FYI A few times I mistakenly said "goldcorp" when referring to "Goldline." Also, on the Perth Mint, a few months ago we added a .75% surcharge to purchases for residends of the 21 "model states." This was necessary to help offset the higher compliance costs associated with those transactions. So our total markup on those transactions is 2.75% For residents of the remaining 29 states our markup is still only 2%. In addition we charge a 1% markdown on all sales. For a complete explanation of the program, including all applicable charges, please visit www.europac.net Also check me out on www.facebook.com and twitter.com
Tags: Gold, Wrong
One could say that Glenn Beck"s audience is not the most informed group in America and Goldline, being aware of this, decided to throw a fast one on these misinformed individuals. And I do not doubt that they've made quite a nice amount of coin (pun intended) by doing so.
Goldline has been selling bullion for numismatic for years.
The problem is that Glenn Beck, in his commercial, tells people that the government can confiscate their gold unless they buy these special "antique" gold coins from Goldline.
Goldline's website once listed Glenn Beck as a paid spokesman for Goldline until, after Jon Stewart mentioned it on a program, Fox made them change the wording.
As far as I can tell, Beck is the only one of the commentators who talked about the government confiscating gold. Levin, Ingram never mentioned it.
Is Weiner a whiner? Fox business certainly seems to think so.
@ShangTsungBeta That is EXACTLY what Glen says almost every day! Kudos.
I hope they pay for what they have done.
I follow Peter's advice most of the time. I read his books, and they are common sense guidelines. As far as gold coins, I read Coin World, and buy some numismatic & bullion items. You have to shop around, and get the physical stuff yourself! The T.V. coin shows are also RIP-OFFS of the highest caliber. Read books and educate yourself, the old adage applies: Buy the book before the coin!
Thanks for the honesty. Have you been watching all the rip offs of all the new MLM's popping up?
Why would anyone believe Glen Beck without doing some research yourself?
@jmth1974 no... you dont invest in t-shirt because of the same reason Peter uses the shoes example.... unless you have a t-shirt store or something.... but then you would just get your t-shirt from a wholesaler....
@OneStirringThePot As far as fraud goes...defrauding your customers is just bad practice and obviously illegal. I wish you or your "cousin" could have been specific about what was said by the goldline reps regarding why the coins were promoted by goldline. Perhaps you could follow up with some specifics. Thanks
Overcharging....this coming from Mr. Freemarket Capitalism? Don't you think it costs them an overabundance of money to have Glenn Beck pimp their wares? They need to factor that in to markup/marketing costs. Period. If you are dumb enough to listen to Glenn Beck and follow his crocodile tears...caveat emptor; I am sure that that warning would not be heeded by someone who would follow Beck. Look at how many people who can not afford Air Jordans procure them. Is Nike or MJ facing a lawsuit? No.
@poopenstien1 - He has 3 points: point 1 and 2 is that "Goldline is over charging their customers" and "are endorsed by people like Glenn Beck". Because of this, Goldline is in the wrong. However, my point is that simply overcharging clients is not an issue. Nor is it an issue because some clown like Glenn Beck tells me to buy it. His 3rd point is that Goldline's premise is to buy gold as an investment and are selling coins that are not ideal to that premise. My comment addresses all that.
@gringott12
sales people are, in effect, running businesses themselves. there is little to no commission on small-ticket items, which my comments re. the magnanimity of sales persons was getting at. these smaller-ticket items represent repeat business too, and sales people are often directed to perform such duties, even though no direct compensation is in the offering.
@gringott12
as an investment, the ruling point is costs/premium above price. in this regard, beck is doing a disservice to his clients.
@fasteddie847 If you're in kindergarten.
@satarnag That's not really his point. Watch the video again.
Congressmen Weiner!!!!!! It's hard to say that without laughing
Caveat emptor!
@pobaldy66 Sure, that's right. I doubt it. If the saleman is on commision, they would rarely do that unless the profit margin was higher on the one on sale. You don't get retail, I guess. Example: Store sells lettuce for less than they paid. Why? It's located in the entrance, to get to the register you have to pass through almost the whole store. No short cuts allowed. Milk sold at cost, but it is located as far from the registers as physically possible. It's called the free market, brother.
Profits are part of the free market. If we put arbitrary limits on profits for the gold coin market, as others have said, what about T shirts, TVs, cars, etc. Never mind homes and mortgages. There is no end to this until the Marxists have imposed the Soviet Bloc model on us. I was stationed in Berlin 1986-1989. I spend much time in the East. My wife is from Communist Poland. We understand what they want. It ends in misery and death. Period. God help us all.
Peter - I love you (in a non gay way) but I have to disagree with you. Like you stated, as long as they are not committing fraud, they are doing nothing wrong. As a consumer, I should shop around and do my research. If I know that gold is $1200 an ounce and they are selling me a .5 ounce gold coin at $2400, then I should think twice before committing myself to the purchase. You did your research for the Canadian Maple coin and people should too. Are you better than the average man?
@xtarka I don't understand your thinking. Surely in an environment where the share market is almost certainly headed for another crash and where the price of gold is rising steadily, gold could be considered a superior investment to shares, at least in the short to medium term.
Don't get pissed, get even.
Critical mass non-cooporation is making the shadow elite sweat, they are running scared, their Bilderberg plan is not working (out), fuck them, quit paying one red cent to bank credit cards, quit paying for inflated mortgages, quit buying crap, quit working your ass off for shit wages in a shit job, non-cooporation is effective peacefull dissent, now lets see who's got who really by the fucking balls.
Gold is not an investment. Gold/Silver is a store of purchasing power. The *value* of gold/silver doesn't change much over time. The *price* does change according to the deflation/inflation fluctuations of fiat currency. When gold prices rise, it only means that the intrinsic value of the currency is declining. The purchasing power of an ounce of gold/silver won't change much over time. Use gold/silver to store/release purchasing power, not for investing.