Investor Kit

7/28/2019 Investor Kit

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Precious Metals & Rare Coins

For Investors and Collectors


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Goldline International, Inc. has helped investors diversifytheir portfolios with gold and silver for more than 50 years,

safely delivering billions of dollars worth of precious metals

directly to our clients.

Section I: The Allure Of Gold 1

Section II: Silver Shines As An Affordable Precious Metal 3

Section III: Our Selection Of Popular Coins 4

Section IV: Why Investors & Collectors Choose Goldline 6

Section V: The Goldline Difference 7

Section VI: Its Easy To Acquire Precious Metals & Collectible 8

Coins From Goldline

Contents:


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1

Gold Has Passed The Test Of Time

Nothing has captivatedcivilizations as much as theallure and beauty of gold.Gold represented wealthwhen Alexander the Greatconquered and united lands,when Christopher Columbus

explored the New World,and when our FoundingFathers forged the UnitedStates Constitution. As theGreek poet Pindar wrotemore than 2,000 years ago,Gold is the child of Zeus,neither moth nor rustdevoureth it.

Individuals have owned goldcoins for a wide variety of

reasons: as a storehouse ofwealth a proven methodof passing savings to the nextgeneration a shield againsttyranny and as a beautifulmemorial of past civilizationsand accomplishments. OurFounding Fathers understoodboth the inflationary anddeflationary dangers of papermoney and believed asolid financial footing to becrucial to the success of ouryoung nation. Among ournations greatest advocates for

a gold-backed currency wereAlexander Hamilton andThomas Jefferson.

Gold coins circulated aseveryday money in theUnited States until 1933.1

Today, after having long agoabandoned the gold standard,the effects of a devalueddollar are everywhere.

Twenty dollars in the 1920s either in the form of a $20gold coin or a $20 bill bought a fine mens suit.Since then, trillions of paperdollars have been printed bythe government and added to

our nations money supplyThat is why a $20 gold coinstill buys a fine-tailored menssuit, but a $20 bill will noteven pay for the alterations.

Specie [gold and silver coins]is the most perfect mediumbecause it will preserve its ownlevel; because, having intrinsicand universal value, it cannever die in our hands; andit is the surest resource ofreliance in time of war.2

- President Thomas Jefferson

Section I: The Allure Of Gold

Gold, the most excellent of natures products is begotten of the sun, inasmuch asit has more resemblance to it than anything else nor is any created thing moreenduring than this gold. - Leonardo da Vinci

1 Currently, there are no restrictions on gold ownership. The United States ability to recall gold is limited to times of war and requires Presidential action or an Act of

Congress. No one can say with certainty if or how the government might prohibit private ownership of gold in the future. No one can say with certainty if a particular

gold product would be exempt from any future prohibition.

2Thomas Jefferson to John Wayles Eppes, 1813. ME 13:430.


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2

Golds Historic Performance In The 20th Century & New Millennium

Why Prudent Investors Include Physical Gold In Their Portfolios

At the depth of the Great Depression, President Roosevelt choseto devalue the dollar by approximately 43% and raise the price ofgold by approximately 75%.

Gold owners profited more following the abandonment of the goldstandard in 1971 when the government ran the printing presses andinflated the nations money supply. The purchasing power of thedollar plummeted and the public turned to gold assets as a hedgeagainst rising inflation. Gold prices peaked in early 1980 with goldreaching $850 per ounce (or approximately $2,371.11 per ounce in2011 dollars). 3

The 1990s proved to be the decade of paper assets as stocks spiraledupward. Precious metals assets completed their bear market withgold reaching a low of $252 per ounce.

A new precious metals bull market began in 2001. In the first decade of the new millennium, gold prices increased everyyear. In 2011, gold prices once again reached a new record high. However, on an inflation-adjusted basis, gold still remainedbelow the record set in 1980.

A number of analysts believe that gold prices may reach new highs in the coming years. Among the factors which mayaffect gold prices are: inflation; currency devaluation; demand and supply; growing demand from emerging economies incountries such as China and India; industrial use of gold; and increased demand from central banks.

Time and again investors and collectors shift their attention to assets like gold when currencies and economies falter.Acquiring these metals at any level provides portfolio diversity with a tangible and recognized safe haven asset.

Gold often moves independently from stocks and bonds and many investment experts believe gold may improve a portfoliosoverall performance. Including gold in a diverse portfolio may also help reduce a portfolios volatility. This is because gold pricesare influenced by factors that generally differ from, and may actually counter, the drivers affecting the price of other assets.

According to the World Gold Council, portfolios containing gold are generally more robust and less volatile than thosethat do not. 4 Further, in contrast to some other financial assets, physical gold is not a counterpartys liability.

Individuals and institutions are often attracted to gold as a potential hedge against inflation or fluctuations in currencies. Astudy by Oxford Economics concluded gold performs relatively strongly in a high inflation scenario and also does comparativelywell in a deflation scenario This is because such a deflation scenario includes a sharp rise in financial stress. 5

With the uncertainties we face today, it is even more important to diversify your portfolio. Governments and their papercurrencies rise and fall, but gold always has intrinsic value.

3Wall Street Journal, April 25, 2011. 4 World Gold Council, Why Invest, March 2012. 5 Oxford Economics, The Impact of Inflation and Deflation on the Case for Gold, 2011.

GOLD PRICES PER OUNCE (2001-2011)*December 31st closing price, New York Spot Market

$1566

$1421

$1096

$881$833

$634$516

$437$415$347

$278

20112010200920082007200620052004200320022001

HISTORIC GROWTH

Gold prices have increased every year since 2001. While past

performance is not a guarantee of future results, as of this printing,

gold prices remain below their inflation-adjusted highs.


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3

Silver Has Been Part Of International Trade & Finance For Thousands Of Years

Silver was first mined more than 5,000 years ago and became an essential element in trading among early civilizations. By

700 B.C., the ancient Greeks began using silver as currency. The famed pieces of eight referred to the eight reale Spanishcoin which was an international currency during the 16th and 17th centuries. The United Kingdoms pound sterlingreceived its name from the fact that the currency was equal to one pound of sterling silver (92.5% of silver).

The United States embraced silver as part of its currency soon after its formation. In 1794, the first silver dollar was mintedThroughout the years, America minted and melted thousands of silver coins as it reacted to the supply and demand of thisprecious metal. The U.S. Mint continued to produce 90% silver coins for general circulation through 1964. Between 1965and 1968, the last circulating silver coins of 40% silver half-dollars were minted.

Silvers Strong Industrial Demand

And Limited SupplySilver has a number of properties which make it ideal for industrialapplications. These properties include its strength, malleability, electricaland thermal conductivity, natural anti-bacterial properties, and ability toendure extreme temperature ranges. These unique properties make silvergenerally irreplaceable with less expensive alternatives.

Nearly 75% of the worlds supply of silver is used to manufacture a rangeof products including chemical reagents, medical instruments, solar panelsand plasma televisions. Despite its critical role in technology and industrialproduction, global silver mining is limited. In contrast to other metals, it is

difficult for mining companies to increase their silver production becausetwo-thirds of silver produced by mines is as a byproduct of other metals.

Investor Demand

On a per ounce basis, silver is the most affordable precious metal. Investorsacquire silver for many of the reasons they acquire gold: as a store ofwealth, a potential hedge against inflation and to diversify their portfolioswith a tangible asset.

Silvers performance during the current bull market has been impressive.

Between 2001 and 2011, silver prices grew over 500%. However, on aninflation-adjusted basis, silver prices have yet to breach their all-time highset in 1980 of $50 (approximately $131.49 in 2011 dollars). 6

Todays silver prices are driven by a number of factors which may supportfuture record prices: strong industrial demand, increasing jewelry purchases,and growing investor demand set against a limited amount of annual production.

Section II: Silver Shines As An Affordable Precious Meta

6Wall Street Journal, April 25, 2011.


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4

Goldline offers a wide selection of precious metals products ranging from bullion

Fractional Bullion Gold Coins

Gold bullion coins may be acquired in a variety of sizes. Smaller gold

coins, known as fractional coins, offer a lower price point along with

greater flexibility when it comes to liquidating or distributing the

coins. These gold coins can be acquired in 1/10 ounce, 1/4 ounce

and 1/2 ounce sizes and include some of the most recognizable gold

coins in the world. For example, the American Eagle, one of the most

popular investment-grade gold coins in the world, can be acquired

in fractional sizes and is guaranteed by the U.S. Government for its

weight, content and purity.

European Gold Coins

In 1865, France, Belgium, Italy and Switzerland entered into the

Latin Monetary Union, which regulated the weight, fineness, shape

and exchange rate of gold and silver coins. The treaty also stated

that these identically minted gold and silver coins would circulate

freely within the monetary union.

