Many people are grateful to hear that the unscrupulous Larry Bates and his FAMC precious-metals venture are being stopped by the American courts. Bates has accumulated a flock of angry victims and invited the justice of The Lord.
But the angst that we feel for the many people who lost big chunks of their investment nest eggs, or worse, to Bates' deceitful practices also prompts us to remind our clients and everyone else: You need to be very discerning about where you invest money in gold and silver, and who helps you make those investments.
The meteoric rise of Bates and FAMC shows exactly how unethical the metals business has actually become with the emergence of a lot of new dealers over the last number of years. They are in it for greed, and that's the plain truth. And many of them can actually get away with fleecing innocent clients since sales of gold and silver are mainly unregulated in this country. So, lots of dealerships specialize in marketing the highest-priced items to trusting purchasers.
We understand such deceitful practices because we have helped many clients escape or avoid them. We have shown them how the right strategy is to move into gold and silver instruments that are easily bartered, such as common issues of coins, instead of high-cost rare coins that wouldn't be useful in the coming economic depression.
Let us remind Americans once again that gold and silver will remain a valuable medium of exchange once the dollar totally disintegrates and the economic markets crash as it did in 2008-- only with considerably worse outcomes.
Since only about 2 percent of Americans are reported to have gold and silver of any kind, there is a great lack of knowledge among financial advisers about what precious metals to purchase and why. Our objective is to assist clients overcome this lack of expertise with sound advice that, over the long run, will make certain that they have actually made the very best investments.
The modus operandi of Bates was to shamelessly exploit this lack of understanding for his own greed. And there remain many precious-metals dealers - even others who, like Bates and FAMC, say they operate under "Christian" principles - that are similarly predatory.
We recognize the role that the death of the dollar plays in Biblical predictions. We describe exactly how the Scriptures tells us, in Revelation 18, that gold and silver will certainly be made use of as money till the end. We are instructors for new capitalists about why they ought to possess The Lord's Money, and how to invest wisely.
But the angst that we feel for the many people who lost big chunks of their investment nest eggs, or worse, to Bates' deceitful practices also prompts us to remind our clients and everyone else: You need to be very discerning about where you invest money in gold and silver, and who helps you make those investments.
The meteoric rise of Bates and FAMC shows exactly how unethical the metals business has actually become with the emergence of a lot of new dealers over the last number of years. They are in it for greed, and that's the plain truth. And many of them can actually get away with fleecing innocent clients since sales of gold and silver are mainly unregulated in this country. So, lots of dealerships specialize in marketing the highest-priced items to trusting purchasers.
We understand such deceitful practices because we have helped many clients escape or avoid them. We have shown them how the right strategy is to move into gold and silver instruments that are easily bartered, such as common issues of coins, instead of high-cost rare coins that wouldn't be useful in the coming economic depression.
Let us remind Americans once again that gold and silver will remain a valuable medium of exchange once the dollar totally disintegrates and the economic markets crash as it did in 2008-- only with considerably worse outcomes.
Since only about 2 percent of Americans are reported to have gold and silver of any kind, there is a great lack of knowledge among financial advisers about what precious metals to purchase and why. Our objective is to assist clients overcome this lack of expertise with sound advice that, over the long run, will make certain that they have actually made the very best investments.
The modus operandi of Bates was to shamelessly exploit this lack of understanding for his own greed. And there remain many precious-metals dealers - even others who, like Bates and FAMC, say they operate under "Christian" principles - that are similarly predatory.
We recognize the role that the death of the dollar plays in Biblical predictions. We describe exactly how the Scriptures tells us, in Revelation 18, that gold and silver will certainly be made use of as money till the end. We are instructors for new capitalists about why they ought to possess The Lord's Money, and how to invest wisely.
About the Author:
Learn more about precious metal investing. Stop by Anne Trimble's site where you can find out all about gold and silver and what it can do for you.
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