Who To Believe ???
rog...@webtv.net
The other day on the TV stock channel a so called expert was saying Gold
was at the end of its run on the up side and he expected it to go down
in price considerably in the near future. Today Glenn Beck was on
saying a depression was coming very soon which I would figure would have
Gold or other hard currencies go up ....
Anyone of you coin collectors have any feelings on this subject ???
Mr. Jaggers
Yes. If anyone actually knows what will happen, why would he tell you?
Financial pitchmen have one thing in common: they all have an agenda, which
they will always keep secret from you. In other words, you're entirely on
your own.
James
Bremick
<rog...@webtv.net> wrote in message
news:20772-4C7...@storefull-3253.bay.webtv.net...
You seem to question the credentials of a "so-called" expert on a TV stock
channel, yet you don't sound like you have the same doubts about Glen Beck
on the Fox channel? Apparently, you consider Beck the more legitimate
expert on the subject. Go for it. No matter what happens, you're still
gonna die, so why worry that much about what gold does?
oly
Day in and day out, a person should have a certain percentage of their
assets in gold and silver.
That percentage should NOT be real high - the important thing is that
it should NOT be zero. The percentage varies from person to person.
Collectible coins with a realatively high composition of silver (and
gold) to their market values are a great way to go - you get the
pleasure of owning a historic object with the protection of holding
some precious metals.
If you don't care anything about history, you can do well with the
modern bullion coins (the ones with explicit even weights in troy
ounces) which have sprung up since 1968 (when the Krugerrand was first
introduced).
However, IMHO, the pleasures of Numismatics are too wonderful to be
missed. The enjoyment of collecting coins is not inconsiderable.
The big question is something like "What rock did you grow up under?
Where have you been the past fifty years?" I grew up in quite modest
rural midwestern circumstances and my grandparents, parents and
teachers all let a kid know that yes, gold and silver was (and is)
valuable. Didn't you ever read "Treasure Island" or The Diaries of
Samuel Pepys? When the Dutch invaded the Medway in 1665, Mr. Pepys
could refer to 300 pounds of silver plate and 1300 gold guineas as
"That little in money which I presently have by me (in my possession
at home).
We are living in the first period in World History (now ran out to
about the fifty year mark) where 99% of the people in the world accept
whatever monetary dross their government has chosen to replace gold
and silver, or bank paper redeemable in Gold and Silver. This amount
of faith in a class of venal politicos and bankers is incredible.
There is no indication that this experiement (and that is what it is)
is going to end well.
If you have no precious metal holdings whatsoever, buy three one-ounce
AGE and three rolls (sixty coins) of ASE.
We may see a moment where all fiat currencies go bad nearly
simultaneously. In the near future.
The financial system imploded about two years back, and the world is
still waffling in the "discovery" and "denial" stages.
At some point, lots of people are going to bail out of an obviously
broken system.
The early-bird "bailers" will do a lot better than the folks that are
going to be too late.
The modern financial system is a big, deep watery pool, and there
aren't many ladders out of it.
oly
"Feeling really really optimistic this morning, ain't I?"
oly
>
> - Show quoted text -
P.S. Mr. Pepys still had the biggest and most lucrative portions of
his career in front of him when he made the remark about "That little
in money which I preently have by me".
Ah to be a corrupt naval functionary at the court of King Charles II
of England. And there were very few ugly women in that court too.
oly
Bremick
"oly" <oly...@aol.com> wrote in message
news:82688393-952d-49aa...@h19g2000yqb.googlegroups.com...
**************************
Regardless of one's feeelings about history, I would think that basic
gold or silver bullion still would be the best bet, whether as protection
against inflation or in fear of financial Armageddon. In the latter case,
those premium-priced MS65 St. Gaudens $20 might be valued at bullion. It
also might become tough as a coin collector to part with our historic gold
coins, unless doom is a certainty. And in an extreme case, will there still
be any demand for them as collectibles? If our fiat money ever became
worthless, by what standard might gold and silver equate to a tank of
gasoline or a bag of groceries.......or ammunition? Or will society return
to the barter system with metals having little practical value?