Other countries such as the United Kingdom, Germany and Austria

also minted gold coins which circulated in everyday trade. Among

these coins was the British sovereign, which traces its history to KingHenry VII. In 1489, he commissioned a new money of gold. After

a 200 year absence, the gold sovereign was revived in the early 19th

century following the British Empires adoption of the gold standard.

The new gold sovereign featured St. George and the dragon in a

design noted for its classic beauty.

These 19th and 20th century coins are popular for their smaller size,

artistry and historic significance.

Section III: Our Selection Of Popular Coins

FRENCH 20 FRANC

NAPOLEON III

FRENCH 20 FRANC

ROOSTER

SWISS 20 FRANC

SMALLER GOLD COINS

Smaller gold coins are popular for their flexibility

and lower price point than one ounce coins.

(Coins on this page are shown actual size)

1 oz. size

1/10 oz. size

1/2 oz. size

1/4 oz. size

AMERICAN

GOLD EAGLE

AUSTRIAN

1000 SCHILLING

BRITISH

SOVEREIGN


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5

d coins to the rarest of coins. Here are examples of some of our more popular coins

Historic United States Gold Coins

The U.S. Government issued gold coins from 1795 through 1933,

ranging in denomination from the tiny $1 coin to the substantial

$20 double eagle. Minted for use as everyday currency, their

original mintages have been greatly reduced by official and private

sector melting.

The most popular historic U.S. gold coins include the $20 coins with

the Liberty Head and Saint-Gaudens designs. Minted from the 1840s

to the 1930s, these large, beautiful coins contain nearly one full ounce

of pure gold. In addition to their hefty gold content, limited mintages,

and historic significance, a number of these coins have been

independently graded and certified.

United States Silver Coins

Although the United States has a long history of silver coinage, two

silver coins stand out as the most popular among collectors and

investors: the Morgan and Peace series of silver dollars. These

coins are the largest and heaviest silver dollars minted for

domestic use since the Civil War with each coin containing 0.77344

ounces of pure silver.

The Morgan dollar is one of the most popular and collected

silver coins in our history, awash with Western lore and legend.

First struck in 1878, it was created to absorb the enormous

quantity of silver mined from the Comstock Lode. Production of

these silver dollars continued until 1904 and resumed in 1921,

the issues final year.

Peace dollars were minted to commemorate the signing of the

peace treaty between the United States and Germany at the end

of World War I. They were struck continuously from 1921 until

the Great Depression began in 1929. The U.S. Mint began producing

the Peace dollars again in 1934. However, coins dated 1935 wouldbe the last to see circulation, as America later became fully involved

in World War II.

A great many silver dollars were destroyed by government and

private melting. One Congressional act alone, the Pittman Act of

1918, resulted in the wholesale recall and melting of over 270 million

dollars into silver bullion. This destruction greatly reduced the

number of surviving silver dollars especially those in mint condition.

$20 SAINT-GAUDENS

MORGAN

SILVER DOLLAR

WALKING LIBERTY HALF-DOLLAR

(Coins on this page are shown actual size)

PEACE

SILVER DOLLAR


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Goldline is one of Americas largest companies providing physical precious metals to collectors and investors. Since 1960Goldline has provided personal service and a diverse inventory of precious metals products.

Goldlines website (www.goldline.com) provides a broad range of analytical information, market news coverage, detailed

coin fact sheets with photos, current spot metals prices, and charts along with our important risk disclosure informationand Account Agreement.

Our Account Executives are available to answer your questions and assist you in acquiring precious metals and collectiblecoins. They can also provide you with timely market updates and prices along with current information about the preciousmetals market.

Before your purchase is shipped, Goldline reviews your order at least twice to ensure accuracy. We promise, in writing,that if your order is damaged or lost during shipping, we will either replace your order or refund your purchase (please seeour Account Agreement for full details).

Many of our products are protected by a full seven-day money-back guarantee. 7 You can read more about our refund

policies in our Account Agreement.

You will appreciate Goldlines assistance when you wish to convert your precious metals into cash. We also stand behindeach coin we sell by offering to repurchase it from you at our then-current bid price. 8 Goldline efficiently handlestransactions of all sizes.

Section IV: Why Investors & Collectors Choose Goldline

7Some states may have different or additional refund provisions.

8The law prohibits us from guaranteeing to repurchase the coins we sell. Although we have historically made buy-sell markets in the precious metals and collectible

coins we offer, our buy-back policy is not a guarantee and is subject to change without notice.

Goldline Company History

1960 Nicholas Deak of Deak and Company forms Deak Investor Services, Inc. (DIS).

1987 DIS changes its name to Deak International Goldline Limited.

1988 Deak and Company sells Deak International Goldline (US) Ltd. to the Thomas Cook (travelers check) group.

1991 Thomas Cook sells Deak International Goldline (US) Ltd.

1992 Deak International Goldline (US) Ltd. changes its name to Goldline International, Inc. (Goldline).

1994 Goldline acquires the client-related assets of Gold & Silver Emporium.

1998 Goldline acquires Dreyfus Precious Metals, Inc., the precious metals brokerage and storage subsidiary of the Dreyfus Corporation

2001Goldline is chosen to be the distributor for both the Binion Collection of silver dollars and the Nevada Silver Collection ofWalking Liberty silver half-dollars.

2004 Goldline is chosen to distribute gold and silver coins from the SS Republic shipwreck.2005 Goldline is granted exclusivity to sell the first Binion Casino $10,000 notes independently graded by PMG and PCGS Currency.

2008 Goldline is featured on CNBC with a live interview on site at its Santa Monica headquarters.

2011Inc. Magazine recognizes Goldline as being among the top 15% of the fastest-growing private companies with over $500million in annual revenues.


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1. For more than fifty years, clients have chosen Goldline for their preciousmetals needs.

2. We are committed to transparent, honest and responsible pricingno gimmicks.

3. We are committed to responsible corporate governance. Our financialstatements are audited annually. We properly register and follow nationaland state telemarketing laws.

4. We are committed to honest and transparent disclosures. Our AccountAgreement and risk disclosure booklet, Coin Facts for Investors andCollectors to Consider, provide unparalleled information regardingour pricing, company policies and risks associated with acquiringprecious metals. These documents can be found in the attached pocketand online atwww.goldline.com. Additional copies are available bycalling

5. We confirm your trade during a taped confirmation to ensure you fully

understand your purchase. To ensure accuracy, your order is checked atleast twice before it is shipped to you.

6. We have a dedicated toll-free number to ensure prompt and easy accessto our Client Relations Team Members who, in addition to yourdedicated Account Executive, can assist you with a variety of issues.

7. We provide a written trade confirmation thatincludes specific information about your purchase.

Section V: The Goldline Difference

1-800-963-9798


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To get started today, follow these three steps:

Goldline knows how to make acquisitions easy for new precious metals investors and collectors. After all, we

have helped thousands diversify their portfolios with precious metals since 1960.

Executive. Ask any questions you may have and read Goldlines

risk disclosure information.

Select your first acquisitions and review and sign Goldlines

Account Agreement.

Confirm your selections and form of payment with a Goldline

Client Services Representative.

Section VI: Its Easy To Acquire Precious Metals &Collectible Coins From Goldline

Call Goldline at to speak with an Account

Get Started Today: call

1-800-963-9798

1-800-963-9798


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1601 Cloverfield Blvd., 100 South Tower

Santa Monica, California 90404

www.goldline.com1-800-963-9798


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A. Placing An Order 1

B. Deliveries 2

C. Refunds/Returns 2

D. Price Guarantee Program 3

E. Payments, Security Agreement

And Liquidations 5

F. Liquidations 6

G. Account Matters 6

H. Storage 8

I. Disclaimer Of Warranties 10

AC COUNT AGREEMENTC O N T E N T S


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A. Placing An Order1. Client may place an order with Goldline by

telephone or in person. Clients telephonic

order will be confirmed during a tape-recorded confirmation with a Client ServicesRepresentative to ensure the details of theorder are correct and will include the price,quantity, method of payment and othermaterial terms of the order (orders below

$1,000 will not be subject to tapedconfirmation).

A C C O U N T

A G R E E M E N T

This Agreement is entered into between Client(s)and Goldline International, Inc. (Goldline) for

the purchase, sale and storage of precious metals,independently graded coins, rare currency andother products which Goldline offers or may offerin the future. This Agreement applies to alltransactions between Goldline and Client enteredon or after April 15, 2012 and all products stored

through Goldline.


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B. Deliveries1. Goldline will deliver Clients order to

Clients shipping address within twenty-eight(28) calendar days (or such lesser period asrequired by Clients state of residence) ofreceipt of good funds. If Client requestsdelayed delivery, Goldline will deliverClients order to storage pending delivery to

Client. See Section H ("Storage"), below.

