Posted on 05/22/2010 4:10:39 AM PDT by Michael van der Galien
I walk into Tiffany’s—flush with blogging income–and purchase their very reasonable 18k Gold Paloma’s Marrakesh Bangle (inspired by the intriguing patterns of Morocco) for $4,950. Later I discover to my horror that the melt value of the gold is significantly less than $4,950. Now that I think about it, there were no signs telling me this in the store, although the salesperson did prattle on quite a while about “craftsmanship.”
Do I have legal recourse?
If you answered “yes” to the question above please proceed straight to the Comments section, pausing only long enough to leave a snarky message (or, in Lib speak, “act normally”). I won’t keep you another second.
OK then, now that it’s just the grown-ups, you can stop all the eye rolling. I know the point is self-evident. The invested labor, aesthetic quality and artistry of said bangle adds value beyond that of the raw materials required to produce it. When combined with the relative supply of said bangle, factored against demand for the item, we arrive at a price. This is not the exclusive province of scheming gold-peddlers and their gullible clients. Any ten-year-old who collects baseball cards or has a stamp collection understands this with perfect clarity.
Unfortunately, Rep. Anthony Weiner doesn’t appear to have ever collected anything but government paychecks, and he’s either ignoring all the ten-year-olds he knows or investigating them.
Glenn Beck and Goldline too, as it happens.
Rep. Weiner has discovered (please sit down and loosen any restrictive clothing) that Goldline is engaged in charging more for collectible gold coins then they would be worth if you melted them down, or in the parlance of high-stakes gold grifters, a “Marrakesh Bangle” scam.
(Excerpt) Read more at newsrealblog.com ...
Value added. VA also makes the regime drool with money lust.
You can walk away from a wicked capitalist, but not a wicked governmentalist. You’re stuck with no alternative or competitor.
Which is the greater evil? A or B?
The US mint sells silver coins valued at $7 at a cost of more than $50. I wouldn’t buy them because they’re a complete and utter ripoff. Goldline sounds like a much better value.
I don’t intend to buy either but that’s the beauty of the free market.
A wise man, you are, sir.
It has nothing to do with protecting consumers and everything to do with harming Glenn Beck and his advertisers.
“You can walk away from a wicked capitalist, but not a wicked governmentalist.”
New Facebook status! With your permission?
Is there more going on here than the demoralization of Glenn Beck and Goldline?
Is is the demoralization of those who hold skills as craftsman and producers?
Is Weiner attempting to turn Goldline and Glenn Beck into Reardon Steele?
The value of which is only the sum of its raw components and not that of the producer’s skills or mind?
Great line.
It’s also a tactic on the path to demonization of gold in general and goldbugs too.
It would be worth more than that for the titanium alloys alone, but you’d have to clean Weiner’s smarm off first ~ before it was crushed ~ and that’s a very expensive process!
Someone should buy the Oscar meyer weinermobile and weiner costume and just follow Anthony weiner everywhere.
When I watch Beck, I’m less inclined to invest in gold than I am in carbon futures!
The author of the article states the obvious truth, however the jewelry store doesnt advertise their product as a profit making investment while the tv/radio hucksters do, so its apples and oranges. It is still a free market decision though.
While Weiner is a total POS, Goldline and Beck should be called out for advocating the purchasing of “collectible” or “numismatic” coins to protect wealth in a SHTF, or a hyperinflation scenario where these coins will undoubtedly only be worth their melt value.
The typical person (myself included) has no idea what they’re doing when it comes to collectibles. Dealing in these types of coins should be left to professionals and hobbyists.
Here’s a good link on why not to buy these types of coins-
http://the-moneychanger.com/numismatic_files/coin_con.phtml
Beck on BOR eating a weiner right there during the interview was hysterical.
Had the tube on “mute” while talking with a friend on the phone, only to look up and see that (Beck munching away on a wiener). I started cracking up and had to explain to my friend what was so danged funny.... :)
I could understand the concern of the Weiner if he was talking about left wing talk shows where the intellect level is just above that of a sponge. Most folks who listen to “right wing radio” can determine whether they are making a good investment and don’t need him to hold our hands. Move on, Anthony. It’s Prince Spaghetti Day.
Weiner is one of the reasons we can’t have nice things.
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