(DCNF)—Fox Business host Charles Payne called out the alleged “huge double standard” of President Joe Biden’s family Tuesday by revealing that his brother, who struggles with a crack addiction, is currently serving a jail sentence.
Payne said his brother, who is getting out of jail on Friday, is likely one of the first Americans to struggle with an addiction to crack cocaine and may likely start using the substance again once he is free. He accused Biden of participating in elitism in order to save his son from jail time while everyday Americans struggling with addiction have had to face the consequences for their crimes.
“Hearing Democrats try to justify what Biden is doing with his son because his son has a drug habit is just heartbreaking,” Payne said on “America’s Newsroom.” “I’m gonna tell you something right now, and I probably shouldn’t say this. My brother’s getting out of jail on Friday. My brother was among the first 100 crack addicts in America. At least the first 1 out of 200. In the hood, when he came upstairs and told us about crack and how great it was, I had never heard of it before. I kind of don’t want him to come out of jail because before he went in, he stopped my aunt’s house and he didn’t have shoes on in the middle of winter.”
Payne accused black Democrats of remaining silent on the pardoning of Hunter despite the crack issue being a detriment to their community. (RELATED: Jonathan Turley Breaks Down How Hunter Biden Could Face ‘Additional Charges’ In The Future Despite Being Pardoned)
“What’s happening with the Biden’s, and this is the ultimate sign of elitism, and just of entitlement gone amok … Where are black Democrats saying this is such a huge double standard? That if this was Donald Trump and anyone in his family, there would be people in the streets screaming. Now if you want to use this as a way of saying ‘hey, we need to find more ways of reforming and helping everyone out and not just Hunter Biden,’ but this has hurt our community so badly and no one’s immune from it,” Payne continued.
“And listen, I wish I could be there waiting for [his brother] when he gets out on Friday, but I can’t,” he added. “I wish I could be there to hold his hand and everything, I can’t. We talked about this. He’s probably going to go back to smoking crack even though he hasn’t had it for a year. He was the smartest one in my family growing up, he’s a great person in his heart, and he could’ve been a great American. It’s a slap in the face to everyone that Joe Biden gets to do this. It really is, it’s a slap in the face for anyone whose family members had gone to jail for doing stupid stuff.”
Biden issued a “full and unconditional” pardon for his son on Sunday regarding any crime he is charged with or may have committed from Jan. 1, 2014 to Dec. 1, 2024. The president alleged that his political opponents “singled out” Hunter by charging him for crimes that almost no American allegedly gets prosecuted for having committed, including writing false information on a gun purchase form and paying back their taxes past the deadline.
A Delaware jury convicted Hunter in June on three felony charges related to his purchase of a gun in 2018 while knowingly being addicted to drugs and for writing false information on a gun purchase form. He faced up to 17 years in prison over nine charges relating to his alleged failure to pay $1.4 million in taxes between 2016 and 2019 in California.
The pardon further protects Hunter from facing any potential charges regarding an alleged influence peddling scheme in his overseas business dealings in Ukraine, China and Romania.
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Why Bullion Beats Numismatics and Collectible for Your Safe or IRA
Precious metals continue to attract Americans seeking reliable ways to protect their wealth amid inflation, geopolitical risks, and stock market swings. Whether stored in a home safe or held inside a self-directed IRA, physical gold and silver deliver tangible value that paper or digital assets often lack. Yet investors must choose carefully between bullion—pure bars and coins valued mainly for their metal content—and numismatics or collectibles, where rarity, history, and collector demand heavily influence pricing.
Advisor Bullion serves as a dependable source for straightforward, high-quality bullion. The company specializes in physical gold, silver, platinum, and palladium, emphasizing transparent pricing and products that deliver maximum metal content for every dollar spent. This approach makes it ideal for both personal holdings and retirement accounts.