2. Goldline may charge a shipping andhandling fee, including a fee for shipments tothird party IRA custodians. Any such fee willbe disclosed at the time of the order.

3. All packages shipped to Client are insured(shipments may be self-insured by Goldline).If a shipment is lost or damaged duringtransit to Clients shipping address, atGoldlines option, Goldline will replace the

items or refund Clients purchase price.Goldline bears the risk of loss until theshipment is delivered to Clients shippingaddress subject to the following: (a) Anyvariance in Clients order, includingdiscrepancies or defects regarding the

products delivered, must be reported toGoldlines Client Relations Department


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Notice of cancellation may be provided byspeaking directly with an AccountExecutive; calling Client Relations at 800-280-5082; via U.S. Mail at 1601 CloverfieldBlvd., 100 South Tower, Santa Monica, CA90404; facsimile at 310-319-0265; or email [email protected]. All noticesof cancellation must be provided no laterthan the last day of the refund period. A fulllist of special state refund provisions is setforth at the end of this Agreement.Second and subsequent orders are final upontaped confirmation by a Goldline ClientServices Representative and are not subjectto cancellation unless Clients state ofresidence provides otherwise as set forth atthe end of this Agreement. Other disclosuresregarding special state refund provisions willbe provided as required by state law.

D. Price Guarantee Program1. Goldline offers price protection on certain

qualifying full-priced orders of coins and barswith Goldlines Price Guarantee Program(PGP). Goldlines PGP does not apply to

90% silver dimes and quarters, one-ounceand larger bullion bars and one ounce


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time, offer certain specials which extend thetime within which Client may contactGoldline to request that his or her order berepriced. That extended period will beidentified during the telephonic tapedconfirmation of the Clients order.

4. Client may not exercise his or her right toreprice until Goldline receives payment, asigned Account Agreement has beenreceived by Goldline and any required statesigned written Addendum to TradeConfirmation is received.

5. Client may only ask Goldline to reprice theorder once during this seven-day time period.It is Clients obligation to follow pricechanges for their orders; Goldline will notcontact Client about changes in prices.

6. To reprice an order, Client must take thefollowing steps: (1) Repricing requests mustbe made during Goldlines regular businesshours (excluding holidays); (2) Client mustcontact his or her Account Executive bytelephone to reprice the order. If theAccount Executive is not available, Clientshould ask for the Account Executives back-

A E i If h b k


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8. Upon repricing, Clients order is final unlessthe Clients state of residence provides aright to cancel.

9. Goldline reserves the right to modify ordiscontinue its PGP program at any time,including modifying the products availablefor the PGP program and/or the time duringwhich Client may reprice an order.

E. Payments, Security AgreementAnd Liquidations

1. Client agrees to pay for all precious metals,

coins, currency and other items ordered andall charges for orders, storage, delivery andother services. Client will also pay any taxes,assessments or other charges imposed by agovernment concerning Clients metals,coins, currency, or any sales, use or similar

tax associated with delivery, now or in thefuture.

2. If Goldline does not receive full payment ingood funds for precious metals, coins or othernumismatic/collectible items within five (5)

calendar days of Client placing the order,Goldline may, but is not required to, dispose


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FUTURE. Client agrees to execute suchadditional documents as may be necessary toperfect or evidence this security interest. IfClient does not pay such amounts when due,Goldline may, but is not required to, offsetthese amounts against Clients funds orproperty or may sell any or all such propertywithout notice as permitted by law in anypublic or private sale Goldline chooses. Ifthe proceeds of such sale and/or the amountsoffset are not sufficient to repay the amountClient owes, Client will be liable for anydeficiency.

F. Liquidations1. When Client sells precious metals, coins ornumismatic/collectible items originallyacquired from Goldline, Goldline willpurchase the items at its current buybackprice (the "bid" price). Items not stored

through Goldline must be shipped toGoldline at Clients expense and verified byGoldline as to quantity and condition priorto liquidation. Goldline will charge a 1%liquidation fee on the liquidation price. Theminimum liquidation fee is $25. Goldline

will deduct all amounts owed to Goldlinewith the balance paid by company check


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act on the owners behalf.

2. Client represents that all of Clientstransactions shall be for investment or othercommercial purposes and not for anypersonal, family, household or otherconsumer purposes.

3. If this Agreement is signed by or on behalf ofmore than one person (including an ownerby virtue of community property interest orother operation of law), Client authorizesGoldline to follow the instructions of anysigner without notice to or consent from theothers or any non-signer. If conflictinginstructions are received, Goldline willfollow the first. If one signer becomesdisabled or incompetent, this Agreementsurvives and Goldline may rely oninstructions of any other signer. Client willnotify Goldline promptly of the death of anysigner by providing a certified deathcertificate. Upon proof of death, Goldlinewill treat the account balance as belongingsolely to the estate or lawful heirs. In allcases, a decedents estate will remain fullyliable for all obligations incurred up to theday of death and the estate shall be liable forll bli i i d h f Cli


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recording of telephone conversations byClient or any third party. Client understandsthat not all telephone lines or calls arerecorded and Goldline does not guaranteethat any recordings of any particulartelephone calls will be retained or be capableof being retrieved.

H. Storage1. At Clients request, Goldline will store

Clients precious metals or coins withindependent depositories selected byGoldline. Storage is not available to Clientswho reside in certain states. Goldline maychange depositories without prior notice.

2. Goldline will deliver precious metals andcoins selected for storage within twenty-eight (28) calendar days of receivingpayment of good funds (unless state lawrequires a different delivery period). Goldline

may store Clients precious metals and/orcoins on a non-segregated, bulk basis. WhenClient chooses to store precious metalsand/or coins through Goldline, Clientunderstands that absent an express writtenagreement to the contrary, Client is not

entitled to receive from Goldline any specificitem of precious metals and/or a specific


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apply to such insurance proceeds. Goldlinesliability to Client for any physical loss,damage or disappearance of items held instorage shall be limited to availableinsurance proceeds and under nocircumstances shall exceed Goldlines bidprice for such items at the time of loss.

5. Storage fees are calculated by multiplying0.00375 by the ask price of Clientsholdings as of the date of the storagestatement (the buyback price for holdings isless than the ask price). Storage fees arecharged in advance of each six-monthstorage period and are payable upon receiptof the statement. The minimum storage feeis $15.00. Goldline may increase or decreasestorage fees upon thirty (30) calendar dayswritten notice to Client. Storage fees arenon-refundable.

6. At Client's written request, Goldline willship stored metals within seven (7) businessdays of Client's request for delivery andpayment of any shipping charges andapplicable conversion fees. Stored silver andgold bullion are subject to conversion fees to

convert the unallocated bullion intodeliverable bars rounds or coins (coin and


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I. Disclaimer Of Warranties1. Grades and descriptions of coins, precious

metals and currency are opinions, notstatements of fact or guaranties, and arebased on standards and interpretations thatcan and do change over time. Goldline usesits own good faith contemporary gradingstandards and interpretations to grade coins

or relies upon the opinions of gradingservices such as Professional Coin GradingService (PCGS) and NumismaticGuaranty Corporation (NGC). Goldlinedoes not guarantee that the coins it sells willachieve the same grades from Goldline,

PCGS, NGC or any other grading service inthe future. Goldline guarantees that theprecious metals and other items it sells aregenuine. GOLDLINE EXPRESSLYDISCLAIMS ANY OTHERWARRANTIES WITH RESPECT TO

PRECIOUS METALS, COINS,CURRENCY ANDNUMISMATIC/COLLECTIBLE ITEMS,EXPRESS OR IMPLIED, INCLUDINGTHE IMPLIED WARRANTIES OFMERCHANTABILITY AND FITNESS

FOR A PARTICULAR PURPOSE.


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INCONSISTENT WITH THE TERMSIN THIS AGREEMENT OR COIN

FACTS FOR INVESTORS ANDCOLLECTORS TO CONSIDER.CLIENT FURTHER ACKNOWLEDGESAND AGREES THAT CLIENT HASCONDUCTED AND WILL CONDUCTHIS OR HER OWN RESEARCH ANDANALYSIS REGARDING PRECIOUSMETALS, COINS, CURRENCY ANDOTHER NUMISMATIC/COLLECTIBLEITEMS THAT CLIENT MAYPURCHASE FROM GOLDLINE ANDWILL NOT RELY UPON OROTHERWISE CLAIM THAT ANYWARRANTIES, REPRESENTATIONSOR GUARANTIES HAVE BEEN MADEBY GOLDLINE CONCERNING THE

FUTURE VALUE OF THE PRECIOUSMETALS, COINS, CURRENCY OROTHER NUMISMATIC/COLLECTIBLEITEMS THAT CLIENT MAYPURCHASE FROM GOLDLINE.

