BROKERAGE ACCOUNTS, RESET, GOLD RESERVES… Q&A with Lynette Zang and Eric Griffin
Eric sources questions from Lynette’s viewers and Lynette responds with organic and unrehearsed answers. If you have a question for Lynette and Eric, please either submit your question though YouTube, Facebook, Twitter, or email to questions@itmtrading.com. If you enjoyed the Q&A with Lynette Zang, please like, subscribe, and share in order to help Lynette fight the fiat money disease!
Have questions for the Q&A, email us at questions@itmtrading.com.
Have questions about acquiring gold and silver? Call: 844-495-6042
Viewer Submitted Questions:
Question 1. WS: If the US economy, US financial economy, and FX economy are built on the US dollar (the Reserve-currency), would it be logical to assume that during the next crisis the dollar will go up significantly, first —even for a time? As the world, either by policy mandates or on a ‘run-for-safety’, clings to its reserve-fiat-currency (dollar), wouldn’t this increase its demand (ex: QE) and notional value?
Question 2. Morten S: If the United States, and other large countries that has been accumulating gold the last few years, decide to “hit the reset button†and go back to a gold standard, what will happen to the remaining fiat currencies of the countries with little to no gold reserve? And is this a plausible scenario considering they would have to default on a lot of debt?
Question 3. Alexander F: If stocks are purchased via brokerage such as e*trade, td ameritrade, etc., and are held on a brokerage account are they subject to bail-ins as well?
Question 4. Mocha T: instead of placing your money in a bank, put your money in a brokerage account because they are “transaction†only firms, they don’t speculate, don’t have derivatives and do not lend money against real estate. Do you think this is a valid strategy?
Question 5. James R: Who will control the reset? -governments or central banks?
We believe that everyone deserves a properly developed strategy for financial safety.
Lynette Zang
Chief Market Analyst, ITM Trading