(DCNF)—Federal Communications Commission Chairman Brendan Carr warned media outlets Saturday that they may lose their broadcast licenses if they insist on running “fake news” content.
Carr wrote in an X post he was giving broadcasters who were “running hoaxes and news distortions ‐ also known as the fake news” the chance to “correct course before their license renewals come up.” His warning came in response to a Truth Social post by President Donald Trump slamming “the Fake News Media” for what he called an “intentionally misleading headline” about U.S. Air Force planes reportedly hit by an Iranian missile strike.
“The law is clear. Broadcasters must operate in the public interest, and they will lose their licenses if they do not,” the Federal Communications Commission (FCC) chairman wrote in his post. “And frankly, changing course is in their own business interests since trust in legacy media has now fallen to an all time low of just 9% and are ratings disasters.”
The FCC chief was likely citing a Gallup survey released in September 2020 which showed that only nine percent of U.S. adults had “a great deal” of trust in mass media to report “the news fully, accurately and fairly.”
“The American people have subsidized broadcasters to the tune of billions of dollars by providing free access to the nation’s airwaves,” Carr continued. “It is very important to bring trust back into media, which has earned itself the label of fake news.”
“When a political candidate is able to win a landslide election victory after in the face of hoaxes and distortions, there is something very wrong,” he added, referring to Trump’s sweeping all seven battleground states in the 2024 election, while winning the popular vote by 1.5% percentage points. “It means the public has lost faith and confidence in the media. And we can’t allow that to happen. Time for change!”
“Yet again, an intentionally misleading headline by the Fake News Media about the five tanker planes that were supposedly struck down at an Airport in Saudi Arabia, and of no further use,” Trump, who appointed Carr to lead the FCC in his second term, wrote in his Saturday morning Truth Social post.
“In actuality, the Base was hit a few days ago, but the planes were not ‘struck’ or ‘destroyed.’ Four of the five had virtually no damage, and are already back in service. One had slightly more damage, but will be in the air shortly. None were destroyed, or close to that, as the Fake News said in headlines,” the president specified.
The story to which Trump was referring was first reported by The Wall Street Journal. As of Sunday afternoon, the outlet updated the copy of its story on Saturday at 12:18 p.m. EDT, just under three hours after Trump’s post.
The Wall Street Journal’s story, as it reads Sunday, states in its second paragraph, “The tankers were damaged but not fully destroyed and are being repaired, one of the officials said.” Other outlets that reported on the story citing the Wall Street Journal, such as Reuters, also included similar language toward the top of their copy.
“The New York Times and The Wall Street Journal (in particular), and other Lowlife ‘Papers’ and Media actually want us to lose the War,” the president continued. “Their terrible reporting is the exact opposite of the actual facts! They are truly sick and demented people that have no idea the damage they cause the United States of America.”
Carr made headlines in September 2025 for his indirect role in the temporary suspension of late night comedian Jimmy Kimmel. After Kimmel falsely suggested Charlie Kirk’s suspected assassin was a part of the MAGA movement, Carr told podcaster Benny Johnson, “These companies can find ways to change conduct, to take action on Kimmel or, you know, there’s going to be additional work for the FCC ahead.”
Carr’s remarks led Nexstar and the Sinclair Broadcast Group, two companies that own dozens of ABC affiliates which carry Kimmel’s show, to suspend airing the comedian pending an apology. Kimmel returned to the air less than a week later.
Earlier in September, the FCC chair made similar remarks about threatening to pull licenses of broadcasters who allegedly misled the public interest in reference to media coverage of Kilmar Abrego Garcia. Garcia is a reputed MS-13 gangbanger and alleged human smuggler who the Trump administration had, at the time, deported to his native El Salvador.
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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.