J. IRAs1. Select bullion bars, bullion coins and proof

coins may be held in Individual RetirementAccounts (IRA). Client is aware that,


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responsible for determining the properpercentage of precious metals acquired in anIRA and will notify Goldline, in writing, ifhe or she intends to invest more than 20% ofhis or her retirement assets/portfolio prior tofinalizing any order.

4. Goldline may provide information aboutcompanies which provide trustee andcustodian services for IRAs as a convenienceto its Clients. Goldline is independent from,and not affiliated with, any of the companieswhich may provide those services. It isClients responsibility to independentlyselect the IRA service company suitable forClient. Goldline shall have no liability orresponsibility for any loss or damage resultingfrom his or her dealings with that IRAservice company.

5. Tax laws are complex and may change at anytime. Client agrees to consult with his or hertax advisor about any questions regardingadding precious metals to an IRA includingsuitability, amounts and tax-related issues.Goldline employees are not authorized toand may not provide tax advice.

K Spreads/Prices


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before breaking even (excluding liquidationfees and other costs). Prices may fluctuatethroughout the day depending on theproduct. Pricing is based on many factorsincluding Goldlines assessment of worldmarket conditions, overhead and otherconsiderations.

3. Goldlines current spread on 90% silverdimes and quarters, bullion bars of one ounceor larger, and one-ounce bullion coins is13%. The bid price of a coin or bar with a13% spread must increase approximately15% before breaking even (this amount doesnot include liquidation fees and other costs).All other bars and coins have a currentspread of 28%. The bid price of a coin or barwith a 28% spread must increaseapproximately 38.88% before breaking even(this amount does not include liquidationfees and other costs). If Goldlines spreads orthe percentage that a bid price must increasefor the coin or bar to break even differs fromthese stated amounts, Goldline shall disclosesuch differences at the time of order.

4. Coins generally have a premium above theirprecious metal value with bullion coins

ll h i h l i d


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the spread as set forth above and costs suchas liquidation fees. There may still be a lossdespite favorable price movement. Metals,coins and other numismatic/collectible itemsdo not provide interest or current income.

2. Goldline cannot guarantee the existence of aviable precious metals, coin market orcurrency market and is not obligated torepurchase any items it sells.

3. Goldline generally classifies coins as bullion,semi-numismatic and numismatic.Numismatics are coins whose value isprincipally based upon such factors ascondition, grade, scarcity and demand, ratherthan their precious metal content. Semi-numismatics are coins containing preciousmetals that generally move up and downwith the spot price of the precious metal, butalso contain additional value above theirprecious metal content. There is a premiumfor these coins based upon such factors assupply and demand. Bullion may come in baror coin form. Its value is principally basedupon its precious metal content plus the costof fabrication. The value of a bullion bar orcoin rises and falls with the spot price of the

i l S i f ll i hi


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5. Goldline employees may from time to timediscuss the general direction of variousfinancial markets. Neither Goldline nor itsrepresentatives can guarantee any marketmovement.

6. Goldline employees are not licensed asinvestment advisors and they are not makingany specific recommendations concerningstocks or any other form of investment.Goldline and its Account Executives are notagents for Client, have different financialinterests and incentives from Client and oweno fiduciary duty to Client. AccountExecutives are generally commissionedsalespeople whose commissions are greateston products with a 28% spread and lowest onall other products. They may receive cashand other undisclosed compensation fromGoldline when selling specific coin orcurrency products. Client will check with alicensed professional with expertise in aparticular market before making a decision tobuy or sell.

7. Client understands that Goldline believescoins and bullion are appropriate for 5% to20% of an investment portfolio although

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9. Goldline does not offer advice on the taxtreatment of purchasing, selling or borrowingprecious metals, rare coins and rare currency.Client must consult with his or her taxadvisor regarding such matters. Goldlinedoes not sell any precious metals ornumismatic product which is exempt fromapplicable taxes.

M. Other Terms And Conditions1. This Agreement is the entire agreement

between Goldline and Client. There are norepresentations, oral or written, other thanthose herein. This supersedes all prior

agreements concerning the same subjectmatter except for transactions entered intoprior to April 15, 2012, for which Clientsigned the Account and Storage Agreementversion 00608.

2. Goldline shall not be liable for any loss dueto circumstances beyond Goldlines directcontrol, or any delay or default in performingunder this Agreement if such delay or defaultis caused by conditions beyond its controlincluding, but not limited to, Acts of God,

government restrictions or seizure, change inmarket conditions wars insurrections and/or


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becomes inconsistent with applicable law,such provision shall be severed or modifiedin accordance with such law. All otherprovisions shall remain in effect.

6. THE FORMATION OF THISAGREEMENT CONSTITUTES THEMAKING OF THIS CONTRACTWITHIN LOS ANGELES COUNTY,CALIFORNIA, REGARDLESS OF THEMANNER, TIMING OR LOCATION OFDELIVERY OF RECEIPT OFACCEPTANCE OF THIS AGREEMENT.THIS AGREEMENT SHALL BEGOVERNED BY THE LAWS OF THESTATE OF CALIFORNIA EXCLUDINGCONFLICT OF LAW PRINCIPLES.SUBJECT TO THE ARBITRATIONAGREEMENT IN SECTION N, ANYLEGAL ACTION OR PROCEEDINGBETWEEN CLIENT AND GOLDLINE ORWITH RESPECT TO THIS AGREEMENTOR ANY TRANSACTION HEREUNDERSHALL BE BROUGHT EXCLUSIVELY INTHE COURTS OF THE STATE OFCALIFORNIA LOCATED IN THECOUNTY OF LOS ANGELES, OR OFTHE UNITED STATES OF AMERICAFOR THE CENTRAL DISTRICT OF


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N. Arbitration Agreement

1. THE PARTIES AGREE TOARBITRATE, IN A FINAL ANDBINDING MANNER, ALLCONTROVERSIES BETWEEN CLIENTAND GOLDLINE INCLUDING ANYOF GOLDLINES CURRENT OR

FORMER OFFICERS, DIRECTORS,EMPLOYEES, OR AGENTS ARISINGOUT OF OR RELATING IN ANY WAYTO ANY TRANSACTION WITHGOLDLINE, CLIENTS ACCOUNT,ANY ACCOUNT THAT CLIENT

CAUSES TO BE OPENED IN THEFUTURE, OR ANY SERVICEPROVIDED BY GOLDLINE,INCLUDING BUT NOT LIMITED TOTRANSACTIONS OF ANY KINDMADE ON CLIENTS BEHALF. THE

PARTIES AGREE THAT ALL CLAIMSSHALL BE BROUGHT IN THEPARTYS INDIVIDUAL CAPACITYAND NOT AS A CLASS MEMBER INANY PURPORTED CLASS ORREPRESENTATIVE PROCEEDING.

2. THE PARTIES AGREE THAT THE


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OTHERWISE PRESIDE OVER ANYFORM OF A REPRESENTATIVE ORCLASS PROCEEDING.

4. The parties agree that any arbitration will beadministered by JAMS under itsComprehensive Arbitration Rules andProcedures when the amount in controversyis greater than $250,000 and JAMSStreamlined Arbitration Rules when theamount in controversy is less than or equalto $250,000. The arbitration proceedingsshall be kept in strictest confidence. Theparties agree the exclusive venue forarbitration proceedings, including anyarbitration hearing, will be Santa Monica,California. The parties further agree to thepersonal jurisdiction of the courts of theState of California located in the County ofLos Angeles, or of the United States ofAmerica for the Central District ofCalifornia, to enforce these arbitrationprovisions described in this Agreement.Client makes this arbitration agreement onhis or her behalf and on behalf of Clientsheirs, administrators, executors, successorsand assigns and all persons claiming abeneficial interest in Clients account.


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OF SUCH DAMAGES.6. If any party unsuccessfully resists arbitration

under this Agreement or the confirmation orenforcement of an arbitration awardrendered under this Agreement, then allcosts, attorneys fees, and expenses incurredby the other party or parties in compellingarbitration or confirming or enforcing theaward shall be fully assessed against and paidby the other party resisting arbitration and/orconfirmation or enforcement of the award.

7. The parties agree that any claim, arbitration,lawsuit, legal action, dispute or proceeding ofany kind arising out of or relating to anytransaction between Client and Goldline isbarred unless commenced within one (1)year from the date of that transaction. Theparties acknowledge that, but for this waiver,he, she or it might have a longer time periodto initiate a claim under state or federal law.

