Forward-thinking silverdependent manufacturers are moving with deliberate speed to secure direct access
to mine production so the expected squeeze does not suddenly leave them high and dry. One silver minting insider told us that At the first whiff of shortages, industrial giants worldwide, who have billions of dollars invested in infrastructure, will lock up the future supplies they need at any cost. It could eventually be difficult to get the metal at any price, which is why we have already started locking up all the silver in the ground we need to serve our rapidly growing pool of bullion investors.
Silver Price Suppression Schemes Will Eventually Unravel
Silver prices have so far been contained below their 1980 highs due largely to central bank and government dishoarding over several decades combined with financial shenanigans. Bigname financial institutions in fact, some of the biggest names of all have, Forward-thinking silverdependent manufacturers are moving with deliberate speed to secure direct access
to mine production so the expected squeeze does not suddenly leave them high and dry. One silver minting insider told us that At the first whiff of shortages, industrial giants worldwide, who have billions of dollars invested in infrastructure, will lock up the future supplies they need at any cost. It could eventually be difficult to get the metal at any price, which is why we have already started locking up all the silver in the ground we need to serve our rapidly growing pool of bullion investors.
Silver Price Suppression Schemes Will Eventually Unravel
Silver prices have so far been contained below their 1980 highs due largely to central bank and government dishoarding over several decades combined with financial shenanigans. Bigname financial institutions in fact, some of the biggest names of all have, Forward-thinking silverdependent manufacturers are moving with deliberate speed to secure direct access
to mine production so the expected squeeze does not suddenly leave them high and dry. One silver minting insider told us that At the first whiff of shortages, industrial giants worldwide, who have billions of dollars invested in infrastructure, will lock up the future supplies they need at any cost. It could eventually be difficult to get the metal at any price, which is why we have already started locking up all the silver in the ground we need to serve our rapidly growing pool of bullion investors.
Silver Price Suppression Schemes Will Eventually Unravel
Silver prices have so far been contained below their 1980 highs due largely to central bank and government dishoarding over several decades combined with financial shenanigans. Bigname financial institutions in fact, some of the biggest names of all have,
2. None of the coins
in this brochure are
actual size
TABLE OF CONTENTS
ABOUT GOLDLINE.......................................................1
FACTS, RISKS AND POLICIES COLLECTORS
AND INVESTORS SHOULD KNOW...........................2
...............................................................2
Holding Period..............................................................2
Our Prices......................................................................2
IRA Accounts.................................................................3
Liquidation/Buyback Policy.........................................4
Delivery..........................................................................4
Storage...........................................................................5
Credit Card Purchases ..................................................5
Risk................................................................................5
Exchange Transactions ................................................6
Refund Policy ................................................................6
Concierge ......................................................................6
Account Executives.......................................................6
Liquidity ........................................................................ 7
Grading and Warranties .............................................. 7
Growth Projections .......................................................8
Account Agreement.......................................................8
For Your Protection ......................................................8
Monitoring/Recording of Calls....................................9
Summary .......................................................................9
Ver. 20150701
3. ABOUT GOLDLINE
Goldline, LLC assists investors and collectors with a full range
of numismatic coins, rare currency and precious metals. We also
provide free information to help collectors and investors choose
their acquisitions. Our website contains helpful information such as
precious metal spot prices, charts and coin information for our more
popular precious metals products.
Goldline traces its corporate history to 1960. We are proud to have
continuously served collectors and investors for more than 50 years.
We consider ourselves market makers, offering to buy and sell a
wide variety of precious metals and numismatic coins on a daily basis.
When acquiring products from Goldline, clients have the option of
either taking prompt delivery, or storing their acquisitions with a
third-party storage facility (some restrictions may apply).
We are proud of our staff, which includes our Client Concierge and
of precious metals and to provide superior customer service.
industry and pride ourselves on excellent service and personalized
attention to our clients.
We offer precious metals, numismatic coins and currency which
are fully guaranteed for authenticity. Goldline provides a seven (7)
calendar day, unconditional, money-back refund privilege on your
Please see the section below entitled Refund Policy, and our
Account Agreement, for full details.
