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.
Nevertheless the angst that we feel remains when we think about the many folks who lost big portions of their investments. We continue to advise our clients and anyone else interested in investments: You should be quite discerning where you invest money in gold and silver, and about whose help you solicit to make those financial investments.
The unholy rise of Bates and FAMC is a striking illustration of exactly how unethical the metals investment business has become with the rise of brand-new dealers over the last few years. They are in it for greed rather than to make a positive difference. Worse still, many can get away with ripping off customers because the sales of gold and silver remains largely unregulated in this country. So, numerous dealers focus on selling the highest-priced items to unsuspecting 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.
Bates used to shamelessly exploit this lack of knowing for his very own piggishness. And there remain a lot of precious-metals dealerships-- others like Bates and FAMC--who say they work under "Christian" concepts but are lying.
We recognize that the death of the dollar plays an important role in Biblical prophecy. The Scriptures inform us, in Revelation 18, that gold and silver will be used as currency up until the end. We are teachers for new investors about why they must own God's Cash, and how to do it wisely.
Nevertheless the angst that we feel remains when we think about the many folks who lost big portions of their investments. We continue to advise our clients and anyone else interested in investments: You should be quite discerning where you invest money in gold and silver, and about whose help you solicit to make those financial investments.
The unholy rise of Bates and FAMC is a striking illustration of exactly how unethical the metals investment business has become with the rise of brand-new dealers over the last few years. They are in it for greed rather than to make a positive difference. Worse still, many can get away with ripping off customers because the sales of gold and silver remains largely unregulated in this country. So, numerous dealers focus on selling the highest-priced items to unsuspecting 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.
Bates used to shamelessly exploit this lack of knowing for his very own piggishness. And there remain a lot of precious-metals dealerships-- others like Bates and FAMC--who say they work under "Christian" concepts but are lying.
We recognize that the death of the dollar plays an important role in Biblical prophecy. The Scriptures inform us, in Revelation 18, that gold and silver will be used as currency up until the end. We are teachers for new investors about why they must own God's Cash, and how to do it wisely.
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Want to find out more about precious metal investing, then visit Anne Trimble's site on how to buy gold and silver.
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