*****************************
oly
> "oly" <oly2...@aol.com> wrote in message
>
> - Show quoted text -
Numismatic premiums may largely shrink in tough times, but there will
still be better and lesser coins. A smart person will let the lesser
pieces go first, if possible. Also, in the inflationary scenario,
people who have nice $20 Double Eagles usually tend to have some 90%
silver on hand too, methinks.
If the value of paper flies out the window, there will always be some
people smart enough to figure out what a silver half dollar is worth
in terms of goods. Get a Lincoln Courier (a local newspaper) from the
late 1950s or early 1960s and look at the advertisements. Eventually,
those prices/ rates of exchange would prevail again. Of course,
you're not going to find IPODs or such junque in the old newspapers.
My essential point is that we are presently in the most unusual of
historical times, with the entire world relying on irredeemable paper
and rarely thinking twice about how odd that is. For most of the
period 1200BC to 1970 AD, middle class and upper class people were
used to owning and handling and hoarding precious metals on a regular
basis.
oly
Michael Benveniste
> The other day on the TV stock channel a so called expert was saying
> Gold was at the end of its run on the up side and he expected it
> to go down in price considerably in the near future.
Okay, did he say why?
> Today Glenn Beck was on saying a depression was coming very soon
> which I would figure would have Gold or other hard currencies go
> up ....
What reasons did Mr. Beck give for his opinion?
> Anyone of you coin collectors have any feelings on this
> subject ???
Don't believe anyone's bare assertions, including mine. Don't
act on anyone's opinions until you understand their reasoning,
verfied their facts and are willing to accept their base
assumptions.
For example, I don't accept your assumption that gold prices
will rise during a hypothetical future depression. As a
counterexample, the price of gold in yen dropped during most
of Japan's lost decade.
I'm pretty sure that the only gold I've bought this year was
a Transylvanian Ducat and a Charlotte gold dollar. But I'm
continuing to hold the stuff I bought when prices were less
(nominally) than the 1980 peak.
--
Mike Benveniste -- m...@murkyether.com (Clarification Required)
Its name is Public opinion. It is held in reverence. It settles
everything. Some think it is the voice of God. -- Mark Twain
Mr. Jaggers
> <rog...@webtv.net> wrote:
>
>> The other day on the TV stock channel a so called expert was saying
>> Gold was at the end of its run on the up side and he expected it
>> to go down in price considerably in the near future.
>
> Okay, did he say why?
>
>> Today Glenn Beck was on saying a depression was coming very soon
>> which I would figure would have Gold or other hard currencies go
>> up ....
>
> What reasons did Mr. Beck give for his opinion?
>
>> Anyone of you coin collectors have any feelings on this
>> subject ???
>
> Don't believe anyone's bare assertions, including mine. Don't
> act on anyone's opinions until you understand their reasoning,
> verfied their facts and are willing to accept their base
> assumptions.
>
> For example, I don't accept your assumption that gold prices
> will rise during a hypothetical future depression. As a
> counterexample, the price of gold in yen dropped during most
> of Japan's lost decade.
>
> I'm pretty sure that the only gold I've bought this year was
> a Transylvanian Ducat and a Charlotte gold dollar. But I'm
> continuing to hold the stuff I bought when prices were less
> (nominally) than the 1980 peak.
Michael, surely you don't expect any of these hucksters to make a reasoned
presentation, backed up by reliable evidence which supports their claims!
Such things just don't play in Peoria or anywhere else. Blood and guts and
forecasts of doom, that's what sells.
James, not intentionally calling anyone Shirley
Michael Benveniste
> Michael, surely you don't expect any of these hucksters to make
> a reasoned presentation, backed up by reliable evidence which
> supports their claims!
:-)
In the United States, thousands of people every year take formal
training in how to make reasoned, logically valid presentations,
backed by reliable evidence and based on totally speculative or
invalid assumptions. Trust me(!) on this -- I was one of them.
> Such things just don't play in Peoria or anywhere else. Blood
> and guts and forecasts of doom, that's what sells.