We are proud of our reputation in the coin community. We invite
you to check our credentials and our reputation. Conduct your due
diligence before you acquire numismatic coins, precious metals and
rare currency from any rm lease also re ie oldline s ccount
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1Ver. 20150701
4. FACTS, RISKS AND POLICIES
COLLECTORS AND INVESTORS
SHOULD KNOW
DIVERSIFICATION
Numismatic coins and precious metals
investment portfolio. We believe that
numismatic coins and precious metals are
appropriate for 5% to 20% of an investment
portfolio (if you choose to invest more
proceeding with your acquisitions). Certain
individuals or organizations may recommend
a different percentage.
HOLDING PERIOD
If you are purchasing numismatic coins or
precious metals for investment purposes,
they should be considered a long-term
investment. We believe that numismatic
coins and precious metals should be held for
at least 3 to 5 years, preferably 5 to 10 years,
to maximize your potential for gains. Any
current market conditions which may require
a longer or shorter holding period. Please
see the section below entitled Risk for
additional information.
OUR PRICES
Our prices are set internally based upon
our analysis of a variety of factors and are
not necessarily tied to the prices quoted by
any other organization. Prices are subject to
change based on market conditions.
Goldline acts as a dealer and generally
owns the precious metals it buys and sells.
To understand Goldlines pricing, here are
Ask: The ask price is the price at which
Goldline sells coins and other precious
metals to its clients. The ask price is also
known as the selling price.
Bid: The bid price is the price that Goldline
pays to purchase coins and other precious
metals from its clients and members of the
general public. The bid price is also known
as the buyback price. Please see the section
below entitled Liquidation/Buyback
Policy for additional information on
Goldlines bid prices.
Spread: The spread refers to the difference
between a coin or precious metals ask price
(i.e., the selling price) and its bid price (i.e.,
the buyback price). The spread is calculated
by subtracting the bid price from the ask
price and dividing the difference by the ask
price ((Ask Bid)/Ask).
To illustrate how a spread works, consider
selling price is $500 for the coin, and
Goldlines bid/buyback price for the coin is
$435, the spread for the coin is 13% (($500-
$435)/$500 = 13%). The bid price would
have to appreciate $65 ($500-$435), or
Ver. 201507012
5. approximately 14.94%, before breaking even
(excluding liquidation fees and other costs).
To further illustrate how a spread works,
ask/selling price is $500 for the coin, and
Goldlines bid/buyback price for the coin is
$360, the spread for the coin is 28% (($500-
$360)/$500 = 28%). The bid price would
have to appreciate $140 ($500-$360), or
approximately 38.88%, before breaking even
(excluding liquidation fees and other costs).
Goldlines current spread on one-ounce or
larger bullion bars, one-ounce bullion coins,
one-ounce, two-piece set and four-piece set
American Eagle Proof coins, U.S. gold coins
minted prior to 1933 and 90% silver dimes
and quarters is 13%. The bid price of a coin
or bar with a 13% spread must increase
approximately 14.94% before breaking even
(this amount does not include liquidation
fees and other costs).
Goldlines current spread on coins or bars
which are smaller than one-ounce is 28%. The
bid price of a coin or bar with a 28% spread
must increase approximately 38.88% before
breaking even (this amount does not include
liquidation fees and other costs).
If Goldlines spreads or the percentage that
a bid price must increase for a coin or bar to
break even differs from these stated amounts,
Goldline shall disclose such differences at the
If you choose to sell your coin or bar back
to Goldline, you must also pay a 1%
liquidation fee on our bid price (the
minimum liquidation fee is $25). Purchases
in amounts less than $2,500 are subject
to an administrative fee of $25.
IRA ACCOUNTS
Goldline may refer clients to companies
that provide trustee and custodian services
for Individual Retirement Accounts (IRA).
Goldline is independent from, and not
The client is responsible for independently
selecting the IRA company suitable for the
client. Goldline does not share or assume
responsibility for any loss or damage
resulting from the clients relationship with
the IRA company.
Goldline does not believe clients should
invest more than 5% to 20% of their
retirement assets/portfolio (which may
include a variety of asset classes including
IRAs, 401(k)s, real estate, stocks, bonds
and other investments) in precious
metals and numismatic coins, although
other organizations and individuals may
recommend different percentages. You must
determine the proper percentage of precious
metals and numismatic coins to allocate
in and outside of an IRA based upon your
individual circumstances.
Only certain bullion coins and bars and proof
coins may be held in a precious metals IRA.
Please see the section entitled Our Prices for
more details regarding the different spreads
charged for proof and bullion products.
Tax laws are complex and may change at any
time. Goldline does not provide tax advice.
