“You immediately lost 64%”

Glenn Beck beckons your bacon.

The bottom line:

“A 2000 investigation in goldline by Congressman Anthony Weiner discovered that their average markup on numismatic coins was 90% above melt value and 47% higher than their competitors. According to the report, the 1/4 oz Proof Gold American Eagles have a melt value of $285. competirors sell them for $318 and Goldline sells them for $813. If you bought these as a hedge against inflation, you immediately lost 64%. The price of gold”

About the author

Harry is a ferociously good natured eccentric in Duluth Minnesota who detests traitors dressed up as Uncle Sam. You can find somewhat better edited writings of his at the Duluth Reader "contributors." page. The URL is:

https://duluthreader.com/contributors/h/84/284-harry-welty