Of course, it is not illegal to sell assets and stupidly marked up prices. Further, "investors" who are caught by this sham really are responsible for their own foolishness. Stupid is as stupid does.
Happy prospecting!
Infographic by The Big Picture
Wednesday, July 28, 2010
Glenn Beck: One Bad Investment
Click on this picture for a great graphic narrative of the Goldline investment scheme. Essentially, investors who are trying to hedge against inflation are "advised to" (read "coerced into") purchase incredibly marked up gold coins. In buying the coins Glenn reportedly buys, you have already lost 64% of your investment and gold will need to triple in value before you can break even. But this is supposed to be good for you as, according to Beck, the government will soon confiscate all your gold thanks to a 1933 executive order, EXCEPT antique coins.
Of course, it is not illegal to sell assets and stupidly marked up prices. Further, "investors" who are caught by this sham really are responsible for their own foolishness. Stupid is as stupid does.
Happy prospecting!
Of course, it is not illegal to sell assets and stupidly marked up prices. Further, "investors" who are caught by this sham really are responsible for their own foolishness. Stupid is as stupid does.
Happy prospecting!
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