Glenn Beck's favorite gold company was dragged to Capitol Hill Thursday to answer questions regarding its marketing and sales practices.
See full article from DailyFinance:
http://srph.it/c2f7kAJust a example of the Rip-OFF.
Dr. Julius Bazan, a neurologist from Long Island, N.Y., told the hearing that a Goldline salesman pressured him into buying $140,000 in gold coins. "I wanted bullion but he said that's not a good investment because in the 1930s the government confiscated all the gold bullion," Bazan said.
When the price of gold failed to move after six months and Bazan wanted to sell, the salesman gave him the "melt" or market value of his gold. "My $140,000 investment was down to $83,000," Bazan said.
See full article from DailyFinance:
http://srph.it/c2f7kAOf course the protectors of Beck see this as a attack on him. Never-mind the fact Gold line is a bad deal... and is bad investment.
It is up to the individual to decide if Beck is scaring people to by gold for this company.
Even though they(Gold line) pay him to promote them. Fox made him back off some of his advertising ploys because they even seen his tactics to be to much of a conflict of interest.