TV News LIES

Saturday, Apr 26th

Last update09:02:29 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...


George Santos sentenced to more than 7 years in prison

SantosFormer Rep. George Santos (R-N.Y.) was sentenced Friday to seven years and three months in prison,...

Senate rebukes Trump on Canada tariffs, with 4 Republicans joining Democrats

Senate rebukes Trump tariffFifty-one senators, including four Republicans, voted on Wednesday to end President Donald Trump's tariff on Canadian...

George Santos prosecutors seek seven-year prison term for campaign fraud

Santos Prosecutors are seeking more than seven years in prison for disgraced former congressman George Santos after...

House revolts over Republican bid to stop new parents from voting by proxy

Mike Johnson An attempt by Republican leaders to stop new parents from voting by proxy sparked a bipartisan...
 
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!