For some potential marks/clients "such things" are exactly the
right approach. Bernie Madoff made it work for a long time.
People like Howard Ruff and Frank Holmes are perfectly capable of
writing reasoned columns.
> James, not intentionally calling anyone Shirley
Alas, as time passes fewer and fewer people still appreciate that
gag. "This? Why, I can make a hat or a brooch or a pterodactyl..."
--
Mike Benveniste -- m...@murkyether.com (Clarification Required)
A jury consists of twelve persons chosen to decide who has the
better lawyer. -- Robert Frost
Jud
advertisers? I am not saying that holding precious metals is a bad
idea, but I think the fact that Beck is being remunerated by a gold
seller might be an ulterior motive as well.
Mr. Jaggers
I'd submit that Goldline and the other advertisers on Beck's or any other
pundit's show keep the stations on the air and that's about it. Many of
those stations are operating on a shoestring. It's the invisible "sponsors"
that really pay Beck's salary.
James the Corporate Maggot
'wait, did I say that right?'
Zapp Brannigan
"Mr. Jaggers" <lugbu...@yahonospamo.com> wrote in message
news:DWSdo.96155$xZ2....@newsfe07.iad...
> Jud wrote:
>> May I also point out that Goldline is also one of Glenn Beck's
>> advertisers? I am not saying that holding precious metals is a bad
>> idea, but I think the fact that Beck is being remunerated by a gold
>> seller might be an ulterior motive as well.
>
> I'd submit that Goldline and the other advertisers on Beck's or any other
> pundit's show keep the stations on the air and that's about it. Many of those
> stations are operating on a shoestring. It's the invisible "sponsors" that
> really pay Beck's salary.
What are you jabbering on about?
The sponsors have ALWAYS paid the salary for people on radio and TV - even PBS!
Mr. Jaggers
Tell that to the owners of the World's Loudest Station.
Zapp Brannigan
You proved my point - if sponsors won't pay, the show doesn't go on.
Mr. Jaggers
No, you missed my point, so I'll be out with it. Rush Limbaugh and Sean
Hannity together occupy one-fourth of WLS's entire broadcast day. WLS does
not, nor has it ever, been able to afford to pay contracts the size of
theirs. The ads for used copy machines, get-rich-quick-schemes,
pay-off-your-debt-pennies-on-the-dollar, gold's-gonna-do-this-or-that, etc.
keep the 50 kW flowing to the transmitter, pay for the engineer, and a few
control room operators, an ad manager that has multiple responsibilities,
and that's about it. Don't believe me - read any good history of that
station. Once rich and proud, once home of the Saturday night Barn Dance,
once home of a stable of world-class DJs, now hobbling along, trying to keep
its head above water.
James the Zapper
oly
> >news:u5Udo.29551$co1....@newsfe11.iad...
> >> Zapp Brannigan wrote:
> >>>news:DWSdo.96155$xZ2....@newsfe07.iad...
> >>>> Jud wrote:
> >>>>> May I also point out that Goldline is also one of Glenn Beck's
> >>>>> advertisers? I am not saying that holding precious metals is a bad
> >>>>> idea, but I think the fact that Beck is being remunerated by a
> >>>>> gold seller might be an ulterior motive as well.
>
> >>>> I'd submit that Goldline and the other advertisers on Beck's or any
> >>>> other pundit's show keep the stations on the air and that's about
> >>>> it. Many of those stations are operating on a shoestring. It's
> >>>> the invisible "sponsors" that really pay Beck's salary.
>
> >>> What are you jabbering on about?
> >>> The sponsors have ALWAYS paid the salary for people on radio and TV
> >>> - even PBS!
>
> >> Tell that to the owners of the World's Loudest Station.
>
>
> > You proved my point - if sponsors won't pay, the show doesn't go on.
>
> No, you missed my point, so I'll be out with it. Rush Limbaugh and Sean
> Hannity together occupy one-fourth of WLS's entire broadcast day. WLS does
> not, nor has it ever, been able to afford to pay contracts the size of
> theirs. The ads for used copy machines, get-rich-quick-schemes,
> pay-off-your-debt-pennies-on-the-dollar, gold's-gonna-do-this-or-that, etc.
