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<p>[QUOTE="GDJMSP, post: 1644445, member: 112"]Doubtful, he's been a member for over 3 years and none of his previous posts give any indication of that.</p><p><br /></p><p>mkwelbornjr - </p><p><br /></p><p>Yes, we all understand the idea of a retail business needing to have a mark up for the company to be profitable. And no there is nothing wrong with that, everybody does it. Jewelers for example often have mark ups of 300-400%, same for furniture stores and many other businesses. But it's not how much they make that is the problem. The problem is how they go about making it.</p><p><br /></p><p>Goldline and companies like them use high pressure sales tactics and do their best to imply to potential buyers that buying what they are selling is a good investment, in fact a very good investment. They tell the buyers that they are getting "such a deal !" that it would be foolish to pass on the opportunity.</p><p><br /></p><p>These people are very good at what they do. And what they do is to take advantage of the uninformed and inexperienced. They use hype convince them that what they are buying is somehow rare or worth a lot of money, and that in the future it will be worth even more. When in fact the exact opposite is true. </p><p><br /></p><p>They do not tell the buyers that they can go elsewhere and buy the very same product for a fraction of what they are selling it for. And that is the problem. That is what is wrong. It's a scam, plain and simple. And it's a very old scam and one that is practiced all too often in the coin business. But as long as there are uninformed and gullible people out there it will be a successful scam. Unfortunately, those people will always be out there.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1644445, member: 112"]Doubtful, he's been a member for over 3 years and none of his previous posts give any indication of that. mkwelbornjr - Yes, we all understand the idea of a retail business needing to have a mark up for the company to be profitable. And no there is nothing wrong with that, everybody does it. Jewelers for example often have mark ups of 300-400%, same for furniture stores and many other businesses. But it's not how much they make that is the problem. The problem is how they go about making it. Goldline and companies like them use high pressure sales tactics and do their best to imply to potential buyers that buying what they are selling is a good investment, in fact a very good investment. They tell the buyers that they are getting "such a deal !" that it would be foolish to pass on the opportunity. These people are very good at what they do. And what they do is to take advantage of the uninformed and inexperienced. They use hype convince them that what they are buying is somehow rare or worth a lot of money, and that in the future it will be worth even more. When in fact the exact opposite is true. They do not tell the buyers that they can go elsewhere and buy the very same product for a fraction of what they are selling it for. And that is the problem. That is what is wrong. It's a scam, plain and simple. And it's a very old scam and one that is practiced all too often in the coin business. But as long as there are uninformed and gullible people out there it will be a successful scam. Unfortunately, those people will always be out there.[/QUOTE]
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