8. BY SIGNING BELOW, CLIENTCONFIRMS THAT HE OR SHE HASREAD AND UNDERSTOOD THISSECTION REGARDINGARBITRATION AND VOLUNTARILYAGREES TO BINDINGARBITRATION IN DOING SO


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Special State Refund PoliciesNebraska, Maryland, Louisiana,

Kansas, ConnecticutGoldline provides all first-time customers theright to a refund for the return of undamagedand unused metal or coins, provided thatGoldline receives written notice of cancellationwithin seven (7) calendar days after the date

you receive the merchandise. Your receipt ofmetals or coins is deemed to occur at the earliestof: (a) the date that you receive actualpossession of the metals or coins; or (b) the datethat you receive written confirmation that themetals or coins have been deposited on your

behalf in an independent depository. Goldlineshall, upon written notice of cancellation andreceipt of the merchandise in the samecondition as delivered, issue a full refund withinthirty (30) calendar days from the date ofcancellation or, where merchandise has been

delivered, the returned merchandise is receivedby Goldline, whichever is later.

Hawaii, Mississippi, West Virginia, Arizona,

Colorado, Montana, Oklahoma, Utah, Texas

(credit card purchases only), Oregon, NevadaGoldline provides you the right to receive a full


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Indiana, Pennsylvania, Vermont,

Wyoming, South Dakota

Goldline provides you the right to receive a fullrefund for the return of undamaged and unusedmetals or coins, provided that Goldline receiveswritten notice of the return within ten (10)calendar days after the date that you receive themerchandise. Your receipt of metals or coins

is deemed to occur at the earliest of: (a) the datethat you receive actual possession of the metalsor coins; or (b) the date that you receive writtenconfirmation that the metals or coins have beendeposited on your behalf in an independentdepository. Goldline shall, upon written notice

of cancellation and receipt of the merchandisein the same condition as delivered, issue a fullrefund within thirty (30) calendar days from thedate of cancellation or, where merchandise hasbeen delivered, the returned merchandise isreceived by Goldline, whichever is later.

Michigan, Virginia, ArkansasGoldline provides all customers the right to afull refund provided that Goldline receiveswritten notice of cancellation (see noticeprovided with your trade confirmation) within

three (3) business days after the date that yousign the Addendum to this Trade Confirmation.


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merchandise. Your receipt of metals or coinsis deemed to occur at the earliest of: (a) the datethat you receive actual possession of the metalsor coins; or (b) the date that you receive writtenconfirmation that the metals or coins have beendeposited on your behalf in an independentdepository. Goldline shall, upon written noticeof cancellation and receipt of the merchandisein the same condition as delivered, issue a fullrefund within thirty (30) calendar days from thedate of cancellation or, where merchandise hasbeen delivered, the returned merchandise isreceived by Goldline, whichever is later.

Maine

Goldline provides all first-time customers theright to a refund, provided that Goldlinereceives written notice of cancellation withinten (10) calendar days from the date of yourpurchase. For second and subsequent purchases,you have the right to receive a full refund

provided that Goldline receives written noticeof the cancellation within three (3) businessdays after the date your trade confirmation ismailed or delivered, as above. Goldline shall,upon written notice of cancellation, issue a fullrefund within fifteen (15) calendar days from

the date you send us the notice of cancellation(notice of cancellation if given by mail is given


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date of cancellation or, where merchandise hasbeen delivered, the returned merchandise isreceived by Goldline, whichever is later.(Notice of cancellation, if given by mail, isgiven when it is deposited in a mailbox properlyaddressed and postage prepaid.)

Alaska

Goldline provides all customers the right toreceive a full refund for the return of undamagedand unused metals or coins, provided thecustomer gives Goldline timely notice of thereturn within seven (7) calendar days after thedate the customer receives the merchandise.

Timely notice is given if the return request ismade in person within the seven (7) days or ifthe return or request is mailed, properlyaddressed and postmarked, postage prepaid,within the seven (7) days. Receipt of metals orcoins is deemed to occur at the earliest of: (a)

the date the customer receives actual possessionof the metals or coins; or (b) the date thecustomer receives written confirmation that themetals or coins have been deposited on thecustomers behalf in an independent depository.Goldline shall, upon written notice of

cancellation and receipt of the merchandise inthe same condition as delivered, issue a full


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C O I N F A C T S

F O R I N V E S T O R S A N D C O L L E C T O R S

T O C O N S I D E R


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ABOUT GOLDLINE

Goldline International, Inc. assists investors and collectors with a fulrange of numismatic coins, rare currency and precious metals. We alsoprovide free information to help collectors and investors choose theiracquisitions. Our website contains helpful information such as preciousmetal spot prices, charts and coin information for our more popular precioumetals products.

Goldline traces its corporate history to 1960. We are proud to havecontinuously served collectors and investors for more than 50 years. Weconsider 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 partystorage facility (some restrictions may apply).

We are proud of our staff. They include numismatists, editorial and

pricing consultants, and public speakers discussing the benefits of owningnumismatic coins and precious metals.

With a strong financial footing, Goldline has prospered throughrecessions as well as booms. Goldlines financial statements are auditedannually by a recognized, independent and certified public accounting firm.

We are a recognized leader in the precious metals industry and prideourselves on excellent service and personalized attention to our clients.

We offer precious metals, numismatic coins and currency which arefully guaranteed for authenticity. Goldline provides a seven (7) calendar dayunconditional, money-back refund privilege on your firstorder of coins andcurrency purchased from our company, except for certain bullion bars, 90%silver coins and one-ounce bullion coins. Please see the section belowentitledRefund Policy, and our Account Agreement, for full details.

We are proud of our reputation in the coin community. We invite youto check our credentials and our reputation. Conduct your due diligencebefore you acquire numismatic coins, precious metals and rare currency


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from any firm. Please also review Goldlines Account Agreement which

provides additional important information. We are confident that Goldlinewill be your choice for numismatic coins, precious metals and rare currency

FACTS, RISKS AND POLICIES COLLECTORS AND INVESTORSSHOULD KNOW

DIVERSIFICATION: Numismatic coins and precious metals can be animportant part of a diversified investment portfolio. We believe thatnumismatic coins and precious metals are appropriate for 5% to 20% of aninvestment portfolio. (If you choose to invest more than this amount, youshould first consult your independent financial advisor before proceedingwith your acquisitions.) Certain individuals or organizations mayrecommend a different percentage.

HOLDING PERIOD: If you are purchasingnumismaticcoins, precious

metals or rare currency for investment purposes, they should be considered long-term investment. We believe that numismatic coins, precious metalsand currency should be held for at least3 to 5 years, preferably 5 to 10 yearto maximize your potential for gains. Any specific holding period may beaffected by current market conditions, which may require a longer or shorteholding period. Please see the section below entitledRisk for additionalinformation.

OUR PRICES: Our prices are set internally, based upon our analysis of avariety of factors, and are not necessarily tied to the prices quoted by anyother organization. Prices are subject to change based on market conditionsGoldline acts as a dealer and generally owns the coins and precious metals ibuys and sells.

To understand Goldlines pricing, here are definitions of some

commonly used terms:


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Ask: The ask price is the price at which Goldline sells coins and othe

precious metals to its clients. The ask price is also known as the selling priceBid: The bid price is the price that Goldline pays to purchase coinsand other precious metals from its clients and members of the general publicThe bid price is also known as the buyback price. Please see the sectionbelow entitledLiquidation/Buyback Policy for additional information onGoldline's bid prices.

Spread: The spread refers to the difference between a coin orprecious 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 thask price and dividing the difference by the ask price ((AskBid)/Ask).

To illustrate how the spread works, consider the following example: the spread for a coin is 28%, and Goldline's ask is $500 for the coin, thenGoldlines bid price is $360. In this example, a coins bid price would haveto appreciate $140 ($500-$360), or approximately 38.88%, before breakingeven (excluding other costs such as liquidation or delivery fees).

Goldlines current spread for 90% silver dimes and quarters, one-ounce bullion coins, and one-ounce and larger bullion bars is 13%. The bidprice of a coin or bar with a 13% spread must increase 15% before breakingeven (excluding other costs such as liquidation or delivery fees).

All other products currently have a spread of 28%. Examples of coinwith a 28% spread include: pre-1933 gold American coins, European goldcoins, proof coins, fractional gold bullion coins, and Morgan and Peace

silver dollars in all grades. The bid price of a coin or bar with a 28% spreadmust increase approximately 38.88% before breaking even (excluding othercosts such as liquidation or delivery fees).

If Goldlines spreads or the percentage that a bid price must increasefor a coin or bar to break even differs from these stated amounts, Goldlineshall disclose such differences at the time the order is confirmed.

If you choose to sell your coin or bar back to Goldline, you must alsopay a 1% liquidation fee on our bid price (the minimum liquidation fee is


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$25). Purchases in amounts less than $2,500 are subject to a small lot fee of

$25.

IRA ACCOUNTS: Goldline may refer clients to companies that providetrustee and custodian services for Individual Retirement Accounts (IRA).Goldline is independent from, and not affiliated with, any of these IRAcompanies. The client is responsible for independently selecting the IRAcompany suitable for the client. Goldline does not share or assumeresponsibility for any loss or damage resulting from theclients relationshipwith the IRA company.

