Goldline, one of Glenn Beck's advertisers and whom he has endorsed, was brought before Congress today to explain how they have bilked thousands of middle-class somewhat boomer to older consumers out of millions of dollars with their scare tactics.
One witness, not impaired nor particularly "elderly" or "partiallly senile" , tesitified that having bought $140,000 of their "coins" tried to liquidate them with the same company. They offered him $80,000.
That is quite a markup on gold these days. If they really believed that their "coins" could hold their value, wouldn't they want to buy them back at or very near what they sold them for?
They compared their coins to Suisse Francs as holding value. Really? Could I buy something here, anywhere, with a Suisse Franc? Doubtful. I would have to take it to the government or a dealer to get it appraised and any payout.
Please be careful when presented with scare tactics. Everyone worries about the economy, but buying gold from someone who tries to sell you something over the phone or by mail could cost you many thousands and thousands of your hard-earned money.
Check with at least three sources before you jump in. And, please make sure that you trust those sources.
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