> keep the 50 kW flowing to the transmitter, pay for the engineer, and a few
> control room operators, an ad manager that has multiple responsibilities,
> and that's about it. Don't believe me - read any good history of that
> station. Once rich and proud, once home of the Saturday night Barn Dance,
> once home of a stable of world-class DJs, now hobbling along, trying to keep
> its head above water.
>
>
> - Show quoted text -
Meathead, whatcha doing still listening to WLS??? I don't know
anybody who listens to WLS much after 1983 (anno domini) or so.
Really, you strike me as an NPR type of liberal. And why do you care
if WLS can't control their costs???
Archie
tuned into the b-reports at 25 and 55 minutes, at WBBM, Newsradio "78".
Mr. Jaggers
oly, you mean to tell me you listen to the World's Biggest Bo...no, I'd
better not go there!
And no, I don't listen to WLS, except as I once reported being forced to do
while visiting a favorite coin store whose owner didn't have the good
manners to turn the damn thing off when customers came in. The whole thing
is not worth an arseful of ashes, in my opinion. AM radio can go the way of
the dinosaur, for all I care.
But yeah, I do listen to NPR. I have to have my weekly Prairie Home fix,
where they often feature Vince Giordano on the bass sax, so that justifies
one preset. And then there's Car Talk, the only "talk" show I care for at
all. For me, the music on NPR is where it's at.
James the know-it-all, bleeding heart, flaming, pablum-puking, blaspheming,
godless secular humanist, evolutionist,
never-met-a-Communist-dictator-I-didn't-like, pro-abortion, tree-hugging,
kid-despising, unionist money-grubbing, Ted Kennedy worshipping, Hillary
fawning, Europe admiring, Obama saluting, America hating, peacenik, gay
marriage advocating, SUV bashing, French-looking, terrorist sympathizing,
Constitution flouting, big bang believing, flag burning, Al Gore loving,
global warming fearing, deficit-loving, pointy-haired, liberal pothead
environmentalist liberal wacko. Let's see, did I forget anything? Oh yeah,
single-payer freak, bailout advocate, Mosque supporter, and public pension
leech, and mighty proud of it all! Eat your heart out, Archie Bunker.
oly
>
> - Show quoted text -
Well, mon vieux, you really don't look francais, but things that
you've posted here make me think that all the rest is accurate!!!
oly
"Right-wing pawn of the system".
Peter
>
> - Show quoted text -
The prescriptions and worries that Oly mentions are in the nature of
potential remedies for risks.
There are some fairly basic ideas about investing that need to be
mentioned. Investing is what you do with money that is in excess of
needs. When we are discussing the case of someone who has far less
than he needs or perhaps is a ward of the state, the need to invest is
not relevant.
If you own wealth in excess of immediate needs, then the subject of
income and hedging are relevant topics. Gold produces no income. If
you have an ounce of gold now and succeed (against all hazards) in
keeping it, then you will still have an ounce of gold.
Normally, if you want to purchase something it becomes a question of
what will an ounce of gold buy. History has shown that there are many
possibilities. Among them gold becomes so valuable that it buys more
than it formerly did; that it declines in value; or, that it comes
under a sufficient cloud that folks dare not admit that they have any.
In any case, a series of transactions that lead to getting something
of value for gold involves barter. Do you like to barter?
In my view, the primary risk that gold ownership addresses (apart from
numismatics) is that confidence is lost in the US dollar (and possibly
other currencies, as well). In my opinion there is some risk of this,
but it is by no means certain. As you can see there are other
opinions available. If you believe as I do, gold coins are
potentially useful, but some thought about how to keep them safe and
how big a chunk of gold you want to handle are issues.
Mr. Jaggers
Yer durn tootin' it's accurate. Unlike some others, I don't lie.
James the Teller Like It Is
Mr. Jaggers
You're getting dangerously close to TMI for this outfit, Peter.
