A SOLUTION FOR FALLING SAVINGS’ RATES AND THE RECESSION?
Telford based Independent Financial Adviser K A LINCOLN > INVESTMENTS has launched a website which they claim is designed to help savers survive the recession.
Kim Andrew Lincoln, the companies’ founder and Managing Director, said:
“The purpose of this website is to uncover the causes of this economic crisis and to explain what can be done to mitigate its worst effects - at both a personal finance and government policy level”.
In 2003 Kim made forecasts for the economy, interest rates and investment markets which he claims ‘have either happened, are happening or are still likely to happen.’ And in 2006 he launched his ‘Safety First Strategy’ to safeguard his client’s finances from the economic devastation he foresaw.
“Where my advice has been followed, our ‘Safety First Strategy’ has helped to protect clients’ from the effects of the falling stock market and plummeting savings rates. And our mortgage clients have benefitted too, because as we expected interest rates to fall to zero, we only recommended ‘Lifetime Tracker’ schemes“ he said.
Kim believes that the economic problems we are experiencing can only be resolved if the monetary and banking systems are replaced.
“What is needed is a return to a pure money system - backed by gold - where the amount of cash and credit available at any one time is never more or less than the value of goods and services produced in the economy. If we had such a system - backed up with proper regulation - we would not be experiencing any of these financial problems today” he said.
Kim has many ideas for turning our ‘Dark Age’ economy into a ‘Golden Age’ one, which include having just one tax - levied on the purchase of non essential goods and services.
For savers and investors he says that you can get some of the best returns from conventional long dated gilts which are fixed interest securities issued by the government.
“We use gilts in our Safety First Strategy for savers because they offer a high fixed rate of interest - guaranteed for many years - and because we think their value will increase as the recession deepens. I do not know of any other investment where, given the deflationary conditions we face, the prospects for capital growth look so good” Kim said.
For more information and details of the firms ‘Safety First Strategy’ for savings, investments and pensions visit the companies’ new website www.kalincolninvestments.co.uk which opens for business on 28/2/2009.
22/04/2009