We continue to hear from people who are grateful that the unscrupulous Larry Bates and his FAMC precious-metals enterprise are being thwarted by the American court system, a swarm of angry victims and the ultimate justice of God.
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 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 have actually helped several clients escape deceptive practices. We have shown our clients how the right strategy is to buy gold and silver instruments that are easy to barter rather than rare and expensive coins that would not work in the coming economic disaster.
We advise our fellow Americans once again that they are going to need to use gold and silver to get what they need as soon as the dollar disintegrates and the economic markets crash as they did in 2008 with much worse results.
However, since only 2 percent of Americans are reported to own precious metals of any kind, there is a lack of knowledge among brokers about exactly what precious metal instruments people should buy and why. Our target is to help customers overcome this ignorance. We make certain that our clients pick the best financial 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 understand the role that the demise of the dollar plays in Biblical prophecy. We explain how the Bible tells us, in Revelation 18, that gold and silver will be used as currency until the end. We are educators for new investors about why they should own God's Money, and how to go about it 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 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 have actually helped several clients escape deceptive practices. We have shown our clients how the right strategy is to buy gold and silver instruments that are easy to barter rather than rare and expensive coins that would not work in the coming economic disaster.
We advise our fellow Americans once again that they are going to need to use gold and silver to get what they need as soon as the dollar disintegrates and the economic markets crash as they did in 2008 with much worse results.
However, since only 2 percent of Americans are reported to own precious metals of any kind, there is a lack of knowledge among brokers about exactly what precious metal instruments people should buy and why. Our target is to help customers overcome this ignorance. We make certain that our clients pick the best financial 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 understand the role that the demise of the dollar plays in Biblical prophecy. We explain how the Bible tells us, in Revelation 18, that gold and silver will be used as currency until the end. We are educators for new investors about why they should own God's Money, and how to go about it 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.
No comments:
Post a Comment