James the Simpleton
oly
>
> - Show quoted text -
Peter, many thanks for what I interpret as a modest to moderate
endorsement of some of my views.
Don't forget the importance and utility of owning some silver at all
times too.
Quite recently I read some survivor of the Yugoslav Civil Wars (about
15 or 20 years back) complain to high heaven that people didn't get
what their gold coins were worth when they tried to trade with farmers
and bakers for meat and bread. Moan moan moan about the
"uselessness" of gold coins.
Duh. That's why you gotta have some silver coins too.
oly
Mr. Jaggers
But what I want to know is, will it be 15:1 or 16:1. None of this cross of
gold jazz.
James the Commoner
Jud
> James the know-it-all, bleeding heart, flaming, pablum-puking, blaspheming,
> godless secular humanist, evolutionist,
> never-met-a-Communist-dictator-I-didn't-like, pro-abortion, tree-hugging,
> kid-despising, unionist money-grubbing, Ted Kennedy worshipping, Hillary
> fawning, Europe admiring, Obama saluting, America hating, peacenik, gay
> marriage advocating, SUV bashing, French-looking, terrorist sympathizing,
> Constitution flouting, big bang believing, flag burning, Al Gore loving,
> global warming fearing, deficit-loving, pointy-haired, liberal pothead
> environmentalist liberal wacko. Let's see, did I forget anything? Oh yeah,
> single-payer freak, bailout advocate, Mosque supporter, and public pension
> leech, and mighty proud of it all! Eat your heart out, Archie Bunker.
Sounds like ya got it all wrapped up in one neat package there Jim!
8-)
To thine own self be true! And "A man has to know his limitations"
<Clint Eastwood>
oly
>
> - Show quoted text -
I detect pot-stirring. There is nothing special about 16:1. That was
actually one of Jefferson's few mistakes in public life. Bimetalism
is impossible inpractice: you can have a gold standard, you can have a
silver standard, but you can't define the "official" currency in terms
of both.
In 1896 and 1900, W.J. Bryan didn't play his hand properly. He should
have shown that the gold standard is too rigid (i.e., there are times
when gold is too scarce) and that the paper standard is a potentially
endless snare and delusion foisted on the public by the bankers. By
default, a silver standard is best - there have been very few times
(in Ameircan history, at least) when silver was unobtainable, and even
more favorably silver can't be printed out of the thin blue ether.
But "The Silver-tounged Boy Orator of the Platte" failed to explain to
the Nation the entire range of currency possibilities, and shortly
after, he became a sell-out for the lure of a high-office. More
favorably, in old age, he did defend Christianity against fashionable
(and silly) non-belief.
oly
Mr. Jaggers
Oh, knock off the Sherlock Holmes nonsense, I injected that as a historical
vignette, nothing more.
> In 1896 and 1900, W.J. Bryan didn't play his hand properly. He should
> have shown that the gold standard is too rigid (i.e., there are times
> when gold is too scarce) and that the paper standard is a potentially
> endless snare and delusion foisted on the public by the bankers. By
> default, a silver standard is best - there have been very few times
> (in Ameircan history, at least) when silver was unobtainable, and even
> more favorably silver can't be printed out of the thin blue ether.
>
> But "The Silver-tounged Boy Orator of the Platte" failed to explain to
> the Nation the entire range of currency possibilities, and shortly
> after, he became a sell-out for the lure of a high-office. More
> favorably, in old age, he did defend Christianity against fashionable
> (and silly) non-belief.
I'm going to bite my tongue and not rise to your bait on that last item.
James, no Poisson d'Avril
"Roßert G. Schaffrath"
>
> The other day on the TV stock channel a so called expert was saying Gold
> was at the end of its run on the up side and he expected it to go down
> in price considerably in the near future. Today Glenn Beck was on
> saying a depression was coming very soon which I would figure would have
> Gold or other hard currencies go up ....
> Anyone of you coin collectors have any feelings on this subject ???