Ver. 20150701 3
6. You should consult with your tax advisor about
whether including precious metals in your IRA
is right for you.
LIQUIDATION/BUYBACK POLICY
When you decide to sell your precious
metals, we appreciate the opportunity to
purchase them at our current bid/buyback
price. Although you are free to sell to other
dealers, we believe it is likely that you will
receive a higher net amount by selling to
us. We are familiar with the quality and
marketability of the items we sell and do not
charge any additional fees or commissions
other than the 1% liquidation fee. Depending
upon market conditions and your original
purchase price, you may receive less than
what you paid for the coins and currency.
The law prohibits us from guaranteeing
to repurchase the precious metals we
sell, although we have always made buy-
sell markets in precious metals we offer.
Therefore, our buyback policy is not a
guarantee and is subject to change without
notice. It is our policy to offer to repurchase
precious metals sold by us at our current bid/
buyback price. A lower bid price is generally
offered for products not originally sold by
Goldline. While our company is not obligated
to do so, we continue to make a market for
the precious metals we sell, have historically
done so, and intend to continue to do so in
the future.
Liquidation requests may be made to your
Account Executive or by calling Client
Relations at 800-280-5082. You may
also contact Client Relations via email at
clientconcierge@goldline.com.
All precious metals should be sent by U.S.
Postal Service (registered, insured and return
receipt requested).
lease contact Client elations or your
ccount ecuti e for oldline s pac aging
and address requirements prior to sending
any precious metals, numismatic coins
or currency to oldline
Please see the section below entitled
Liquidity for more information regarding
the sale of precious metals and numismatic
coins.
DELIVERY
All packages shipped to our clients are
insured (shipments of less than $1,000 are
self-insured by Goldline). Your acquisitions
will be delivered within twenty-eight (28)
calendar days of receipt of good funds
(unless your State requires a different
delivery period).
If a shipment is lost or damaged prior to
delivery at your shipping address, Goldline
will, at Goldlines option, either replace the
items or refund your purchase price. Please
inspect the shipment thoroughly upon receipt
to ensure you have received your order, and
that the items track the description on your
delivery invoice. Any variance from your
calendar days of receipt of your shipment,
and you must have all original packing
materials intact. Any claim beyond this time
period may be denied. Goldline may charge
a shipping and handling fee for shipments,
including shipments to independent IRA
custodians. The amount of this fee, if any,
Ver. 201507014
7. STORAGE
Goldline stores client holdings in a
depository of its choice and may change
depositories without prior notice. Goldline
may co-mingle your holdings with those of
other clients and acknowledges that you own
holdings to the extent of the quantity and
type you have purchased. A fee is charged
for storage. Details and limitations can be
found in Goldlines Account Agreement.
CREDIT CARD PURCHASES
Goldline accepts payment by credit cards
as a convenience to its clients. However, we
believe that you should not go into credit
card debt to make a purchase with Goldline.
RISK
All investments involve risk and precious
metals are no exception. The precious metals
market is speculative, unregulated and
volatile, and prices for these items may rise
or fall over time.
semi-numismatic and numismatic. Some
coins may fall within more than one
or condition. Other dealers and organizations
differently.
Precious metals generally have a premium
above their melt value. Premiums may
increase or decrease based upon current
market conditions such as supply and
demand. Changes in premiums may affect
a precious metals pricing beyond changes
in spot prices.
Precious metals can go down as well as up
in value. These items may not be suitable for
everyone. Goldline does not determine the
precious metals. You should consult with
whether such an investment is right for you.
You should not acquire any products from
should obtain a thorough understanding
of the precious metals products before you
acquire these products as a collector or
investor.
The investment value of precious metals
depends in large part on the price you
pay. If you are acquiring any of Goldlines
products as an investment, you should
evaluate its current market value, potential
for appreciation and liquidity, and consult
independent sources regarding these factors.
Goldline does not guarantee that any client
will be able to sell precious metals at the
original purchase price or a higher price
in the future. Since precious metals can
decline in value, you should have adequate
cash reserves and disposable income before
considering acquiring precious metals.
We believe you should not acquire precious
metals with funds generated through early
withdrawal from accounts or securities which
may result in substantial penalties or fees.
You should consult with your independent
other investment to acquire precious metals.
Goldline is not responsible for any changes
in tax laws or other statutes which may
currency.
.
