(DCNF)—CNN senior political commentator Scott Jennings poked fun at The Associated Press Wednesday for “not dealing in reality” after President Donald Trump’s administration barred the outlet from the Oval Office for refusing to recognize the newly named Gulf of America.
The White House told the AP they would be denied entry from an event in the Oval Office if they did not comply with the president’s executive order to change the name of the Gulf of Mexico to the Gulf of America. Jennings said presidents have renamed landmarks and locations throughout history and accused the AP of wanting to intentionally “pick a fight” with Trump.
“We have a lawful process in this country for changing the name of it, the president went through it with the Secretary of Interior [Doug Burgum] by the way … We also have the ability to change this body of water,” Jennings said. “I think, look, this smacks to me of a news organization looking for a way to pick a fight with Donald Trump over something that they don’t need to pick a fight over. He is the president and there is a lawful process that he went through to do it, so why won’t they just respect that?”
CNN host Abby Phillip jumped to the AP’s defense, stating that the outlet should be allowed to continue calling the body of water the Gulf of Mexico. Jennings then questioned whether the AP is participating in political activism over journalism for refusing to call the gulf by its new proper name.
“Why would I respect a news organization that doesn’t live in reality?” Jennings pushed back, receiving pushback from the other panelists.
“Donald Trump picked a fight with the news organization,” Phillip claimed. “The news organization can do whatever they want, if they want to call it the Gulf of South America, they can call it that. But Scott, they can call it whatever they want because there’s free speech in this country, wouldn’t you agree?”
“Yes, but that, in my opinion if you’re not willing to call something by the proper name based on the laws of the United States, that calls into question your judgement and are you a news organization?” Jennings replied.
Sarah Matthews, a former deputy press secretary during Trump’s first term, asked Jennings whether it would be justifiable for former President Joe Biden to bar Fox News from the White House for recognizing there are only two genders. Jennings argued that Trump has provided more transparency to the press than Biden, who often got shielded from reporters and rarely held press conferences, which CNN’s Brian Stelter flat-out denied.
Trump answered 75 total questions just hours after being sworn into his second term, while Biden responded to just six questions in his first full week in office.
The AP issued a statement lamenting the White House’s decision to bar them from the Oval Office, saying it “severely impedes the public’s access to independent journalism.” White House press secretary Karoline Leavitt said during a Wednesday press briefing that reporting on-the-ground in the Oval Office is a “privilege,” and any outlets telling lies will “be held accountable.”
The AP is among several corporate media outlets that raked in millions of dollars from the federal government, including a $19,502,333 contract from the U.S. Agency for Global Media (AGM), stretching from 2017 to 2022.
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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.