>
water, food, ammunition and fuel. With those, I can survive and protect
my stash. Gold is nice but you have to find someone willing to part
with their water, food, ammunition or fuel in exchange for it. If they
have a use for it fine. But if I have a limited amount of the items
mentioned above, I do not care how many gold bars you are offering me to
part with my stuff. You will starve to death or die of thirst holding
onto those bars. I'll eat and drink what I have and I may just come
around after you pass away and collect those gold bars :D
My feeling is if the currency system collapses, it is going to be
everyone for themselves.
Jerry Dennis
On 8/25/2010 7:58 PM, rog...@webtv.net wrote:
The other day on the TV stock channel a so called expert was saying
Gold was at the end of its run on the up side and he expected it to go
down in price considerably in the near future. Today Glenn Beck was
on saying a depression was coming very soon which I would figure would
have Gold or other hard currencies go up ....
Anyone of you coin collectors have any feelings on this subject ???
On Aug 27, 10:01 pm, "Roßert G. Schaffrath" replied:
To me, the most valuable "commodities" in times of crisis are bottled
water, food, ammunition and fuel. With those, I can survive and
protect my stash. Gold is nice but you have to find someone willing
to part
with their water, food, ammunition or fuel in exchange for it. If
they
have a use for it fine. But if I have a limited amount of the items
mentioned above, I do not care how many gold bars you are offering me
to part with my stuff. You will starve to death or die of thirst
holding
onto those bars. I'll eat and drink what I have and I may just come
around after you pass away and collect those gold bars :D
My feeling is if the currency system collapses, it is going to be
everyone for themselves.
Point #1: TV Pitchmen NEVER tell you anything. Listen to Kevin
Trudeau pitching his latest "Free Money From The Government" Book on a
30-minute late-night infomercial. He spends 30 minutes talking to
some big-busted hot babes about getting free money, but NEVER gives
you even ONE link about how. You have to buy his book. Then you'll
learn about what websites to visit.
Point #2: If anyone knew what was going to happen to the economy,
they'd make preparations themselves before telling anyone else.
Point #3: You can't eat gold and silver. Bob has it right. Food and
water will keep you alive. Guns and ammunition will keep your
supplies and family protected (provided you know how to use them).
Fuel will keep your generator, car, and household heat running. There
was an old movie (can't remember the name) about a post-apocalypic
world where everyone, save one old man, had gold and silver up the
ying-yang. Eventually, the old man, who only had food and water,
survived while the majority of the world died "rich."
Scott Stevenson
James & Jud,
Even back in my "radio days", everybody knew that their call sign
stood for "World's Lowest Salaries".
I can't speak to a particular deal, but in a lot of cases, stations
don't pay that much (or sometimes, anything at all) to the syndicator.
What they do is agree to carry a certain number of minutes of the
syndicator's spots. They give up four or five minutes an hour of ad
time, with the hope that the higher ratings will allow them to charge
more for the local spots and make up the difference.
So, if I've got a syndicated talk show, Jud might want to carry it on
KJUD, where he normally charges $500/min for commercial time in that
time slot. In exchange for carrying my show, he agrees to air four
minutes of our "national" spots per hour.
My sales team sells ad time to Zapp Brannigan, to advertise his new
book deal, Sun Tzu's "The Art of War" and "Zapp Brannigan's Big Book
of War", all for one low price. Zapp pays the syndicator, who pays
me. Jud carries the ad, along with a local spot for Oly's "Gold's
Gonna Do This or That". Since the ratings are up on KJUD, his ad
rates go up to $600/min. He also doesn't have to pay "local talent" to
fill those three hours.
The knock-on effect is that James, who follows me with a local show,
also has higher ratings (hey, a good lead-in will do that), which
means KJUD also gets to charge more to advertise on James' show.
