Who is Goldline International?
Goldline is a retail seller of gold and silver coins, and other precious metals for investors and collectors. Headquartered in Los Angeles, California.
Sales and Marketing
Goldline advertises through a variety of marketing channels including the Internet, radio, and television. Former Director of the United States Mint and Democratic Congressman Jay W. Johnson was Goldline’s television spokesperson from June 2009 until his death in October of that same year. John Mercanti, the retired 12th Chief Engraver of the U.S. Mint, was also a Goldline spokesperson.
Goldline’s television advertising includes Glenn, cable networks such as CNN, CNBC, Fox News, History International and Fox Business.
Goldline has also been the sponsor of the shows of a number of conservative radio and television hosts, including The American Advisor, and The Glenn Beck Program,
Glen Beck is prominently featured on the website of Goldline International, a dealer of “gold, silver, and platinum coins and bars as well as rare and collectible numismatic coins.
Goldline advertises on several television channels and also sponsors some conservative radio talk shows like Glen Beck
Goldline used endorsements from Glenn Beck and other conservative icons to sell hundreds of millions of dollars worth of gold to consumers,
Company Info & Website
1601 Cloverfield Blvd. 100 South Tower
Santa Monica, CA 90404
Phone: (800) 827-4653
Primary Contact: Lisa Weedman (Director of Client Relations)
Business Started: 1/1/1960
- Gold, Gold IRA Rollover, silver, platinum, and palladium coins, bars, and bullion (historic, exclusive, and IRA-eligible)
- Precious metals IRAs, 401K rollover to Gold
New York Representative Anthony Weiner accused Goldline of overcharging with average markups of 90% to 152%.
Dylan Ratigan, a television financial commentator, stated that he agreed that Goldline was involved in manipulating the public
Can you trust Goldline’s advice?
Consumers will have to do the necessary due diligence and determine for themselves whether or not to do business with this company.
The Pros and Cons
Pros: In 2012 Goldline agrees to refund up to $4.5 million to former customers.
In a settlement with the Santa Monica city attorney’s office, precious metals dealer Goldline International also agrees to an injunction that requires it to change its sales practices.
Cons: Goldline was charged with theft and fraud in a 19-count criminal complaint filed in 2011.
The company has been charged in the court filing with misdemeanors that include theft by false pretenses, false advertising, and conspiracy. The criminal complaint lays out a series of allegations that it contends add up to a conspiracy to trick customers into overpaying for an investment in gold.
You can Read News article about the company charged with misdemeanors in ABC News.
Other Reviews and Ratings:
Business Consumer Alliance
Before You Invest In Gold IRA, Ask The Following Questions:
Are There any Administration Fees?
Are There Storage Fees Charges?
Some companies do charge additional storage fees with other administrative fees and some don’t
What Type of Precious Metal?
You should look into the pros and cons of Gold Bullion vs. Gold Coins (rare/collectibles). We recommend Gold or Cryptocurrency, of course, Silver is a good investment too.
1-You should ask if the company has a buyback program
2-Will you get a fair value in return for your money if you decide to buyback? Make sure you are choosing the right company and right program.
It will cost you additional fees by Choosing the wrong company.
Most Precious Metals companies can take over 30 to 90 days in some cases.
Thinking of rolling over to a Gold IRA account? Don’t hesitate to consult a professional to help you with the rollover process and chose the best program for your specific needs.
Top Complaints We Found By Consumers About Gold Companies!
- Salespeople and tactics are too aggressive with clients.
- Most Precious Metals Representatives designing an investment portfolio for clients with precious metals that have a bigger profit margin for the company and not the clients.
- Don’t give a chance for clients to make a decision by pushing them to start the process of rolling over their retirement account!
Which Company Do We Recommend after reviewing many complaints by consumers?
We do recommend that you read all our study review of complaints by consumers about different companies and decide which one is best for you.
Make your own due diligence!