As gold tops $1,300 an ounce, lawmakers in Washington are aiming to ensure that consumers don't get trounced by bad gold deals.
A House bill would arm consumers with more information about gold trading. Gold dealers' sales representatives would have to disclose to consumers the purchase price, melt value and the resale value of the coin or bullion they are buying.
At House subcommittee hearings Thursday on the advertising tactics of gold dealers, regulators discussed investigating some companies for using aggressive sales tactics to sell overpriced gold coins.