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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Goldline International Scam Investigation Opened!

An investigation has been launched by Democratic Congressmen Weiner & Rush, of the selling practices of Goldline International. Goldline uses high profile conservative firebrands like Glenn Beck to promote their gold & silver coins and bullion. I believe the investigation by the government of Goldline is politically motivated, and represents yet another glaring example of the "Big Brother" mentality that seemingly has engulfed our nation.

My own review of their online selling practices and their website reveals they primarily profit by selling gold and silver coins at extremely high prices to novices, incited by inflammatory ads featuring conservative icons. The company especially seems to prefer non-bullion numismatic coins as their "true value" is much more nebulous, and not directly linked to silver and gold prices (as are bullion coins). The sales pitch relies heavily on worries about the economy and a possible Federal government confiscation of non-numismatic gold coins, as happened in 1933 under FDR. Goldline claims profit margins of 30-35%, but I suspect they actually soar as high as 67% on their favorite coin, the Swiss 20 Franc gold coin! On the other hand, competitors like Amergold.com offer the same coins at only about a 13% market up!

The Swiss coins contain 0.1867 troy ounces of gold, and are a little smaller than a nickel. The coin is promoted as a rare numismatic coin, and therefore likely exempt from any future government mandated confiscation. In reality, however, the coin is actually quite common and is of little numismatic value. Their website also spends a lot of time selling First Strike, Proof, and other coins that usually demand high premiums above and beyond their gold or silver content.

You can read my other blogs for more information, but I've said previously that most Americans should concentrate on American pre-1965 dimes, quarters, halves, and dollars (junk silver), and American Silver or Gold Eagles from Gainesville Coins or Apmex if they don't want to be ripped off. Bottom line, you'll get a lot more silver and gold for your buck. The numismatic and specialty coin premiums are much higher and more volatile than bullion investments, and easily evaporate in periods of severe economic instability. However, do your OWN research first BEFORE buying. Take no one's word, (including mine), as to the best investment vehicles for your particular situation. DO YOUR OWN DUE DILIGENCE, PEOPLE! Don't rely on Uncle Sam to always be there to correct your ignorant or lazy mistakes!

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, APMEX Gold and Silver and Silver American Eagles.

Rick