I just read where the olympic gold medal is actually about .19 ounces of gold covering a silver disk. I presume then that the silver is all silver? What about the bronze?

Anyway, Jon Nadler of Kitco apparently commented that he wishes the athletes got the “real thing” apparently meaning a medal made of solid gold. I do too. But what surprises me is that Jon didn’t want the Olympic athletes to get a thin gold film over a U.S. Dollar core; or maybe a certificate for a share of Goldman Sachs underneath.

Jon Nadler, according to the bio on Kitco.com, is Metals Market Analyst and PR Head for Kitco. Does PR mean public relations?

Most companies choose for a Public Relations post someone who actually believes in their product. I THINK that Kitco sells precious metals. But their PR Head, Jon Nadler, has taken such absolute GLEE in the fall of precious metals you would think he had a large short position himself.

Jon’s commentary of late seems to even poke fun at anyone who happens to feel that physically owning silver and gold might possibly be considered a good idea; taking particular note to refer to anyone with a positive outlook for gold and silver as a “perma-bull” (read, stupid) or “gold bug” (read, lunatic).

Jon seems to imply that the fools who actually were chasing gold for a short period of time have come to their collective senses and are exiting the market post haste, never to return. Well, Jon, they COULD come back in as fast as they left.

Jon Nadler, PR Head of Kitco, a precious metals dealer, apparently sees no problems on the horizon or else doesn’t feel that owning gold and silver instead of U.S. Dollars would be of any value.

If you feel differently about owning gold and silver, I suggest you buy it - at these discounted levels - from a company whose public relations actually supports your activity of buying precious metals - NOT KITCO. There are lots out there, if you can’t find any on your own you can contact me via the form on this website and I’ll help you out.

Maybe Bart Kitner, owner of Kitco, will have a heart to heart with Mr. Nadler - or replace him with someone who believes in what the company sells. (Dear Bart, if you need a conversation starter how about “Jon, stop making fun of our customers, they pay your salary”.)

(Note to Jon: Don’t bet your house that the troubles for the U.S. Dollar are behind it forever. And you can deliver the news and your outlook without insulting people who honestly differ; especially when they pay your salary.)