Goldline Scandal

It's amazing the number of people who rely (only) on sellers of products for their "education" and "purchase rationalization" about those products. Think used car sales, investment schemes, life insurance, retirement plans, TV product commercials, Franklin Mint collectibles, miracle health products, easy weight-loss products, credit repair solutions, and oh yes, gold and silver "investments." It's a combination of being ignorant and being too lazy to to want to be otherwise. It's too easy to let someone else do their thinking for them. TV commercials, infomercials, and home shopping networks appeal to these kind of people.

 

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Someone thought I am being unfair to gold value. I like gold, but not right now. About a year and half ago ( Dec, 2008), I posted this thread about my tour of the Mesquite mine in Glamis, Ca. Gold was about $825/oz, and the shares of this mine was under 50 cents. After visiting the mine, I bought in excess of "many shares". The share price was close to $3 a share, when they were bought out by another mining company. I didn't like the current operations of the new company so I sold my shares. If I had held the conversion shares, they are now at $5 a share.

http://www.cointalk.com/t44834/

My point is that hindsight is 100%. When you are in the middle of the game, profit is a good thing to take some off the table if you are unsure of the future. Be cautious and investigate opportunities very carefully. Be careful my friends.

Jim

 

ah you are finally finding humor again i am overjoyed

 

No, it isn't. A bait and switch is when you advertise one particular thing to get people to come in to buy, but when they get there you don't have that one particular thing to sell and so you sell something else.



It's not that there are shoddy business practices going on, even though many here might consider them to be. It is that normal business practices are going on. In pretty much any business it is the saleman's job to sell the customer the item that will make the company the most money. That IS waht they get paid to do.

What you have to remember is this - Goldline advertises many different forms of gold. You can buy gold bars (ordinary bullion), or modern gold coins from just about any country that offers them. But you can also buy numismatic items - in other words coins that have a value over and above their gold content.

That is what those Swiss coins are - numismatic items. They are not modern coins produced in recent years. Those coins were last produced in the 1930's with 2 years in the '40s - but most much earlier than that even.

What happened here is that the Goldline salesmen did their job - a customer called in wanting to buy gold. So the salesmen talked them into buying gold in the form that would make the company the most money at the time - those Swiss gold coins.

But at any time the customer could have said no. The customer could have bought gold bars if they wanted and done much better. But the customer chose to, and chose is a very important word, to believe the saleman's spiel. The customer chose to buy those Swiss gold coins.

The customer is the one who always, always, always - has the final decision. It is their choice to either buy or not buy. Every single time. And so the customer bears the responsibility for their actions - not the company.

This is absolutely a case of people getting screwed by their own stupidity - and nothing else.[/QUOTE]


i am still telling you you are wasting your time join my company as chief marketing and technical officer and both of will be rich beyond our dreams. the treasury is running in empty right now

 

Ignorance too.....

 

but ignorance is bliss

 

Harveys' favorite axiom......

 

now dont be greenoculous

when i can have a kingdom and an empire

why cant i have a company

yes I have a company and it not broke it just doesnt have the money but if you join we can really make a lot of it.

i have been shouting myself hoarse for 2 years now but u dont take it seriously while the nitwits are making millions we are tidling our thumbs and at least one of us is headed into poverty

 

havent heard from harvey since he moved back? u guys doing ok?

 

im pretty sure they did nothing illegal, im looking at their handbook of disclosures thats 13 pages long, one sentence reads:

they(salesperson) or goldline may receive from time to time undisclosed compensation for reccomending a specific coin or currency products including but not limited to contests, cooperative advertising and trading profits in coins that they may own or sell

 

Maybe not illegal tactics but it is funny to watch TV and political people sell their "names" to such a predatory and exploitative company as Goldline.

They must be making a mint or don't think people will remember.

Many things are not illegal and all of us are ignorant about something. So easy to get all righteous on those ignorant of what we ourselves are not, gives you that warm superior feeling.

 

Fear sells, no doubt about that. How many people have dug out bomb shelters in their backyards, probably built in the 50's and 60's. Just about anyone now-a-days knows that the bombs are so powerful, they'd blast right through the shelter and even if they didn't the fallout would be so bad you'd die of radiation poisoning in about a few month. Yet, people spent 10s of thousands of dollars to have these shelters dug out. Why? Because someone promised them when catastrophe happens, the shelter would protect them. Fear sold this to the American public.

Now look at goldline. They too use fear to sell, with the idea that holding gold is somehow going to protect you. So, people call up there with very little knowledge beside someone they look up to told them to buy gold to avoid a disaster. But what really make it a sham in the bomb shelter analogy is someone is selling an above ground aluminum cargo bin because it works just as well as a bomb shelter. Really, now?!?