Ver. 20150701 5
8. EXCHANGE TRANSACTIONS
Goldline does not recommend exchanging
precious metals or numismatic coins (trading
one product for another) unless you fully
understand the costs involved in the buy and
the sell transactions. Among other things,
you should consider the spread for each item
involved in any exchange transaction (since
you must overcome both spreads before
consequences of the exchange. We believe no
one can tell with certainty that one product
is going to outperform another. You should
independently decide whether this type of
transaction is appropriate for you.
REFUND POLICY
For your protection and convenience,
Goldline provides clients with the right to a
reason whatsoever. To receive a refund,
the client must notify Goldline of his or her
seven (7) calendar days from the date of
order is placed on May 1, the client may
cancel the order up to and including May
8. Notices of cancellation may be provided
by speaking directly with an Account
Executive; calling Client Relations at 800-
280-5082; via U.S. Mail at 11835 W. Olympic
Blvd Suite 500 Los Angeles, CA 90064 (or
other address that Goldline may specify
in writing); facsimile at 310-260-0388; or
email at clientconcierge@goldline.com. All
notices of cancellation must be provided no
later than the last day of the refund period.
and are not subject to cancellation. (Your
state may have additional refund and
cancellation rules which supersede
Goldlines refund policy above. Please
consult Goldlines Account Agreement
as well as the terms and conditions
set forth on the back of your trade
con rmation for speci c rules which
may apply to your purchase.)
If you do not pay for your order and do not
have a right to cancel, Goldline may, at its
option, liquidate a portion of your stored
holdings and apply the proceeds to your
unpaid order in accordance with Goldlines
Account Agreement. In addition, Goldline
may not repurchase your coins or currency.
CONCIERGE
Goldlines Client Relations team members
are your personal concierge and are available
to answer any questions or concerns you
may have. In addition to speaking with
your Account Executive, you may also
contact Client Relations regarding refunds,
liquidations, concerns or complaints.
You can reach a Client Relations team
member at 800-280-5082 or via email at
clientconcierge@goldline.com.
ACCOUNT EXECUTIVES
The Account Executives at Goldline are
generally commissioned salespersons. Their
commissions are usually greatest on products
with a 28% spread and lowest on products
with a 13% spread. Their work experience,
knowledge, background and training vary
widely. They and/or Goldline may receive,
from time to time, undisclosed compensation
but not limited to contests, cooperative
they may own and/or sell). Goldlines
Ver. 201507016
9. employees are not licensed as
investment advisors and, accordingly,
do not make any recommendations
regarding client investments. The only
products which Goldline employees
are authorized to sell are the products
speci cally sold by Goldline. Check with
a licensed professional with expertise in a
particular market before making a decision
to buy or sell any security, bond, annuity
Executives are not tax advisors and may
not provide any advice regarding taxability,
tax rates or related issues for any product
Goldline sells. You should consult with your
tax advisor regarding any questions about the
tax implications of buying or selling bullion,
numismatic coins or rare currency.
LIQUIDITY
Of the products that we buy and sell, bullion
and bullion coins generally are more liquid
than semi-numismatic coins, and semi-
numismatic coins are more liquid than
numismatic coins. Goldline may not provide
a bid or buyback price on certain numismatic
coins. Sometimes, because of its market
selling certain coins, their price may drop.
GRADING AND WARRANTIES
Our company uses the numerical Mint
State (MS) grading system, which rates
uncirculated coins from MS-60 to MS-70.
Typically, the higher the grade, the more a
coin is worth. The grade assigned to a coin
overall eye appeal. Grading is a subjective
art and subject to the opinion of the person
grading the coin or currency. Thus, grading
can and does vary from numismatic coin
service to grading service, and from expert to
expert. A difference of one grade (e.g., MS64
in the valuation of a numismatic coin or
currency. Grading standards may continue
to change, becoming more or less stringent.
Grades and descriptions of numismatic coins
and currency are opinions, not statements of
fact or guarantees, and are based on standards
and interpretations that can and do change
over time.
