Thursday, August 05, 2010

Glen Beck, Mike Huckabee, and Fred Thompson Endorse Goldline Scam

As you can see from the above videos, you can’t trust TV personalities for advice on investments.  Use common sense!  The principle that hard assets retain their value over paper money is a valid one.  But with the economy in the tank, coin collectors are less likely to be looking to increase the size of their collections at this time.  Don’t let these high pressure salesmen fool you, the precious metal itself is the more durable commodity, not the numismatic value.  It wouldn’t surprise me if the government didn’t start seizing people’s gold, but there is no reason to believe that numismatics would exempted.  And if we get to that point, it probably won’t matter anyway, we’ll all be screwed.  Even the purchasing power of gold and silver will go down in a bad economy, but the value of collector’s coins will go down even more.  Their value might rebound in a good economy, but this is an uncertainty.  You should be purchasing gold and silver bullion or coins because the value of the dollar (paper money) is sure to go down much more rapidly than any tangible asset.  Silver seems to be a better investment right now than gold because it is undervalued.  Silver also has more practical uses than gold.  I am not an expert on this, but these things are just common sense. 

Even more important than purchasing gold and silver is the purchasing of necessities (i.e. bullets and beans) which can be stored over long periods of time so that you can ride out the impending crisis which is being perpetrated upon this nation by the corrupt alliance of the corporations and the government.  I will, Lord willing, talk about that in a future post.

But getting back to these corrupt salesmen, Goldline is not the only company which pressures people to make unwise investments.  Swiss America is not as bad, but they use the same false arguments and phony statistics to convince you buy their overpriced numismatics.  Pat Boone is either a stooge or corrupt.  When you buy gold and silver coins for the value of the metal and not the value to the collector, you know exactly what you’re getting.  As long as you can physically hold the gold or silver in your possession, you don’t have to worry about someone scamming you, because you can look up the current price of gold or silver.  There are many gold and silver sellers who will not pressure you to purchase numismatics (some don’t even sell them at all).  I buy my gold and silver from Midas Resources and I have absolutely no complaints about them whatsoever.  They sell me the coins at the current price with NO MARK UP.  You can find them and others advertised on the Daily Paul.

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