Posted on 07/19/2010 1:28:29 PM PDT by Cardhu
Authorities in California said today they have opened an investigation into Goldline International, a company that pioneered the practice of weaving its sales pitches into broadcasts by popular conservative political personalities -- including two former presidential candidates and Fox News host Glenn Beck -- to sell hundreds of millions of dollars worth of gold every year.
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.
"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."
(Excerpt) Read more at abcnews.go.com ...
>> Gee, what a coincidence.
Naturally. Reminds me of the crap Gov. Palin had to endure in Alaska post 2008 POTUS race.
No one but you, welfare parasites and gummint functionaries like the Lionel system. I like my truck. And I don’t live and work in a rats maze.
What is your ends in these choo-choos? Money or control?
Sounds like a perfect case for Eric H. Holder’s Justice Department - unless of course we’re talking about black gold.
Maybe they should look into that company that says they can make your winker bigger and everything will be delivered in a plain brown wrapper. Someone I know (not me) has sent them over three hundred dollars and we still call him (not me) ‘needle dick the bug fu”ker.’
I am holding on to the gold in my ‘’grill’’
No one but you, welfare parasites and gummint functionaries like the Lionel system. I like my truck. And I don’t live and work in a rats maze.
Kowtowing to the illiterate backwoods hermit vote isn't going to get the GOP back in the majority seat.
What is your ends in these choo-choos? Money or control?Independence from OPECker Oil.
The L.A. District Attorney is a Republican (don't know about the Santa Monica official). Of course, so is John McCain.
I've seen this too often to be reassured by an 'R' after a politicians name that they aren't doing the work of the left. Steve Cooley, the Los Angeles D.A., is running for California Attorney General (in a 'blue' state) so I'm not at all convinced that this isn't a witch hunt intended to ultimately smear Glenn Beck and any conservative broadcaster that Goldline sponsors by the inference that the broadcaster colluded with a dishonest gold broker in some scheme to defraud their faithful (but dumb, to the liberal mind) listeners/viewers. I'm surprised that any political conservative would be so easily assured that because the D.A. is a Republican, this can only be an investigation devoid of any political bias.
Frankly, it isn't as much about the sponsor as it is an attempt to cast suspicion on the conservative commentator. If this kind of investigation scares away potential advertisers for conservative broadcasters, from the left's point of view, its all for the better.
Fortunately, most listeners/viewers of Beck, Limbaugh and others are savvy enough to see the real intent behind this investigation. If some wrongdoing is found, which I doubt, let the company be prosecuted, but I maintain my belief that this is, as I've stated, politically motivated, especially in an election year with the popular tide turning hard against Democrats, who are likely becoming increasing desperate as they see their dream of a socialist utopia in America about to collapse with the November election. Sarah Palin was constantly accused of 'ethics violations' which were totally bogus but had to be investigated. They came to nothing. So will this.
Buying gold from these type of companies makes no sense.
If gold is going to go to $2000/oz or $4000/oz as many here believe; why would you sell it to the public for only $1200 an ounce.
Why wouldn’t a company that has plenty of gold hold onto to it if it was such a great investment guaranteed to double or tripe in value in a short time?
Because you sell to to suckers at a high price.
This is true of every non-essential product advertised on TV, from BMW to water filters :
Persuasion aimed at the clueless, the ignorant and the not so bright. You can't eat the stuff, it can't cure your illnesses, it can't pay your mortgage or pay your taxes, and it makes you a target of every criminal within 100 miles of your home.
Imagine when, as has happened with credit cards and identities, your name, among millions of others are stolen, complete with adresses.
Also imagine the government ordering all individuals to turn in all physical gold, and personal ownership deemed illegal--- wait---- that's already happened once. Never mind.
Criminal oppresive government can't protect the stupid. It can ony exploit them further.
The timing may be suspect, but it looks like Goldline is trying to sell high markup gold coins to people, coins with dubious numismatic value, to folks who are really looking for gold as an investment, a hedge against inflation, and where the buy back value of the coin according to the spot gold price, is close to the price paid at the time of sale.
Whether this is illegal or not, I don’t know, who knows what salespeople on the phone, who are getting a commission, say.
Hopefully, they tell the truth, but in any case, from what I have learned on the subject, the mark up on the coins that GL is pushing first and foremost to callers is very high, and way above industry standards.
And of course, just like any business you might consider doing business with, you have to ask yourself, eh, they are advertising on TV, and on all these expensive venues, they expect to make this money back somehow, ie, charging people more.
I agree with everything you say -— tell people the sky is falling and sell them gold to weather the storm. Good business and nicely targeted.
I do not think the DAs are implying anything to do with Glen Beck, that is ABC`s take on the investigation.
The sky IS falling, and gold might be a great way to weather inflation, and in fact, coins may resist a govt confiscation better than straight bouillon, but, from what I hear, GL is NOT the place to purchase your gold.
I am still learning about all this stuff, precious metals, you have to really be careful, I read yesterday about rust showing up on some gold coins that had come straight from the Russian bank!
and in Vick’s Vapo-rub
Why would the MSM and the ‘RATS want to silence a talking
head like Beck?
I’m sure they’re not afraid of him and his loony ravings, so
why would anyone want him silenced?
Beck might even be a gift to the Democrats.
Time will tell.
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