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Authorities in Los Angeles and Santa Monica have opened an investigation into Goldline International,
a company that weaves its sales pitches into broadcasts by popular conservative political personalities,
including Fox host Glenn Beck and two former presidential candidates, to sell hundreds of
millions of dollars in gold.
It looks like we need another gvt agency to protect stupid people from buying gold and silver to hedge against inflation.I have a scant education and all the gold and silver I have was bought on the dips just like you do stocks.What I paid for it and what it is worth now I am sitting pretty.Those savants could have used the INTERNET and went to a site that tells you how much silver/gold is in a coin and exactly what it is worth.
Ahhh I see so because a company advertises during a certain show, that show is some how involved in that companies wrong doings? Great line of thinking.
The firm, which weaves its sales pitches into broadcasts by popular conservative political personalities,– including two former presidential candidates, Fred Thompson and Mike Huckabee and Fox News host Glenn Beck is being investigated for misleading and overpricing buyers.
Quote:
"There are two main types of complaints we're seeing," said Adam Radinsky of the Santa Monica City Attorney's office, which has launched what it described as a joint investigation with the Los Angeles County District Attorney's office.
Quote:
"One is that customers say that they were lied to and misled in entering into their purchases of gold coins," he said. "And the other group is saying that they received something different from what they had ordered."
Glenn Beck commonly mentions that the price of gold from this organization is overpriced, and that its not intended to be used as an investment, but rather "insurance".. If your buying them because you dont think they are "overpriced", your a fool, because gold coins normally have a 30% surcharge assigned to them across the board..
I'm a little curious though why its "Glenn Becks" advertiser, because the company advertises in LOTS of places, not just Becks tv/radio show.. Oooh, its just another reason to try to bash Beck, for something which might not even exist.
Tell me when criminal charges have been filed.. till then, its hoo hum..
Glenn Beck commonly mentions that the price of gold from this organization is overpriced, and that its not intended to be used as an investment, but rather "insurance".. If your buying them because you dont think they are "overpriced", your a fool, because gold coins normally have a 30% surcharge assigned to them across the board..
Is this the "Insurance" Glenn Beck offers by promoting the purchase of gold coins?
Quote:
On numerous occasions, Glenn Beck has dedicated entire segments of his program to explaining why the U.S. money supply is destined for hyperinflation under President Barack Obama. He will often promote the purchase of gold as the only safe investment alternative for consumers who want to safeguard their livelihoods. Then, during a nearby commercial break a Goldline commercial will air.
Quote:
Goldline Grossly Overcharges For Their Coins
Average Goldline mark-up was 90% above the melt value of the coin. The largest markup seen on a coin was 208% above the melt value. The average Goldline markup in comparison to the best price his office could locate on competitors' websites was 47%, going as high as 102% on one of the coins they offered.
A rainy day.. catastrophy, what else do you buy insurance for? I thought that was obvious.
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Firm Selling Gold Touted by Glenn Beck Under Fire