When you acquire a coin or currency from
Goldline that is independently graded
by a third-party grading service such as
Professional Coin Grading Service (PCGS) or
Numismatic Guaranty Corporation (NGC),
Goldline relies entirely on the expertise/
determination of the grading service. In
by these independent grading services,
First Strike速
which refers to coins packaged
and delivered by the U.S. Mint in the thirty
(30)-day period following the initial sales
Ver. 20150701 7
10. date of a new product. We do not re-grade or
independently evaluate the products grade
in its sealed holder, although from time to
time Goldline does remove products from
their sealed holder and re-submit them to
the grading services. Goldline reserves the
right to deliver independently graded coins
that have been graded by an independent
grading service of Goldlines choice such
as PCGS or NGC. Goldline guarantees that
the numismatic coins and precious metals
it sells are genuine. oldline e pressly
disclaims any ot er arranties it respect
to coins or precious metals, e press or
implied, including t e implied arranties of
merc antability and tness for a particular
purpose See our Account Agreement for a
full disclaimer of warranties.
GROWTH PROJECTIONS
Goldline may inform clients about forecasts
made by third parties regarding the future
prices of precious metals. There is no
assurance that any growth projection will be
achieved and it is also possible for prices to
decline. We do not guarantee any forecast or
projection, but we strive to provide you with
analysis that we believe is well-reasoned.
You should also know that different market
precious metal. For example, the price of a
numismatic coin may be affected by such
factors as grade, scarcity and demand in the
marketplace, while the price of a bullion coin
is closely tied to the spot market for that coin.
Past performance and growth projections for
metal may not apply to other types of
precious metals that Goldline may offer.
ACCOUNT AGREEMENT
Goldlines Account Agreement sets forth the
terms and conditions of your transactions
with Goldline. Please review this agreement
carefully before you sign and return it to
Goldline. For your convenience, you may
review the Account Agreement online at
www.goldline.com.
FOR YOUR PROTECTION
Your privacy is important to us. If at any
time you no longer wish to be contacted
by a Goldline representative, please call
or write to us and ask to be placed on our
Do Not Call list.
If at any time you receive information
that is inconsistent or contrary to the
information contained in this booklet or
Goldlines Account Agreement, you should
immediately contact Goldlines Client
Relations Department at 800-280-5082.
Please do not proceed with any transaction
until your questions or concerns have been
fully answered.
Please make all payments payable to
Goldline, LLC. Please do not send cash. Your
cashiers check, personal check and credit
card. Please do not send money orders or
travelers checks.
Ver. 201507018
11. Please promptly notify us in writing if you
change your address, and include a signature
guarantee or notarized letter, along with a
copy of your drivers license or utility bill. Be
sure to include your account number and to
sign all correspondence.
For account title changes (e.g., trust or
business account), please contact your
Account Executive or Goldlines Client
Relations Department at 800-280-5082.
This risk/disclosure booklet is updated
periodically. It is the responsibility of the
client to keep up-to-date by either requesting
a copy, or by checking our website at
www.goldline.com.
MONITORING/RECORDING OF CALLS
Telephone calls may be monitored and/
or recorded in an effort to assure quality
control and policy compliance. Thus, when
speaking with a Goldline representative, you
understand and agree that every telephone
conversation between you and Goldline
whether you place a call to Goldline or
a Goldline representative calls you is
subject to monitoring and/or recording.
You agree and consent to have your calls
with any Goldline representative monitored
and/or recorded without further notice
or the requirement of additional consent
or agreement from you. You consent to
monitoring and/or recording of your
telephone conversations with any Goldline
representative by appropriate Goldline
personnel and authorized outside third-party
monitors. You acknowledge that you do not
have a reasonable expectation of privacy
during any of your telephone conversations
with any Goldline representative. You further
understand and agree, with respect to the
potential monitoring and/or recording of all
of your telephone calls, that you expressly
waive the right to assert at any time that any
conversation between you and any Goldline
private. Unless otherwise agreed by Goldline
in writing, Goldline does not consent to the
recording of telephone conversations by
you or any third party. You understand that
not all telephone lines or calls are recorded
and Goldline does not guarantee that any
recordings of any particular telephone
calls will be retained or
be capable of being
retrieved.
SUMMARY
We strongly recommend that you acquire a sound understanding of precious metals
effort into understanding the market. Do not commit more than 5% to 20% of your
that meets your objectives for safety, liquidity and growth. Be prepared to hold your
precious metals for a minimum of 3 to 5 years, recognizing that all markets have their
ups and downs. Perform your due diligence and let reason and common sense be your
guide..
ned or
ng
ed or
g
Ver. 20150701 9
12. 息 2015 Goldline, LLC All Rights Reserved
Ver. 20150701
11835 W. Olympic Blvd
Suite 500
Los Angeles, CA 90064
800-827-4653
www.goldline.com