Right now, people are frightened and looking for legitimate ways to protect their assets.  The economy is not getting better any time soon;  and unless you get your hands on silver and gold,  you may be standing in very long soup lines.  Recently I heard about Goldline and decided to investigate for myself.  At first glance, I thought Goldline is a scam.   It’s so easy for companies to take advantage of desperate people when the economy stinks and I wanted to know if Goldline was out to help, or out to destroy.   You will be shocked at what I discovered.   And if you are looking at buying gold or silver, you need to read every word of this report so you don’t fall for the Goldline Scam

So last week, I called Goldine and ordered their gold and silver investors kit.  Two days later I received the kit with tons of docs and brochures pitching me on buying gold.  Pictured below. In the packet, there is an executive order, signed by Obama saying that all persons are required to deliever on or before may 1, 1933 all gold coin, gold bullion, and gold certificates to the Federal Reserve Bank. NO Thank you!!!

I just found out recently that a 2010 investigation discovered that their average markup on numismatic coins was 90% above merit value and 47% higher than their competitors.   And despite the thorough investigation, it is not illegal to overcharge customers.

Looking even further, I found that Glenn  Beck was behind the whole thing.  He has been pitching the destruction of the dollar and other doom and gloom scenarios.  He guarantees there will be hyperinflation like Zimbabwe.    It get’s crazier than this…

Bullion and bullion coins have little or no value beyond their metal content.  They are mass produced and certified.  The only reason these bullions have any value is because their rarity and are primary for collectors.  They also sometimes gain value due to age, but when you spend 90% over the value of the product, you will never recoup your loss.

So in my mind, yes Goldline is a not quite a scam but more of an extreme price markup on gold.  They also push these gold coins and portray that they are the only gold coins that can’t be confiscated by the goverment and that is why you should buy them.