Hopefully, everybody makes money. If the show that follows mine is no
good, people tune out, and Jud doesn't make enough to cover the ad
revenue he lost.
take care,
Scott
Bonus call sign Trivia: WGN was founded by the company that owns the
Chicago Tribune, the World's Greatest Newspaper. WSM in Nashville was
started by the National Life & Accident Insurance Company, whose motto
was "We Shield Millions"
oly
I really don't buy TEOTWAKI scenarios. But I do subscribe to the high
probability of political, military and monetary mischief. My personal
study of history says that the people who hold tangibles like Gold
have more control of their own destinies, and as for the jolly water
hoarders, while they may have excellent liquidity, the water bugs are
mostly all wet.
oly
oly
>
> - Show quoted text -
TEOTWAWKI. I forgot a "W".
oly
Peter
> I really don't buy TEOTWAKI scenarios. But I do subscribe to the high
> probability of political, military and monetary mischief. My personal
> study of history says that the people who hold tangibles like Gold
> have more control of their own destinies, and as for the jolly water
> hoarders, while they may have excellent liquidity, the water bugs are
> mostly all wet.
>
> oly-
Surely TEOTWAWKI scenarios are not impossible. They seem unlikely
anytime soon and preparing optimally seems quite speculative.
I suppose that if you really believe that is what is coming and want
to prepare some extreme precautions are worth considering. Even so,
there are scenarios that are outside of most predictions (e.g., the
Carrington event in 1859 is likely to recur, eventually, and would
render most naive electrical preparations irrelevant).
If you store food and water, you need to consider how attractive
eating stored food will be. If the event you are preparing for is
delayed, you risk storing spoiled food. Consequently, you need to
have a plan to refresh inventory.
Among the zealots for similar views are the Mormons. Among them
Howard Ruff has been studying and offering solutions for many years.
Personally, I don't choose to take his advice, but in case you believe
in TEOTWAWKI scenarios you should at least look at what he suggests.
Jud
station, and a DJ. After graduation I spent a couple years working in
the business, both AM and FM, both as an on-air "radio personality",
and as an "account executive" (fancy word for a salesman.) Advertising
sales is amongst the most difficult of occupations, trying to sell an
intangible product. That is the reason for so many discounts etc for
mentioning the ad, as the client gets to see first hand how many
people are responding to the ad. Radio advertising has an advantage
over the visual media (TV, newspapers) in that most people listen
while in the car, and they can't get up to make a sandwich during the
commercials (captive audience.) It also leaves a lot to the listeners
imagination. If a clothing store advertises a suit in the visual
media, the consumer may or may not like what they see, whereas a radio
listener who is in the market for a suit will probably find something
that they do like when visiting the store. That being said, radio is
show-business, and I got out because of that knife that was stuck in
my back. After 40 years I am also still waiting for my commission
check for advertising that I sold! 8-)
Jud -Owner of a face made for radio-
oly
A Carrington-like event is supposed to occur again tomorrow, or maybe
before I get this posted, according to some solar observers...
oly
Peter
>
> - Show quoted text -
Really? http://www.spaceweather.com/ looks pretty quiet.
Is there a link to your source?
Michael Benveniste
> Bonus call sign Trivia: WGN was founded by the company that owns the
> Chicago Tribune, the World's Greatest Newspaper. WSM in Nashville was
> started by the National Life & Accident Insurance Company, whose motto
> was "We Shield Millions"
I haven't lived in Chicago for a long time, but I still keep a
copy of my Third Class Radiotelephone license. (Alas, I lost
the copy with broadcast endorsement.) A few others I remember:
WLS was founded by Sears, which touted itself as the "World's Largest
Store."
WCFL was started by the Chicago Federation of Labor. (Yes, I was
a Barney Pip listener).
WFLD was owned by Field Communications.
WPGU (Champaign) stood for Parade Grounds Unit. It's unclear if
this is a backformation or not.
WXXXRT -- Playboy Enterprises (April Fool's Joke only).
Known Backformations:
WBBM -- We Broadcast Broadmoor Music/World's Best Battery Maker
(plus that already hinted at).
WFMT -- World's finest music.
WMAQ -- We Must Ask Questions/William A Quinn (one-time owner).
WTTW -- Window To The World
--
Mike Benveniste -- m...@murkyether.com (Clarification Required)
Its name is Public opinion. It is held in reverence. It settles
everything. Some think it is the voice of God. -- Mark Twain