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View Diary: Glenn Beck-touted Goldline charged in criminal complaint (115 comments)

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  •  Completely different deal (9+ / 0-)

    Those companies sell gold bullion and gold bullion coins such as American Eagles, Canadian Maple leafs, Austrian Philharmonics and Krugerrands. It is sold at the spot price of gold plus a small premium.

    Goldline brings in people with the promise of bullion sales, but then frightens them into thinking Obama will confiscate their gold just like FDR and the only way to protect their gold is to buy "collectable" coins which will be exempt from the confiscation, just like in 1933.

    Then they sell them foreign "collectable" gold coins, usually French "Lucky Angles" for more than twice the spot price of gold.

    This is so wrong on so many levels but it is not the same as reputable gold dealers, of which there are many.

    "Who is John Galt?" A two dimensional character in a third rate novel.

    by Inventor on Wed Nov 02, 2011 at 09:05:14 AM PDT

    [ Parent ]

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