You know who loves gold? Glenn Beck does. You know who sells gold? Goldline does. From that connection was born a controversial but profitable partnership: Goldline advertised its gold-selling business on Glenn Beck's show, where Glenn Beck frequently discussed the importance of buying gold in anticipation of apocalyptic currency collapse. In December, Jon Stewart and others lambasted Beck for pushing gold through Goldline. Even Fox News chiefs were troubled by the Beck-Goldline axis.
Now Goldline could be in trouble with more than just liberal pundits. New York Congressman Anthony Weiner plans to target Goldline for, as Politico's Ben Smith puts it, "profiting -- with the help of conservative talkers -- off fees for buying and selling gold against public anxiety." It's not clear whether Weiner intends to hold congressional hearings, push for a formal investigation, or simply criticize the company. But what is clear is that Goldline, and maybe Weiner as well, want to make the company's conservative pundit backers part of the fight. Ben Smith has the dueling press releases:
A representative of the company circulated an email this afternoon:
Tomorrow May 18th Congressman Weiner (NY-D) will be either having a press conference or sending out a press release that will involve Goldline International and Glenn Beck. Congressman Weiner will also be going after other conservative supporters that endorse Goldline International. We are not sure what exactly Weiner will be saying but we do know that it will not be favorable to either Goldline or any of the conservative personalities that support Goldline.
Goldline wants to make sure that you are aware of this situation. Mark Albarian (President and CEO of Goldline) and Scott Carter (Executive Vice President of Goldline) are available at any time to address questions and concerns.
A Weiner aide forwards his advisory, headed, "'Goldline' Rips Off Consumers, Profits Off Public Fears, Likely Violates Federal Law.""The company has formed an unholy alliance with conservative pundits to drive a false narrative and play off public fears in order to sell its products," says the release.
This article is from the archive of our partner The Wire.
We want to hear what you think about this article. Submit a letter to the editor or write to email@example.com.