Goldline In Trouble
Posted on November 1st, 2011 by MoverMike
Goldline International, the California precious metals retailer promoted by Glenn Beck and other right-wing radio hosts, was formally charged with 19 criminal counts—including grand theft by false pretenses, false advertising, and conspiracy—on Tuesday by the Santa Monica City Attorney’s Office. The criminal complaint also implicates Goldline CEO Mark Albarian, along with two other company executives and two salespeople.
Gold, IMHO, is going much, much higher along with Silver, but you need to do your homework. Be careful out there!
You and I both know that the allegation of “Bait and Switch” is easy to make. Much more difficult to prove. Simply incentivizing your sales force to up-sell isn’t a crime. If it were, there would never be a price leader advertised again. And, do you think price leaders are going to be outlawed?
You and I have silver and gold. I have boxes of pre-64 dimes. I don’t give a lick as to the numismatic value of the coins. That was swamped a while back. (Okay, I am still looking for one of those special 64 dimes.)
If you don’t know what you’re buying, or why your buying, you’ll buy whatever you’re told is worth buying. At 17-hundred, no one is buying coins. You’re buying gold. Or, silver. I’m sorry for the guys who don’t know what to buy, or, understand why they’re buying. But does this rise to the level of criminal behaviour?
So, we look at the source. ABC? Do they have a dog in the hunt? Does the City Attorney?
It wasn’t that long ago, that a prof at OSU asked what his readers–the blog has disappeared–thought the price of gold would be, and gave a range from a thousand to 16-hundred. I was the sole responder who stated 16. He scoffed.
I’m still writing.
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