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 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.
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 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.
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 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.
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