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Review 3/30/2011
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On 1/13/2009 I purchased 122 units of gold, (1 DUCAT AUSTRIA) from Lance Brown of Goldline for $19,908.56.
On 3/10/2010 I about more GOLD 20 FR SW PRE-33 from Justin Polk, another representative of Goldline, for $50,782.30. I was influenced by FOX News honesty and integrity so I trusted Goldline International completely. Recently, I have learned that 35% of the gold I purchased is being taken off the top of my purchase price as commission. Why was this information not given to me at the time of my first purchase?
In 2010 Shelly Schrader (of Goldline) called me requesting me to purchase additional Gold. I said I had to check with my financial adviser. When I did, he told me that I did not have enough cash to purchase the Gold. But Shelly already went ahead and put through the trade. I told Shelly what my adviser had and she said my reputation will not be as good when I sell back my gold to Goldline and that I would not get as good a price back from my purchases. I then called the complaint department and spoke to Travis Williams who told me that in my case, my reputation was fine.
Although the Goldline client agreement says they have a 35% spread, how come my coins have to go up 54% to break even. Why was that not mentioned in their client agreement? Their client agreement is misleading.
I have had breast cancer and then was a caretaker for my parents and grandmother. I am 63 years old and cannot go back to work. I want my money back with some compensation. I have worked for 30 years as an administrative assistant for a Pharmaceutical Co and worked long hours and have saved for my retirement.
Karolina Badalamenti
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