Buying gold from radio ads – looking at the web site of Glenn’s sponsor, they allow themselves up to 28 days to deliver your gold coins from the time they charge your credit card (or otherwise send good funds). This allows the firm to play this game – if the price of gold goes down, they have your money and buy the coins on the spot market, and keep the profit. If the price of gold goes up, they declare they were unable to ship the item and offer you a refund. Charging your credit card for items they don’t already have in stock is a *big* red flag.
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They also disclose that the bid/ask spread on most of their coins is 30-35%
A Homer Simpson-esque… “Wow”