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<p>[QUOTE=&quot;hallischalmers, post: 895234, member: 20563&quot;]..on the pretext that they (the dealers) - and others - manipulate the market?</p><p><br /></p><p>I&#039;m trying not to get into a political discussion here - but it seems that politics is now being used by the gov&#039;t (or at least one Congressman) to specifically target a legitimate industry in general - and one company in particular.</p><p><br /></p><p><a href="http://www.politico.com/news/stories/0510/37413.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.politico.com/news/stories/0510/37413.html" rel="nofollow">http://www.politico.com/news/stories/0510/37413.html</a></p><p><br /></p><p>Quote from the article: <i>&quot;A member of the House Subcommittee on Commerce, Trade and Consumer&nbsp; Protection, Weiner said he plans this week to introduce legislation to&nbsp; require Goldline and other precious metal retailers to fully disclose&nbsp; all their fees, how much the price of gold would need to rise in order&nbsp; for their customers’ investments to yield a profit, and the purchase&nbsp; price, melt value and resale value of the metal that constitutes their&nbsp; products. And he called on the Securities and Exchange Commission, as&nbsp; well as the Federal Trade Commission to investigate “the shady business&nbsp; practices conducted by Goldline International.”</i></p><p><br /></p><p>In particular, this line intrigues me:<i> &quot;...how much the price of gold would need to rise in order&nbsp; for their customers’ investments to yield a profit...&quot;</i></p><p><i><br /></i> </p><p>To me the answer would be as simple as this: You buy at $1200 today...sell at $1500 next month. It took you 30 days to make a profit of $300. If you sell at less than $1200 - you lost money.</p><p><br /></p><p>Am I totally wrong on this - or do we really need this much gov&#039;t oversight to determine how we choose to invest our personal capital - whether it be gold, corporate stocks, gov&#039;t bonds, etc.?</p><p><br /></p><p>To me, gold and precious metals have been a safer more tangible investment choice than a 401k - and further regulation by the gov&#039;t is unwarranted.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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