Realcent.org

Legislative Hearing on H.R. 6149, the “Precious Coins and Bullion Disclosure Act”
Hearings - Subcommittee on Commerce, Trade and Consumer Protection
Thursday, 23 September 2010 10:33

The Subcommittee on Commerce, Trade, and Consumer Protection held a legislative hearing on H.R. 6149, the “Precious Coins and Bullion Disclosure Act” on Thursday, September 23, 2010, in 2322 Rayburn House Office Building. The legislation addressed the sale to consumers of gold and other precious metals for investment purposes.


Source: http://energycommerce.house.gov/index.p ... &Itemid=70

Amazing how there has to be hearings on the stupidity of people buying something they know nothing about. Swamp land in AZ and the golden gate bridge are also up for sale are they ready to buy them? One would think that if you are going to invest in something you should learn all you can. I am not excusing what Goldline has done but come on people you gotta do some homework here.

[quote="AGCoinH. Swamp land in AZ .[/quote]

actually not much swamp in AZ.

Pathetic Congress. Another waste of taxpayer dollars with this hearing. Too bad they don't have the gumption or guts to pass a budget prior to going home to beg for their worthless jobs.

I have two questions:

1). Other than charging FAR more for coins than they are worth, has Goldline actually committed a federal crime that they should be the subject of a congressional hearing?

This leads to question 2). Has anyone else noticed that there are alot more congressional hearings when it comes to private companies nowadays?

AIG, Lehman, Goldman, GM, Chrysler, Ford, Goldline, Roger Clemens, ...

argent_pur wrote:I have two questions:

1). Other than charging FAR more for coins than they are worth, has Goldline actually committed a federal crime that they should be the subject of a congressional hearing?

This leads to question 2). Has anyone else noticed that there are alot more congressional hearings when it comes to private companies nowadays?

AIG, Lehman, Goldman, GM, Chrysler, Ford, Goldline, Roger Clemens, ...

I've wondered if Scott Carter dropped a few tears at his hearing like the Big Meat Patty McGwire did?

There's no crying in PM sales!!!!

Seriously, I was wondering the same thing. The good Doctor needs to be alittle more careful with his IRA accounts or someone will scam him again. Common sense can't be legislated or mandated.

DF

The thing is, you know behind closed doors, these politicians are saying the same thing we are...DYODD! What do they think they're going to accomplish? Goldline has every right to charge whatever the heck they want to charge--if this doctor didn't have the sense to shop around, it wasn't due to a lack of options or information--in the age of the internet, ignorance is one disease that should be nearly eradicated!

This is as much about Glenn Beck, Mark Levin, Laura Ingrahm, etc, as Goldline. Goldline advertises on conservative talk radio.

High pressure telephone sales is a fact of life, for anything from condominiums/time shares to verifying your latest credit card update to bullion and coins. BUT, all you have to do is HANG UP to escape the evil salesmonger.

Hey, I did telephone sales for a while and made some pretty good bread, too. You want the sale? Close, baby, close. However nobody got ripped off, they received exactly what they ordered. Goldline can probably say the same thing.

I do have to say, I let some guy into my house who was selling $3,000 vacuum cleaners, even though I had NO intention of buying one...Now, this guy could have been a psycho for all I knew, but I felt for him, and found it hard to say no...I guess I inherently trusted that he was alright.

We want people to like us and think well of us, and that's why it can be difficult to say no, so I would say to simply prepare yourself beforehand if you have to speak on the phone to a salesperson. I prefer no pressure, so online buying does well for me--although Michael is top-notch I've talked to him many times on the phone, for business and shootin' the breeze, MARKET HARMONY ROCKS!!!




ahem, cough, 5% off my next bullion purchase, cough, cough...