Goldline does not recommend that clients invest more than 5% to20% of their retirement assets/portfolio (which may include a variety of assclasses including IRAs, 401(k)s, real estate, stocks, bonds and otherinvestments) in precious metals and numismatic coins, although otherorganizations and individuals may recommend different percentages. Youmust determine the proper percentage of precious metals and numismatic

coins to allocate in, and outside of, an IRA based upon your individualcircumstances.

Only certain bullion coins and bars and proof coins may be held in aprecious metals IRA. Many clients choose to purchase proof U.S. coins fortheir IRAs. The price of proof coins may be affected by factors other thanchanges in precious metals spot prices. Please see the section below entitledOur Prices for more details regarding the different spreads charged for proo

and bullion products.Tax laws are complex and may change at any time. Goldline does noprovide tax advice. You should consult with your tax advisor about whetherincluding precious metals in your IRA is right for you.

LIQUIDATION/BUYBACK POLICY: When you decide to sell yourcoins or currency, we appreciate the opportunity to purchase them at ourcurrent bid/buyback price. Although you are free to sell to other coin dealerwe believe it is likely that you will receive a higher net amount by selling to


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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 originalpurchase price, you may receive less than what you paid for the coins andcurrency.

The law prohibits us from guaranteeing to repurchase the coins wesell, although we have always made buy-sell markets in precious metals andnumismatic coins we offer. Therefore, our buyback policy is not a guaranteeand is subject to change without notice. It is our policy to offer to repurchascoins sold by us at our current bid/buyback price. A lower bid price isgenerally offered for products not originally sold by Goldline. While ourcompany is not obligated to do so, we continue to make a market for thecoins we sell, have historically done so, and intend to continue to do so in thfuture.

Liquidation requests may be made to your Account Executive or bycalling Client Relations at 800-280-5082. You may also contact Client

Relations via email at [email protected] metals/coins/currency should be sentU.S. Postal Service

(registered, insured and return receipt requested).Please contact ClientRelations or your Account Executive for Goldlines packaging and address

requirements prior to sending any precious metals, numismatic coins orcurrency to Goldline.

Please see the section below entitledLiquidity for more information

regarding the sale of precious metals, numismatic coins and rare currency.

DELIVERY: All packages shipped to our clients are insured (shipments ofless than $1,000 are self-insured by Goldline). Your acquisitions will bedelivered within twenty-eight (28) calendar days of receipt of good funds(unless your State requires a different delivery period). If a shipment is lostor damaged prior to delivery at your shipping address, Goldline will, atGoldline's option, either replace the items or refund your purchase price.Please inspect the shipment thoroughly upon receipt to ensure you have


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received your order, and that the items track the description on your delivery

invoice. Any variance from your order must be reported within five (5)calendardays of receipt of your shipment, and you must have all originalpacking materials intact. Any claim beyond this time period may be denied.Goldline may charge a shipping and handling fee for shipments, includingshipments to independent IRA custodians. The amount of this fee, if any,will be identified at the time your order is confirmed.

STORAGE: Goldline stores client holdings in a depository of its choice anmay change depositories without prior notice. Goldline may co-mingle yourholdings with those of other clients and acknowledges that you own aspecific, but undivided interest in such holdings to the extent of the quantityand type you have purchased. A fee is charged for storage. Details andlimitations can be found in Goldlines Account Agreement.

CREDIT CARD PURCHASES: Goldline accepts payment by credit card

as a convenience to its clients. However, we believe that you should not gointo credit card debt to make a purchase with Goldline.

RISK: All investments involve risk and coins, currency and bullion are noexception. The precious metals, numismatic coin and rare currency marketsare speculative, unregulated and volatile, and prices for these items may riseor fall over time.

Goldline generally classifies coins as bullion, semi-numismatic andnumismatic. Some coins may fall within more than one category, dependingon their specific grade or condition. Other dealers and organizations maydefine these terms or classify these coins differently.

The price of a bullion coin (e.g., Canadian Maple Leaf or SouthAfrican Krugerrand gold coins) is largely determined by the current spot ormarket price of bullion. This price fluctuates throughout the trading day.

The price of a semi-numismatic coin (e.g., Swiss 20 Franc, FrenchRooster and British Sovereign) is based upon the precious metal content,


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along with a premium based upon different factors such as supply and

demand. The price fluctuates throughout the trading day principally due tochanges in the spot or market price of the precious metal.The price of a numismatic coin is determined by multiple factors

which can and do fluctuate independently from bullion prices. These factorinclude: the perceived scarcity of the coin, its quality, current demand,market sentiment and economic factors.

Coins generally have a premium above their precious metal value,with bullion coins usually having the lowest premium, and other coinshaving higher premiums. Premiums may increase or decrease based uponcurrent market conditions such as supply and demand. Changes in premiummay affect a coins pricing beyond changes in spot prices.

Precious metals, numismatic coins and rare currency can go down aswell as up in value. These items may not be suitable for everyone. Goldlinedoes not determine the suitability of any specific person to purchase precioumetals, numismatic coins or rare currency. You should consult with your

independent financial advisor regarding whether such an investment is rightfor you. You should not acquire any products from Goldline if you are notcompetent or qualified to make your own financial decisions. You shouldobtain a thorough understanding of the coin and bullion products before youacquire these products as a collector or investor.

The investment value of precious metals and numismatic coinsdepends in large part on the price you pay. If you are acquiring any of

Goldlines products as an investment, you should evaluate its current markevalue, potential for appreciation and liquidity, and consult independentsources regarding these factors. Goldline does not guarantee that any clientwill be able to sell precious metals or numismatic coins at the originalpurchase price or a higher price in the future.

Since numismatic coins, precious metals and rare currency candecline in value, you should have adequate cash reserves and disposableincome before considering acquiring coins, currency or precious metals.


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We believe you should not acquire precious metals with funds

generated through early withdrawal from accounts or securities which mayresult in substantial penalties or fees. You should consult with yourindependent financial advisor before disposing of any security, annuity,Certificate of Deposit or other investment to acquire numismatic coins,currency or precious metals.

Goldline is not responsible for any changes in tax laws or otherstatutes which may affect any profit or salability of your coins or currency.

EXCHANGE TRANSACTIONS: Goldline does not recommendexchanging precious metals or numismatic coins (trading one coin orcurrency for another) unless you fully understand the costs involved in thebuy and the sell transactions. Among other things, you should consider thespread for each item involved in any exchange transaction (since you mustovercome both spreads before you make a profit), and any potential taxconsequences of the exchange. We believe no one can tell with certainty tha

one product is going to outperform another. You should independentlydecide whether this type of transaction is appropriate for you.

REFUND POLICY: For your protection and convenience, Goldline providClients with the right to a refund on their first order of coins andcurrency without any reason whatsoever(this refund policy does not applyto orders for 90% silver dimes or quarters, one ounce or larger bullion

bars and one ounce bullion coins).To receive a refund, the client mustnotify Goldline of his or her cancellation of their first transaction within sev(7) calendar days from the date of order. By way of example, if a clients firorder is placed on May 1, the client may cancel the order up to and includinMay 8. Notices of cancellation may be provided by speaking directly with aAccount Executive; calling Client Relations at 800-280-5082; via U.S. Mai1601 Cloverfield Blvd., 100 South Tower, Santa Monica, CA 90404;facsimile at 310-319-0265; or email at [email protected]. Allnotices of cancellation must be provided no later than the last day of the


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refund period. All other transactions are final upon taped confirmation by a

Goldline representative and are not subject to cancellation. (Your state mahave additional refund and cancellation rules which supersede Goldlinerefund policy above. Please consult Goldlines Account Agreement as was the terms and conditions set forth on the back of your tradeconfirmation for specific 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 andapply the proceeds to your unpaid order in accordance with Goldlines

Account Agreement. In addition, Goldline may not repurchase your coins ocurrency.

CONCIERGE: Goldlines Client Relations team members are your personconcierge and are available to answer any questions or concerns you mayhave. In addition to speaking with your Account Executive, you may alsocontact Client Relations regarding refunds, liquidations, concerns or

complaints. You can reach a Client Relations team member at 800-280-508or via email at [email protected].

ACCOUNT EXECUTIVES:The Account Executives at Goldline aregenerally commissioned salespersons. Their commissions are usuallygreatest 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, undisclosedcompensation for selling specific coin or currency products (including butnot limited to contests, cooperative advertising, and trading profits in coinsthat they may own and/or sell). Goldlines employees are not licensed asinvestment advisors and, accordingly, do not make anyrecommendations regarding client investments. The only productswhich Goldline employees are authorized to sell are the productsspecifically sold by Goldline. Check with a licensed professional withexpertise in a particular market before making a decision to buy or sell any


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security, bond, annuity or financial instrument. Further, Account Executive

are not tax advisors and may not provide any advice regarding taxability, taxrates or related issues for any product Goldline sells. You should consultwith your tax advisor regarding any questions about the tax implications ofbuying or selling bullion, numismatic coins or rare currency.

