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Goldline Execs Charged With Fraud

Discussion in 'Current Events' started by Party Rooster, Nov 2, 2011.

  1. Party Rooster

    Party Rooster Unleash The Beast

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    Why are they still going after Glenn Beck? They already got him booted off the TV...:icon_cool
     
  2. Neon

    Neon ネオン
    Donator

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    They just couldn't resist. It's like libtard OCD.
     
  3. weeniewawa

    weeniewawa it's a man, baby!!!

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    if anyone buys something from someone without doing anymore research than with the one company, they deserve to be ripped off

    we have this thing called the "internet" that lets anyone become an instant expert in almost anything

    like getting a second opinion for medical procedures

    maybe this company is a bunch of dicks but no one made them buy something at the barrel of a gun
     
  4. Begbie

    Begbie Wackbag Generalissimo

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    Is this the company that has Liddy in their commercial? Or is it the company where that dope is making believe he's talking to that broad at the beginning of the commercial, then he looks up to the camera and starts talking as she walks off?
     
  5. LiddyRules

    LiddyRules I'm Gonna Be The Bestest Pilot In The Whole Galaxy

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    What's that?
     
  6. TheDrip

    TheDrip I'm bi-winning.

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    When are they going to go after the Franklin Mint for their goddamn commemorative plate collections!!!
     
  7. Party Rooster

    Party Rooster Unleash The Beast

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    My grandmother has an entire set of Elvis plates, 16 or 20 of them in all, and was looking to sell them since they're just sitting in boxes in a closet. I told her I'd put them on my Ebay for her and since she paid over $50 a piece for them 25 years ago, she thought surely she could net close to a $1000 bucks for them. I went on Ebay to see the going rate and it was less than $300 for a complete set. Told her she should have bought Apple.
     
  8. Voss's Tumor

    Voss's Tumor Banned

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    It's understandable for people back then to think shit like that, though. There was no internet, and people heard rumors of weird collectible shit being sold for ridiculous cash. (Baseball cards, comic books, etc)

    I'm still unclear how this company is guilty of anything, though. People are stupid and they buy dumb shit. If you're going to punish every company that sells to dumb people we're all going to jail.
     
  9. stevethrower

    stevethrower Got Sig?

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    Yep... I weighed some broken gold my chick had... figured out the approximate retail scrap value... and when to 3 places. The "chain store" that is BBB accredited etc... offered $200 less then the Jewelery Store and Coin Store I went into.
     
  10. MayrMeninoCrash

    MayrMeninoCrash Liberal Psycopath

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    Goldline =/= Cash 4 Gold type places

    If I remember correctly, Goldline was selling derivatives based on the price of gold, and acting as if you were buying your own personal Fort Knox. I'm surprised the SEC didn't shut this racket down a long time ago.
     
  11. JoeFromS.Jersey

    JoeFromS.Jersey Registered User

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    I don't think you're remembering correctly....

    Goldline sells gold bullion and gold coins. Their bullion is competitively priced with anyone else out there. But their schtick is that if you call in to buy bullion they try as hard as they possibly can to sell you numismatic coins instead of the bullion that is actually what you want to be investing in. I think the crux of the case listed above is that they are not particularly honest when stating the "benefits" of buying the coins. They really try to play up that government seizure line on bullion.

    I've bought bullion from them and they send it right to your house. So, it's not a paper trade.
     
  12. MayrMeninoCrash

    MayrMeninoCrash Liberal Psycopath

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    Yeah you're right - I was thinking of ETF's, not Derivatives, too. Goldline doesn't seem to be in that market.
     
  13. whiskeyguy

    whiskeyguy PR representative for Drunk Whiskeyguy.

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    No shit. I never understood why people in the media go after others because of something their sponsor did... it's a fucking advertisement. If Beck owned Goldline, they'd have a point.
     
  14. Norm Stansfield

    Norm Stansfield 私は亀が好きだ。

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    I don't think it's completely unwarranted to mention the platforms that run shady ads. But a proper journalist would've most definitely either listed all the platforms that ran Goldline ads, or none at all.

    Also, Glenn Beck is doing a little more than just running the ads:
    http://abcnews.go.com/Blotter/glenn-beck-fires-back-goldline-investigation/story?id=11218568

    The above link once again confirms a long running theory of mine about Glenn Beck. (No, it's not that Germans love him. It's that he's a moron)
     
  15. whiskeyguy

    whiskeyguy PR representative for Drunk Whiskeyguy.

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    I'm by no means defending Beck, I can't stand him. I simply think the fact that he was sponsored by Goldline is irrelevant. Media is a business. If someone is willing to buy advertisement space, then the business sells it to them. Beck above anything else is a businessman, and he was there to make money first and foremost. He wasn't the guy on the phone trying to confuse people into blowing their money, or the dude who came up with the plan.
     
  16. CousinDave

    CousinDave Registered User

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    Did Beck appear in ads for this company, while it really dosen't matter to me, but it does hurt his credibility because of the business he is in.

    Now if Steven Singer got caught with child porn on his computer or something, Prime Time Sam Roberts would not lose any of his credibility.



    I just want to say investing in something that is advertised on cable/satellite TV or Sirius XM is not a good investment

    If you want to buy gold then buy gold bullion or scrap not newly minted coins that only have a scrap value

    If you want to invet in gold coins then buy collectible US gold coins not the stuff that's advertised on TV & radio
     
  17. Norm Stansfield

    Norm Stansfield 私は亀が好きだ。

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    Yes, but there are two reasons why that ad space sells: one is the audience it has, the other is the media outlet's reputation. The audience has some faith in a reputable media outlet's ability to weed out at least the blatant fraudsters.

    I'm not saying every outlet has the legal, or even moral obligation to check up on their advertisers. They don't. But some might (because developing a good reputation will, in the long run, be profitable), and some people might be counting on them to do it. If that faith is misplaced, it is a journalist's job to try to inform the audience about that fact.
     
  18. The Godfather

    The Godfather Spark it up for The Godfather and say!!!!!

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    You should have been smart enough to realise that buy antique gold coins for 50% markups + commision isn't smart.

    If gold is $1,500/oz... buy a gold bar for $1,500/oz + spot & shipping insurance

    If gold is $1,500/oz.. don't buy a .5 oz coin for $3,000... what are you fucking stupid?
     
  19. Party Rooster

    Party Rooster Unleash The Beast

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    This.

    [​IMG]

    The fact that they were Beck viewers already established that. :action-sm
     

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