Preparing for Currency Changes + Strategies for Buying Physical Gold
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!
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VIEWER QUESTIONS:
Question 1: 1:20
Would you please provide your advice on purchasing physical gold to those of us who are retired and are no longer earning an income? Many of us already hold the bulk of our assets in tax-deferred accounts and would experience considerable tax hits if we were to take large quantities of cash from those accounts to purchase physical gold.
Question 2: 9:54
In your opinion, how soon before they eliminate our currency with a CBDC?
Question 3: 14:13
Are the only mortgages that might be affected by LIBOR transitioning to SOFR are adjustable-rate mortgages? Is it correct that fixed rate mortgages will not be affected?
Question 4: 17:12
When CBDC becomes law, what will happen to the banks? There will be no need for them since the Gov central bank will handle transactions.
Question 5: 18:30
Given that the current financial and monetary system is quickly approaching its end, doesn’t it make it obvious for the Federal Reserve to buy gold as much as they can?
Question 6: 20:20
I’ve been buying physical precious metals for years now and have recently semi retired out of country. 1. Hour do I get my physical metals out of US and with me 2. Where do I store?
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WHERE TO HOLD PHYSICAL METALS AND CASH
Many people wonder where and how to hold their metals and cash. First permit me to say, that you must hold them in places you trust and feel comfortable with. Secondly think diversification, in other words, hold your metals in several places. And lastly, be creative. If you choose to hold some metals in your home, look around for obscure spaces. Since I no longer live there, I’ll give you examples of how I held my metals in my condo.
Below the bottom shelf in a cupboard is a 2†empty space. I had the bottom shelve converted into a false shelf, wrapped a floor safe in heavy mill plastic and embedded in the ground. There was also some dead space inside a wall between my stove and the wall at the end of a built in book shelf. I had a false matching bookcase installed and held my metals behind the false bookcase.
I also have clients that put coins behind loose bricks their chimney flu’ or wrapped, inserted in a water tight PVC pipe, then buried beneath a very large boulder (yes they have a backhoe).
You get the idea, look for places that are not obvious or easy to spot. Think like a crook.
The following is a list of options, you decide where but make sure you hold them in more than one place.