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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 05/26/2010 : 06:45:39
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The video is about the pressure selling of over-priced gold by dealers like Goldline. If Beck doesn't know what Goldline is doing then he either doesn't want to know or he is very foolish in his business associtations. Neither speak well of him in my opinion. I agree we don't need regulations of the physical gold market, but we do need warnings of rip-offs even if they have to come from liberal democrats.
Forget the ETF advice though, I just bought gold at $35 over spot at my local dealer.
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Think positive. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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UDEric
Penny Pincher Member
USA
202 Posts |
Posted - 05/26/2010 : 08:57:48
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I was watching this on MSNBC or whatever NBC channel it is on, and I 100% agree with Peter Schiff's idea that "the free market needs to weed these companies out".
In reality Goldline is praying on people that don't know much about buying gold/silver. But at the same time, should people not be responsible for their actions? Both parties share fault here in my opinion. Before I made my first purchase of silver I did a few days worth of research to find the right price and a reputable dealer.
If people would do the proper research, a company like Goldline would be out of business in a month.
I see this as a microcosm of much of the financial crisis. Those with the power preying on people that can not, or choose not to think for themselves. Sub-prime mortgages come to mind. |
"Three things cannot be long hidden: the sun, the moon and the truth" |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/26/2010 : 09:04:06
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quote:
Originally posted by UDEric
I was watching this on MSNBC or whatever NBC channel it is on, and I 100% agree with Peter Schiff's idea that "the free market needs to weed these companies out".
In reality Goldline is praying on people that don't know much about buying gold/silver. But at the same time, should people not be responsible for their actions? Both parties share fault here in my opinion. Before I made my first purchase of silver I did a few days worth of research to find the right price and a reputable dealer.
If people would do the proper research, a company like Goldline would be out of business in a month.
I see this as a microcosm of much of the financial crisis. Those with the power preying on people that can not, or choose not to think for themselves. Sub-prime mortgages come to mind.
Yes, but news reports such as this over the MSM makes such research much easier for most people. The problem is when they scare off prospective gold buyers because they fear all PM dealers do business like Goldline. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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UDEric
Penny Pincher Member
USA
202 Posts |
Posted - 05/26/2010 : 09:13:13
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quote:
Originally posted by Ardent Listener
quote:
Originally posted by UDEric
I was watching this on MSNBC or whatever NBC channel it is on, and I 100% agree with Peter Schiff's idea that "the free market needs to weed these companies out".
In reality Goldline is praying on people that don't know much about buying gold/silver. But at the same time, should people not be responsible for their actions? Both parties share fault here in my opinion. Before I made my first purchase of silver I did a few days worth of research to find the right price and a reputable dealer.
If people would do the proper research, a company like Goldline would be out of business in a month.
I see this as a microcosm of much of the financial crisis. Those with the power preying on people that can not, or choose not to think for themselves. Sub-prime mortgages come to mind.
Yes, but news reports such as this over the MSM makes such research much easier for most people. The problem is when they scare off prospective gold buyers because they fear all PM dealers do business like Goldline.
I can half buy that argument...I totally agree that overall that was a good news piece in the sense that they "exposed" a companies crummy ways of doing business. Again though, a simple 5 minute google search for "places to buy gold" or "fair gold prices", or something like that would result in these possible buyers not being scared off.
Also...the one thing I did NOT like was that Ratigan and that woman seemed like they had no idea on earth why someone would want to own physical gold over an ETF...once Peter Schiff's feed came back he was talking about the importance of having at least some of your gold holdings in physical. |
"Three things cannot be long hidden: the sun, the moon and the truth" |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/26/2010 : 09:22:17
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quote:
Originally posted by UDEric
quote:
Originally posted by Ardent Listener
quote:
Originally posted by UDEric
I was watching this on MSNBC or whatever NBC channel it is on, and I 100% agree with Peter Schiff's idea that "the free market needs to weed these companies out".
In reality Goldline is praying on people that don't know much about buying gold/silver. But at the same time, should people not be responsible for their actions? Both parties share fault here in my opinion. Before I made my first purchase of silver I did a few days worth of research to find the right price and a reputable dealer.
If people would do the proper research, a company like Goldline would be out of business in a month.
I see this as a microcosm of much of the financial crisis. Those with the power preying on people that can not, or choose not to think for themselves. Sub-prime mortgages come to mind.
Yes, but news reports such as this over the MSM makes such research much easier for most people. The problem is when they scare off prospective gold buyers because they fear all PM dealers do business like Goldline.
I can half buy that argument...I totally agree that overall that was a good news piece in the sense that they "exposed" a companies crummy ways of doing business. Again though, a simple 5 minute google search for "places to buy gold" or "fair gold prices", or something like that would result in these possible buyers not being scared off.
Also...the one thing I did NOT like was that Ratigan and that woman seemed like they had no idea on earth why someone would want to own physical gold over an ETF...once Peter Schiff's feed came back he was talking about the importance of having at least some of your gold holdings in physical.
Well, that goes without saying as far as most CNBC or FOX business types believe. I'm always amazed how stupid many of them are and yet they hold the jobs they do. But maybe they really know better, after all the major brokers are their sponsors and not the local coin shop down the road. |
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All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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UDEric
Penny Pincher Member
USA
202 Posts |
Posted - 05/26/2010 : 09:27:22
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| True...I would tend to agree that they are not really dumb, they just play dumb on TV. I like Dylan Ratigan, or at least I WANT to like him, as he seems to be one of the few who is exposing the FED, and other bankers on main stream news. However, I can't seem to get myself to fully trust anyone who works for one of these MSM networks. |
"Three things cannot be long hidden: the sun, the moon and the truth" |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/26/2010 : 11:05:40
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I just thought, perhaps when gold hits $5,000 clients of Goldline who bought and held will be thankful that Goldline pushed that "expensive" gold on them.  |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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harley1
Penny Pincher Member
140 Posts |
Posted - 05/26/2010 : 11:39:05
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| peter schiff rocks |
Today is the tomorrow we worried about yesterday. |
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