Goldline Reviews and Complaints

On this page we will give an overview of Goldline International reviews, scam complaints, BBB, trustlink.com and Business Consumer Alliance ratings.

Goldline International has been providing a variety of precious metals and services since 1960. Today Goldline offers gold, silver, platinum coins and bars, numismatics, collectible coins, rare currency as well as gold IRA products.

Goldline International Inc
1601 Cloverfield Blvd. 100 South Tower
Santa Monica, CA 90404

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Goldline Reviews and Ratings as of 09/19/2014

Better Business Bureau: The previous rating on the BBB website for Goldline was an A+. Unfortunately, as of today’s writing, BBB posts this message: BBB is currently updating its files on all businesses in the Greater Los Angeles area and pending that review, a BBB rating is unavailable.

Trustlink.com:2_5stars Goldline currently has a low 2 /5 star rating on theTrustlink website. This is based on 45 mostly negative reviews.

Business Consumer Alliance: Goldline has an F Rating on the BCA websitewith no reviews and 57 consumer complaints in the last three years. The bulk of complaints were for refunds and contract performance.

Legal Trouble: In 2010 Goldline was accused of fraudulent business practices in a civil lawsuit against the company and owner Bruce Sands filed by the Los Angeles County district attorney and the Santa Monica city attorney.

From Wikipedia: The State of California, in Feb. 2012 stipulated a judgement and injunction against Goldline International.  The company agreed to an injunction that forces it to change some of its sales practices and in particular allows a third-party to check that Goldline discloses all price markups to its telephone customers and adheres to the terms of the injunction.  Goldline also agreed to offer refunds totaling up to 4.5 million dollars to 43 former customers. As a part of the settlement all criminal charges associated with the investigations were dropped, and further civil action against Goldline was foregone.

Summary:

Goldline has over fifty years experience in the gold industry and state on their website that they committed to transparent, honest and responsible pricing with responsible corporate governance. From Goldline.com “We are committed to honest and transparent disclosures. Our Account Agreement and risk disclosure booklet, Coin Facts for Investors and Collectors to Consider, provide unparalleled information regarding our pricing, company policies and risks associated with acquiring precious metals. ”

Anyone contemplating doing business with  Goldline should keep the recent legal issues in mind. But it also appears that the firm has rededicated itself to transparency and disclosure of policies and practices.

James Rickards: $7000 Ounce Gold

James Rickards believes we are experiencing a world wide currency war and that gold will trade in the $3,000 and $10,000 range. Rickards, senior managing director of Tangent Capital Partners, sees an impending global monetary collapse as well, due to the fiscal policies of major governments….

The world already has entered a currency war that began in 2010 on the heels of the Federal Reserve’s massive easing program, he tells Wall Street Journal Digital Network. Since then, plenty of nations have joined in, including Brazil, Switzerland and Japan, says Rickards, author of “Currency Wars: The Making of the Next Global Crises.”

“All major central banks are easing,” he says. “Eventually so much money will be printed that this will lead to inflation. The endgame is collapse of the international monetary system — sometime sooner than later.”

In both the United States and Japan, the central banks are trying to “import inflation” to get their economies going, rather than trying to boost exports, through a weaker currency, Rickards says. “They’re scared to death of deflation. They’ve cut rates, and the last resort is to cheapen their currencies.”

The European Central Bank is actually doing the right thing, easing for liquidity reasons rather than to depress its currency, Rickards notes. The euro has risen to a 14-month high against the dollar as a result, and he thinks it can keep ascending.

His currency view makes Rickards a huge bull on gold. His long-term price estimate is $7,000 an ounce, more than four times the current price of $1,677. Gold could trade in a range between $3,000 and $10,000, Rickards says. “We’re not going to get there all at once.”

One major factor is that China is “in a scramble to acquire gold,” he explains. With about 1,000 to 3,000 tons, compared with 8,000 tons for the United States, China doesn’t have enough of the precious metal.

When the international monetary system collapses, major financial powers will convene to plan the aftermath, he says. When that happens, each nation must have enough gold relative to its gross domestic product.

Read more on Newsmax.com

Who Needs An IRA Rollover?

There are certain types of people that should very well implement a gold IRA rollover since they are working very hard at creating a high-quality retirement account so that they can have a nest egg for themselves in the future. If you feel you are one of these people, then I recommend you implement this immediately so that you can take advantage of the incredible market that is gold. And if you’re not certain, then read this article because you may fit into one of the categories that I mention today.