Bullion consists of refined precious metals in standard forms like one-ounce coins (American Gold Eagles, Silver Eagles, Canadian Maple Leafs) or bars. Their value tracks closely to the current spot price of the metal. A typical gold bullion coin trades near the live gold spot price plus a small premium. This structure keeps costs clear and predictable.
Numismatic coins and collectibles add substantial value from factors such as age, rarity, minting errors, or historical significance. A pre-1933 U.S. gold coin or graded proof piece can carry premiums of 30%, 50%, or even 200% above melt value. While this appeals to hobbyists, it creates complexity. Pricing depends on subjective grading, collector trends, and auction results instead of daily spot prices.
For investors focused on wealth preservation and retirement security rather than building a collection, bullion often delivers better results.
Lower Costs and Better Liquidity for Home Storage
When keeping metals in a home safe or private vault, liquidity and efficiency count. Bullion offers clear benefits:
- You acquire more actual gold or silver per dollar invested. Numismatics divert a large share of your money into rarity premiums and massive sales commission, reducing your metal exposure.
- Selling bullion involves tight bid-ask spreads, so you recover nearly full spot value with minimal fees. Collectibles require finding the right buyer and may sell at a discount if demand for that specific item weakens.
- Bullion prices remain transparent and update with global spot markets. You can track gold near current levels or silver accordingly and know exactly where your holdings stand. Numismatic values are priced by the Gold IRA companies with hefty margins applied.
- Standardized coins and bars store efficiently and divide easily for partial sales. Rare coins often need protective slabs and controlled conditions, adding hassle and expense.
- Bullion enjoys worldwide acceptance. A 1-oz Gold Maple Leaf or Silver Eagle sells quickly to dealers anywhere. Niche numismatic pieces may appeal only to limited buyers, slowing liquidation when speed matters.
In times when quick access to value becomes important, bullion’s simplicity stands out.
Stronger Fit for Precious Metals IRAs
Precious metals IRAs continue gaining traction as investors diversify retirement portfolios beyond stocks and bonds. IRS rules permit certain bullion products in self-directed IRAs if they meet purity standards (.995 fine for gold, .999 for silver) and are held by an approved custodian. Eligible items include American Gold and Silver Eagles plus many generic bars and rounds from recognized mints.
Numismatic and most collectible coins generally face heavy scrutiny from custodians due to valuation disputes and elevated markups. These higher premiums mean less actual metal ends up working inside the account.
Bullion avoids these issues. Its value links directly to verifiable spot prices, which simplifies reporting and lowers the risk of regulatory challenges. More of your IRA contribution purchases real metal instead of dealer profits or speculative upside. Over time, owning additional ounces that appreciate with the metal itself can create meaningful outperformance compared with high-premium alternatives that deliver fewer ounces.
Regulatory guidance from the CFTC and state securities offices repeatedly cautions against aggressive sales of expensive numismatics or “semi-numismatic” coins for IRAs. For retirement planning, transparent bullion from established providers reduces risk and aligns better with long-term goals.
How to Get Started with Bullion
Begin by clarifying your goals. Are you protecting savings in a safe, or moving part of a retirement account into a precious metals IRA? Focus on the number of ounces you can acquire at current prices rather than chasing marked-up collectibles.
Diversify sensibly: use gold for core preservation and silver for its blend of industrial and monetary qualities. Mix coins for easier divisibility with bars for lower per-ounce costs on larger buys. Arrange secure storage—whether at home with proper insurance or through professional facilities.
As economic uncertainties linger and faith in conventional assets erodes, bullion continues proving its worth as a dependable store of value. Its direct approach avoids the hype that sometimes surrounds collectible markets and keeps the focus on the metal itself.
For investors prepared to strengthen their portfolios, Advisor Bullion supplies the expertise and selection needed to acquire high-quality bullion efficiently. Whether building personal holdings or integrating metals into an IRA, their emphasis on transparent, investment-grade products helps secure more ounces today that support greater financial security tomorrow. In a complicated financial landscape, bullion’s clarity and reliability make it the smarter foundation for protecting what matters most.