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 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 became aware of such deceptions because we have helped lots of clients get away from scams. We have revealed how the right approach is to move right into gold and silver coins that are conveniently bartered rather than rare coins that won't work in the coming economic crisis.
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.
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.
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 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 became aware of such deceptions because we have helped lots of clients get away from scams. We have revealed how the right approach is to move right into gold and silver coins that are conveniently bartered rather than rare coins that won't work in the coming economic crisis.
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.
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.
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 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:
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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