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The Rip-Off continues...

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AmericanMan1958 Donating Member (189 posts) Send PM | Profile | Ignore Sat Sep-25-10 05:52 PM
Original message
The Rip-Off continues...
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/c2f7kA


Just 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/c2f7kA

Of 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.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-25-10 06:16 PM
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1. Goldline has zero to do with bullion gold holdings or the spot price.
They are all about art collecting and the 'collectors' price on coins.

Anthony Weiner (D-NY) will be exposing this scam within weeks.
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upi402 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-25-10 06:23 PM
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2. Jesus would overturn that money-lenders ass YESTERDAY!
what a user Beck is. he exploits the gullible.
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Edweird Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-25-10 06:50 PM
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3. I don't have it in me to feel sympathy for Glenn Beck listeners.
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