Avoid Becoming The Next Investment Victim Of People Like Larry Bates
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 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.
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.
Because only about 2 percent of Americans are reported to own precious metals of any kind, there is a lot of ignorance among investors about precisely which instruments to buy, and why. Our goal is to help clients overcome this knowledge gap with sound advice that, over the long run, will ensure that they've made the right 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 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.
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 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.
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.
Because only about 2 percent of Americans are reported to own precious metals of any kind, there is a lot of ignorance among investors about precisely which instruments to buy, and why. Our goal is to help clients overcome this knowledge gap with sound advice that, over the long run, will ensure that they've made the right 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 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.
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.