The first type of person who needs to rollover their IRA is anybody who is interested in creating a high-quality retirement account for themselves. When I mean high-quality, I mean a retirement account that not only has a lot of money in it, but it also has a plentiful supply of precious metals protecting you from all kinds of financial situations that might take place. You don’t want to have all of your money in the US dollar or any other currency for that matter. You need to have a plentiful supply of gold, silver and other precious metals because they are the items that contain true value in this world.

I also recommend anybody who is first starting their retirement account, but they don’t quite know what they are doing, do a IRA rollover into gold so that you can enter this market early on in your retirement savings. This will give you an advantage over anybody who doesn’t have any precious metals exposure, and you’re lucky that you’re just starting out and reading this type of information from the very beginning.

My final recommendation is anyone who is planning on improving their overall retirement picture. Maybe you have a small IRA account now, but there really isn’t much in it and you don’t contribute all that much. You need to change this and roll it over into a gold IRA as soon as you can.

These are the main types of people I believe should do a gold IRA rollover. If you fit into any of these categories, then think strongly about this topic and make your considerations as soon as possible.

When Do I Rollover My IRA?

There is a strong possibility that you really want to begin investing in gold, and you heard that the only way you can do it from a retirement standpoint is to get a gold IRA rollover in effect. Thankfully, whoever you talked to gave you the correct advice because this is exactly what you need to do in order to get physical gold as part of your investment portfolio for retirement.

So if you happen to be wondering when you need to initiate this rollover, then you need to think about your investment objectives and what you plan on trying to achieve with these gold purchases. If you’re looking for some long term investment, then I recommend you initiate a rollover right away.

There’s no point to waiting because the longer it takes for you to get involved in this market, less of an opportunity you’re going to have to accumulate value in the gold that you buy. But, there is a possibility that you are locked up in a retirement account that you have going with your current job.

You should ask your employers if you would be capable of taking your money out of their fund, and putting it in your own IRA account that they will also potentially contribute to. I know this might not be ideal, but it might be worth doing because it could end up giving you exactly what you’re looking for from your employers.

The last thing that you might want to consider would be to rollover your account when you know that you are going to immediately begin making gold purchases. There’s probably no point to doing a rollover if you do not plan on buying any gold for another year or more down the line.

But if you plan on buying gold today, then doing a rollover would definitely make the most sense.

These are the main times that I think would be perfect for a gold IRA rollover. If you agree with me, then you should definitely begin implementing your rollover as soon as it makes the most sense.

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bbb-rating

BBB: Rating of A+, 1 complaint with BBB in last 3 years |

0 negative in last 12 months

 TrustLink:  5 STAR Rating based on 539 Reviews here:

http://www.trustlink.org/Reviews/Regal-Assets-LLC-206068373

Gold 401k Rollover
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What Are The Benefits Of A Gold IRA Rollover?

If you are like a lot of people right now you have been seriously contemplating a gold IRA rollover. Buying gold and storing it in your retirement account, and being able to make large returns on your investment that are 100% tax-free, is definitely a very appealing combination to many people. That’s why I want to mention some of the benefits to you right now so that you get a good understanding of this topic in case you want to make this move yourself some day.

The first major benefit to rolling over your IRA into a gold buying account is the fact that this is the only way that you can actually buy and hold the physical commodity gold as part of your retirement fund. You are not allowed to do this in any other capacity, so if you ever wanted to buy physical gold as an investment in your future then you really have no choice but to implement this rollover when you are ready.

The next big benefit that you’ll definitely appreciate is something I already alluded to. You will not have to pay any taxes on the gains that you make on your gold investments, ever at any point in your life. Once the gold is in the retirement account, and you sell that gold to collect your profits, that money is tax-free and you’re never going to pay the IRS one penny of the earnings that you make on this investment. So if you like making tax-free money this is one of the best ways for you to do it.

The final benefit I’d like to bring to your attention about owning gold in your retirement fund is that it’s a great way to diversify your current portfolio and protect your downside from inflation. This is how all of the big investors do it, and especially now in this tough economy it’s a great time for you to protect the value of your money by buying gold as a supplement.

So these are the major benefits I wanted you to realize about a gold IRA rollover.

I think it’s an excellent move to make and it will certainly help solidify your overall retirement portfolio.