TV News LIES

Friday, May 22nd

Last update06:15:25 AM GMT

You are here News Congress Rep. Weiner: Glenn Beck's Goldline ‘grossly overcharges’ for gold coins

Rep. Weiner: Glenn Beck's Goldline ‘grossly overcharges’ for gold coins

E-mail Print PDF

Rep. Anthony WeinerRep. Anthony Weiner clashed with a senior official from Goldline International Inc. in a politically charged hearing Thursday in which the New York Democrat charged that the Santa Monica, Calif.-based precious metal dealer ‘grossly overcharges’ for their gold coins.

Weiner, who has conducted an investigation into Goldline and gold-sellers, formally unveiled legislation he has drafted that would regulate gold-selling companies including Goldline to disclose to consumers the reasonable resale value of precious metals -- particularly gold coins -- they are selling. He argues that Goldline’s average markup was 90% above the melt value of their coins, with the largest markup on any coin being 208% above the melt value.

Weiner also took aim at Goldline’s endorsers, which include prominent conservatives Glenn Beck, Mike Huckabee and Fred Thompson.

“The TV gold industry is lead by one company, Goldline, which focuses its energy on fear, lies -and rip-offs,” Weiner said. “Goldline gets people scared about the economy and their future, then they transition to a lie saying buying certain gold coins acts as a hedge against economic downturns and then the consumer is profoundly ripped off almost irrespective of how high the gold market is.”

More...

 


Most Recent Related Stories...


Patriot Act is on life support

Patriot Act on life supportA stalemate in the Senate would leave the FBI and National Security Agency (NSA) without powers...

Senate strikes deal to pass fast-track trade bill

senate passes trade billSenate leaders have reached a deal to advance President Barack Obama’s trade initiative after a failed...

U.S. House Votes To Ban Abortions After 20 Weeks

pro choiceThe U.S. House on Wednesday passed 242-184 a rewritten version of a bill to ban most...

Sally Yates confirmed as No. 2 at Justice Department

Sally YatesThe Senate easily confirmed a veteran federal prosecutor from Georgia as deputy attorney general Wednesday, despite...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!