LIQUIDITY: Of the products that we buy and sell, bullion and bullion coingenerally are more liquid than semi-numismatic coins; and semi-numismaticoins are more liquid than numismatic coins. Goldline may not provide a bior buyback price on certain collectible coins. Sometimes, because of itsmarket influence, when Goldline reduces or stops selling certain coins, theirprice may drop.

GRADING AND WARRANTIES: Our company uses the numerical MintState (MS) grading system, which rates uncirculated rare currency anduncirculated coins from MS-60 to MS-70. Typically, the higher the grade,

the more a coin or currency is worth. The grade assigned to a coin reflects itstrike, luster, marks, scratches, and overall eye appeal. Grading is asubjective art and subject to the opinion of the person grading the coin orcurrency. Thus, grading can and does vary from numismatic coin firm tonumismatic coin firm, from grading service to grading service, and fromexpert to expert. A difference of one grade (e.g., MS64 to MS65) can resultin a significant change in the valuation of a numismatic coin or currency.

Grading standards may continue to change, becoming more or less stringentGrades and descriptions of numismatic coins and currency are opinions, notstatements of fact or guarantees, and are based on standards andinterpretations that can and do change over time.

When you acquire a coin or currency from Goldline that isindependently graded by a third party grading service such as ProfessionalCoin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC)Goldline relies entirely on the expertise/determination of the grading serviceIn addition, we rely upon definitions provided by these independent grading


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services, including definitions of such terms as PCGS First Strike which

refers to coins packaged and delivered by the U.S. Mint in the thirty (30)-daperiod following the initial sales date of a new product. We do not re-gradeor independently evaluate the products grade in its sealed holder, although

from time to time Goldline does remove products from their sealed holderand re-submits them to the grading services. Goldline reserves the right todeliver independently graded coins that have been graded by an independengrading service of Goldlines choice such as PCGS or NGC. Goldline

guarantees that the numismatic coins and precious metals it sells are genuinGoldline expressly disclaims any other warranties with respect to coins orprecious metals, express or implied, including the implied warranties ofmerchantability and fitness for a particular purpose. See our AccountAgreement for a full disclaimer of warranties.

GROWTH PROJ ECTIONS: Goldline may inform clients about forecastsmade by third parties regarding the future prices of precious metals or

numismatics sold by Goldline. In noting these forecasts, Goldline willnormally consider the following factors:

Past performance: While past performance may be a useful guide, cannot guarantee future results. We frequently infer that if numismatcoins or precious metals made gains under certain economic conditions the past, they have the potential to appreciate when similar conditionexist in the future.

Economic forecasts: It is impossible to predict future price trends economic conditions. However, we believe trends may be a useful guidin evaluating the future potential for numismatic coins and precioumetals.

Supply and demand: We believe that fundamental market forces wgenerally prevail.

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


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projection, but we strive to provide you with analysis that we believe is wel

reasoned.You should also know that different market factors may influence theprice of a specific coin or currency. For example, the price of a numismaticcoin may be affected by such factors as grade, scarcity and demand in themarketplace, while the price of a bullion coin is closely tied to the spotmarket for that coin. Past performance and growth projections for a specificcoin or type of coin (or currency) may not apply to other types of coins thatGoldline may offer.

ACCOUNT AGREEMENT:Goldlines Account Agreement sets forth theterms and conditions of your transactions with Goldline. Please review thisagreement carefully before you sign and return it to Goldline. For yourconvenience, you may review the Account Agreement online atwww.goldline.com.

FOR YOUR PROTECTION: Telephone calls may be monitored and/orrecorded in an effort to assure quality control and policy compliance.

Your privacy is important to us. If at any time you no longer wish tobe contacted by a Goldline representative, please call or write to us and askto be placed on our Do Not Call list.

If at any time you receive information that is inconsistent or contraryto the information contained in this booklet or Goldlines Account

Agreement, you should immediately contact Goldlines Client RelationsDepartment at 800-280-5082. Please do not proceed with any transactionuntil your questions or concerns have been fully answered.

Please make all payments payable to Goldline International, Inc.Please do not send cash. Your payment options are as follows: bank wire,cashiers check, personal check and credit card. Please do not send moneyorders or travelers checks.

Please promptly notify us in writing if you change your address, andinclude a signature guarantee or notarized letter, along with a copy of your


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driver's 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), pleasecontact your Account Executive or Goldline's Client Relations Department a800-280-5082.

This risk/disclosure booklet is updated periodically. It is theresponsibility of the client to keep up-to-date by either requesting a copy, orby checking our website at www.goldline.com.

SUMMARY: We strongly recommend that you acquire a soundunderstanding of precious metals, coins and their marketsbeforeyou makeyour first purchase. Be prepared to invest some time and effort intounderstanding the market and the grading of your coins or currency. Do notcommit more than 5% to 20% of your investment funds to numismatic coinor precious metals. Manage your future with a diversified portfolio thatmeets your objectives for safety, liquidity, and growth. Be prepared to hold

your coin, bullion and currency investments for a minimum of 3 to 5 years,recognizing that all markets have their ups and downs. Perform your duediligence and let reason and common sense be your guide.

2005-2012 Goldline International, Inc. All Rights Reserved


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Precious Metals Self-Directed

Precious Metals in Your IRA

For several years only gold and silver U.S.American Eagle coins were allowed as IRAinvestments. Since 1998, the new platinum U.S.American Eagle coin has also been allowed, as wellas gold, silver, platinum and palladium bullion

which meet certain standards.

GoldStar rust Company is a leading custodian orprecious metals sel-directed IRAs in the UnitedStates. Our experience and expertise in this areamake it easy or you to work with us to open your

precious metals IRA.

Tere are three simple steps:

1. Establish the account

2. Fund the account with regularcontributions, transfers or rollovers

3. Give GoldStar investment instructions

You choose your own precious metals dealer,negotiate the price and leave the rest to GoldStar.Your metal will be stored at an internationallyrecognized precious metals depository. GoldStar

will provide you with a semi-annual accountstatement, showing all activity in your account andthe air market value o your investments.

When it is time to take distributions rom yourIRA, you may choose to convert your preciousmetals investments to cash through your dealer ortake a distribution o the actual coins or bullion.Tis exibility means you can wait or optimummarket conditions beore you sell.

metals IRA process.A. It takes approximately 30 days to complete the precious

Q. How long will it take to complete the process?

ranser or Rollover and the Investment Direction Form.A. Te orms needed to open an IRA are generally the Simplifer,

Q. What forms do I need to get started?

metals at any time with the proper forms.A. You can purchase, liquidate or take possession of precious

Q. Can I take possession o my precious metals afer investing?

least $1,000.directed IRA is $5,000 and subsequent purchases must be atA. Te minimum investment to open a precious metals self-

Q. What is the minimum amount I can invest?

investment and tax recommendations and advice.IRA. Contact your dealer, tax professional or legal advisor forA. Contact GoldStar for information and assistance with your

self-directed IRAs?Q. Where do I get more information about precious metals

treasury securities, annuities and other investments.GoldStar IRA may contain precious metals, stocks, bonds,A. Absolutely not! In addition to precious metals, your

Q. Am I limited to only precious metals in my GoldStar IRA?

of maintaining your account.investment actions, separate fees are necessary to cover the costsmetals. Since GoldStar receives no commission from any of youraddition, a bank probably will not allow you to invest in preciousA. A bank has its fee built into the interest rate it pays you. In

metals self-directed IRA at GoldStar Trust Company?Q. My bank IRA is free. Why is there a fee for my precious

usually makes even a non-deductible contribution a smart move.and tax deferred in a raditional IRA. Tis tax-favored treatmentA . Non-deductible contributions grow tax free in a Roth IRA

Q . Why should I make a contribution if it is not tax deductible?

case of transfers and rollovers.A. No. All contributions must be made in cash, except in the

precious metals self-directed IRA? . Can I contribute bullion or coins I already own into a

Questions and Answers


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What is a Self-Directed IRA?

A Sel-Directed IRA is exactly like any other IRA, withone major dierence. You get to choose where yourIRA unds will be invested, rather than just accepting

whatever the IRA trustee or custodian oers. Tis givesyou greater exibility, because you can choose unds,

government obligations and other investments.

raditional or Roth IRA?

Anyone who has earned income can contribute toa raditional IRA each year. Depending on yourincome, marital status and participation in employer

plans, your contribution to a raditional IRA may bedeductible. Also depending on income, you may beable to make only a partial contribution to a Roth IRA.Contributions to a Roth IRA are never deductible, butqualied distributions rom the account are completelytax ree. Your tax advisor can help you determine which

type o IRA is most appropriate or you.

