“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”

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