Saturday, December 21, 2013

Avoid Becoming The Next Investment Victim Of People Like Larry Bates

By Anne Trimble


We are constantly hearing from people who are immensely grateful that the unethical Larry Bates and his FAMC precious-metals business are finally meeting with the justice of the American court system. There are many furious victims who also see his fall as the supreme 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 shameless rise of Bates and FAMC was an illustration of how shady the metals industry has become overall with the emergence of so many new dealers over the last several years. They are in it for greed, plain and simple. And many of them can get away with victimizing innocent clients because sales of gold and silver are mostly unregulated in this country. So, many dealers specialize in selling the highest-priced products to un-knowing buyers.

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 shamelessly exploited this lack of consumer knowledge to satisfy his own needs. We know of several other precious-metals dealers like Bates and FAMC who say they operate under "Religious" concepts but are just as 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.




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