IRA ransfers and Rollovers

Money in an existing IRA can be moved to a GoldStarprecious metals sel-directed IRA by transer or rollover.

A transer does not require IRS reporting and there areno restrictions on how oen you can transer unds. Yousimply open an IRA at GoldStar and authorize the transer.GoldStar will contact the previous institution and take careo getting the unds moved. Special rules apply i you havereached age 70 and you should check with the previoustrustee or custodian to see i there will be ees or penalties.

IRA rollovers require reporting to the IRS and there aretime limits and other restrictions. You should always seekcompetent tax advice beore taking a distribution or arollover.

Te tax laws regarding IRAs are complex and cannot becovered ully in this brochure. Tis is especially true orrollovers rom other retirement plans. Beore making anydecsions you should seek competent advice rom yourattorney, CPA or investment advisor.

GoldStar is not afliated with any precious metals dealer,does not oer investments or investment advice andreceives no compensation rom investments made or

your account. Te representative or the dealer who isassisting you may be able to answer some o your questions.However, such representatives do not represent GoldStar,and you should always contact us directly with questionsabout your account with us. You may call us or moreinormation or or an application.

or for immediate assistance call

Date of Birth

Daytime Phone

State Zip

City

Address

Name

Santa Monica, CA 90404

100 South Tower

1601 Cloverfield Blvd.

If you prefer, you may fax this form to: (310) 319.0265

1-800-963-9798

1-800-963-9798


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1-800-963-9798

1-800-963-9798

1-800-963-9798


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European Gold Coins

Lower price points: Smaller coins oer a lower individual price point thanone ounce coins;

Flexibility: Smaller gold coins provide greater exibility when you are

ready to sell or distribute your gold;

Historic appeal: Many popular European gold coins have mintage dates

rom the late 19th and early 20th centuries;

Added benefts: European gold coins qualiy or Goldlines Price

Guarantee Program and seven day unconditional reund privilege on yourfrst purchase. Ask your Account Executive or ull details and limitations.

Gold oers the opportunity to diversiy your portolio with a sae haven asset that may help reduce the overavolatility o your investments.

European gold coins such as the popular Swiss and French 20 Francs oer attractive eatures:

Now is the perect time to learn more about European gold coins available rom Goldline, a precious metalsleader that has been serving clients or over 50 years.

Please review Goldlines Account Agreement along with our risk disclosure booklet, Coin Facts for Investors and Collectors to

Coins have been enlarged to show their beauty. Copyright 2012 Goldline International, Inc.

(Revised 04/09/

To learn more call

www.goldline.com1601 CLOVERFIELD BOULEVARD, 100 SOUTH TOWER, SANTA MONICA, CALIFORNIA 90404

Consider prior to your purchase. You can request additional copies by calling or review them online at www.goldline.com.

1-800-963-9798

1-800-963-9798

1-800-963-9798


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Proof Gold American Eagles

Diversify Your IRA With Gold

Proof Gold American Eagles are specially mintedversions of one of the official United States Mint

bullion coins. Only a limited number of proof coins are

struck each year and certain years have been known to

sell out soon after being issued. Proof coins are struckmultiple times with specially polished dies to produce a

beautiful mirror-like finish which is notably differentfrom the bullion version of this coin. Each proof Gold

Eagle contains 22 karat solid gold (91.67% pure). Proof

Gold Eagles are minted in each of the bullion sizes (1-oz., 1/2-oz., 1/4-oz., and 1/10-oz.) and are available in

single coins and the popular 2 and 4-piece sets.

Individual Retirement Accounts

Proof Gold Eagles are among the only numismatic coins

currently allowed by the U.S. government for both

Traditional and Roth Individual Retirement Accounts

(IRA). These official U.S. gold coins can be added toyour retirement savings by opening a new IRA account

or transferring funds through an IRA rollover. Adding

physical gold to your retirement plan offers potential

protection against inflation and market instability.

American Eagle gold coins have their weight and gold

content guaranteed by the U.S. government. Only asmall percentage of these coins are minted as

proof coins, adding valueto their intrinsic

appeal. Because of

their collectible

significance, proof coins

carry a numismaticpremium over their

metal content or

bullion value.

To order your Proof Gold American Eagle

Tax laws are complex and may change at any time. You should consult with your tax advisor about whether including precious metals in your IRA is right or you.Please review Goldlines Account Agreement along with our risk disclosure booklet, Coin Facts for Investors and Collectors to Consider , prior to your

Coins have been enlarged to show their beauty. Copyright 2012 Goldline International, Inc.(Revised 04/09/

call


purchase. You can request additional copies by calling or review them online at www.goldline.com.

1-800-963-9798

1-800-963-9798

1-800-963-9798


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Proof Silver American Eagles

Diversify Your IRA With Silver

Proof Silver American Eagles are specially mintedversions of one of the official United States Mint bullion

coins. Only a limited number of Proof coins are struck

each year and certain years have been known to sell outsoon after being issued. Proof coins are struck multiple

times with specially polished dies to produce a beautiful

mirror-like finish which is noticeably different from the

bullion version of this coin. Each Proof Silver Eaglecontains one full ounce of 99.9% pure silver and comes

in its individual satin-lined display box with a Certificate

of Authenticity from the U.S. Mint.

Individual Retirement Accounts

Proof Silver Eagles are among the few numismatic coins

currently allowed by the U.S. government for both

Traditional and Roth Individual Retirement Accounts

(IRA). These official U.S. silver coins can be added to

your retirement savings by opening a new IRA accountor transferring funds through an IRA rollover. Adding

physical silver to your retirement account offers potential

protection against inflation and market instability.

Only a small percentage of Proof Silver American Eagles

are minted as proof coins, adding value to their intrinsic

appeal. Because of their collectible significance, proofcoins carry a numismatic premium over their metal

content or bullion value. American Eagle silver coins

have their weight and silver content guaranteed bythe U.S. government.

Proof Silver AmericanEagle with box andCertificate ofAuthenticity.

To order your Proof Silver American Eagles

Tax laws are complex and may change at any time. You should consult with your tax advisor about whether including precious metals in your IRA is right for you.

Please review Goldlines Account Agreement along with our risk disclosure booklet,Coin Facts for Investors and Collectors to Consider, prior to your

Coins shown are not to actual size Copyright 2012 Goldline International, Inc.

(Revised 04/09/20

call


purchase. You can request additional copies by calling or review them online at www.goldline.com.

1-800-963-9798

1-800-963-9798

1-800-963-9798


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The Morgan Silver Dollar is one of Americas most

popular silver coins. Investors and collectors acquire thiscoin both for its intrinsic and collectible value.

Named after its designer, George T. Morgan, the

Morgan silver dollar is a coin steeped in American

history. Originally minted with silver mined from the

fabled Comstock Lode, Morgan silver dollars wereminted between 1878 to 1904 (with one final mintage

in 1921). Each coin contains .77344 of an ounce ofpure silver and is 1.5 inches in diameter.

The obverse of the Morgan Silver Dollar features the bust

of Lady Liberty encircled by the date of issue, thirteen

stars, and the words, 'E ' PLURIBUS ' UNUM'. Thismotto, which translates to Out of many, one, was

first selected for official use in 1776.

The reverse features an American eagle, its wings spread,perched upon a branch and arrows. The eagle is partially

surrounded by a wreath. Above its head sits the motto 'In

God we trust'. Around the rim are the words 'UNITED

STATES OF AMERICA' separated by a star on eitherside from 'ONE DOLLAR'.

Goldline, an industry leader in the rar e coin and

precious metals market, offers Morgan silver dollars in a

variety of grades and conditions ranging from circulatedMorgans originally used by Americans as common

currency to rare, museum quality coins all shippeddirectly to you.

Morgan Silver Dollars

An American Favorite

To order your Morgan silver dollars

These are examples ofUncirculated MorganSilver Dollars gradedand certified by the twolargest coin gradingservices, ProfessionalCoin Grading Serviceand NumismaticGuaranty Corporation.

Please review Goldlines Account Agreement along with our risk disclosure booklet,Coin Facts for Investors and Collectors to Consider,

Coins shown are not to actual size Copyright 2012 Goldline International, Inc.

(Revised 04/09/20

call


prior to your purchase. You can request additional copies by calling or review them online at www.goldline.com.

1-800-963-9798

1-800-963-9798

1-800-963-9798


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Currently, there are no restrictions on gold ownership. The United States ability to recall gold is limited to times of war and requires Presidentialaction or an Act of Congress. No one can say with certainty if or how the government might prohibit private ownership of gold in the future. No onecan say with certainty if a particular gold produc

Investor Kit

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