Goldline Scam & Swiss Gold!

The Swiss 20 Franc gold coin contains 0.1867 troy ounces of gold, and is a little smaller than a US nickel. When the price of gold is at $1385 USD per ounce, the coin is worth about $258 in gold content. That being said, why is Goldline International selling this rather common European gold piece currently for $441, or at a premium of 71%? With this level of premium, gold would have to nearly double in price for a poor investor to break even on this questionable investment! Am I missing something?

Well, let's allow Goldline International's marketing brochure selling points do the talking (with my comments, or rather rebuttals, following immediately after each point in bold type):

Privacy

Unlike many financial assets, clients are not required to provide a Social Security number when they sell certain coins like European gold coins.* According to the Social Security Administration, identity theft is one of the fastest growing crimes in America. Consumers are advised to be careful about sharing their social security number with others. You should consult with your tax advisor regarding the proper reporting and taxability for all coins, precious metals, and rare currency.

You can buy as many American Gold or Silver Eagles bullion coins as you like, and no one will ask for your Social Security number. This is blatantly a spurious selling point for the Swiss coins. Moreover, you won't pay more than a 5-7% premium for the Eagles, unlike the Francs from Goldline International.

Liquidity

The European gold coins we offer are composed of high gold purity levels: often 90% pure gold or more. Due to their high gold content and smaller size, these coins are ideal for barter and trade. Further, the European gold coins are internationally recognized and can be traded throughout the world with relative ease.

You can't find a gold coin more liquid in the USA and more pure (.999 pure gold) than the American Gold Eagle. The AGE also has the amount of gold and the purity stamped on the reverse of the coin which aids in the sale and liquidity of the piece. The Swiss 20 Franc coin has no such markings.

Potential Protection Against Confiscation

Expert resource books like the Standard Catalog of World Coins recognize these coins have a collectible value over and above their bullion content. When the United States government last confiscated gold from its citizens via Presidential decree in 1933, coins having a recognized special value to collectors of rare and unusual coins were exempt. If the government outlaws and confiscates gold bullion, we believe rare coins like European gold coins should be exempt.

The Presidential decree of 1933 has been invalidated for decades now. There is NO guarantee that any new law would exempt any gold coins, most especially common coins like the Swiss Franc which numismatic experts say has extremely limited numismatic value above and beyond the coins value in gold bullion.

Buy American Gold and Silver bullion eagles for the best precious metal investment strategy, with a minimal charged premium!

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):

Rick

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