourism in Egypt

$6 million (or just over 17 million eggs) was spent to fund tourism in Egypt. If only someone had thought to build some impressive landmarks...

5. A new "Sesame Street" show in Iraq

USAID spent $20 million to create a new Sesame Street show in Iraq. That's just short of 58 million eggs...

6. Helping the BBC value the diversity of Libyan society

$2.1 million was sent to the BBC (the British Broadcasting Corporation) to help them value the diversity of Libyan society (whatever that means). That could have bought over 6 million eggs.

7. Meals for a terrorist group linked to Al-Qaeda

$10 million worth of USAID-funded meals went to an Al-Qaeda linked terrorist group. That comes up to be just shy of 29 million eggs.

8. Promoting inclusion in Vietnam

A combined $19.3 million was sent to two separate inclusion groups in Vietnam inclusion groups in Vietnam (why where they separated? Not very inclusive of them). That's over 55 million eggs.

9. Promoting DEI in Serbia's workplaces

USAID sent $1.5 million (4.3 million eggs) to “advance diversity equity and inclusion in Serbia’s workplaces and business communities.”

10. Funding EcoHealth Alliance, tied to the Wuhan Institute of Virology's "bat research"

EcoHealth Alliance, one of the key NGOs that funded the Wuhan lab's bat virus research, received $5 million from USAID, which is equivalent to 14.5 million eggs.

The bottom line...

So, how much damage was done?

In total, approximately $73.8 million was wasted on the items on this list. That comes out to be 213 million eggs. Keep in mind that these are just the items on this list, there are many, many more that DOGE has uncovered and will uncover in the coming days. Case in point: that's a lot of eggs.

POLL: Should Trump stop producing pennies?

SAUL LOEB / Contributor, Chip Somodevilla / Staff | Getty Images

On Sunday, February 9th, President Trump ordered the U.S. Mint to halt the production of pennies. It costs the mint three cents to produce every penny, which Trump deemed wasteful. However, critics argue that axing the pennies will be compensated by ramping up nickel production, which costs 13 cents per coin.

In other news, President Trump promised on Truth Social that he would be reversing a Biden-era policy that mandated the use of paper straws throughout the federal government. From potentially slashing entire agencies to saying farewell to pennies and paper straws, Trump is hounding after wasteful spending of taxpayer dollars.

But what do you think? Was Trump right to put an end to pennies? And should plastic straws make a comeback? Let us know in the poll below:

Should Trump stop the production of pennies?

Do you agree with Trump's reversal of the plastic straw ban?

Was this the most PATRIOTIC Super Bowl yet?

CHANDAN KHANNA / Contributor | Getty Images

The 2025 Super Bowl demonstrated Trump’s vision of a new America.

On Sunday, February 9th, the Philadelphia Eagles defeated the Kansas City Chiefs in the biggest sporting event of the year. But this wasn't just a victory for Eagles fans. For those watching, it became apparent that American culture has changed, the zeitgeist has shifted, and America has become cool again. While remnants of woke culture lingered, they felt out of step next to the parade of American Flags and patriotic messaging that dominated the national event. The message was clear: America is back.

Everybody knows that the commercials are the best part of any Super Bowl, and last night's game was no exception. As Glenn has pointed out, while some of the ads still carried woke messages (like Nike's), many more captured the newly kindled patriotism felt nationwide. Here are four of the best commercials from last Sunday that make this the most patriotic Super Bowl yet:

1. Rocket: "Own the Dream"

This touching commercial by the financial services company, Rocket, states "Everyone deserves a shot at the American dream," while showing images of people returning home and building families. The ad included a cover of John Denver's iconic song "Take Me Home, Country Roads" and featured an in-stadium sing-along, live from the Super Bowl.

2. Secret Service: "A History of Protection"

Donald Trump made history by being the first sitting president to attend a Super Bowl, which required the efforts of hundreds of Secret Service agents to ensure his safety. The Secret Service boasted of this feat during their minute-long commercial, which lauded American values and achievements and featured iconic American imagery.

3. Brad Pitt: "Huddle Up"

The Super Bowl introduction celebrated snapshots of American achievement accompanied with a powerful commentary about unity narrated by Brad Pitt. The message is clear: Americans can achieve great things when we work together. The ad conjures up American ideals such as hard work, ingenuity, self-sacrifice, and teamwork.

4. Jeep: "Big Game"

Movie star Harrison Ford appeared in Jeep's Super Bowl commercial to promote freedom and to remind us that "freedom isn't free." Ford treks through the mountains while ruminating on what freedom means in America and the opportunities and responsibilities that come with it.

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