Lynette responds with organic and unrehearsed answers. These are client questions from the consultants, if you have questions please either submit them through YouTube, Facebook, Twitter, or email to email@example.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!
Question 1: 0:47
Would you please tell us a story of how after the 2008 recession you were able to use your collectible gold or gold in general to take advantage and buy income producing assets?
Question 2: 3:04
Do you think the central banks will give the big banks a conversion method to move out of the Crypto, and into the digital currency?
Question 3: 4:11
Can you please walk us through the calculation scenario of dollar to SDR if the dollar is not 1:1 but a portion of the SDR backing?
Question 4: 6:04
Lynette, can you tell me about copper (PRE-1983) pennies? If the price of silver and gold go back to their historical value, do you think copper pennies will also? It wasn’t too long ago when you could buy candy with one penny or a gallon of gas with 10 pennies. Pennies used to be the money of the people. More than even silver. But I never hear what people think COPPER (PRE-1983) pennies will go to and if it’s worth sorting them out?
Question 5: 8:37
My wife and I are looking to purchase some property/home etc. we have hard assets to buy it outright but do not want to exhaust much of those assets. We keep a small bank account to meet day to day needs. We have ample income, higher than most retirees, no debt, a high credit score. We have found out that there is almost no one that will loan on bare land, and we have found out that a substantial down is required for home purchases, more than we routinely keep in dollars. Also, lenders have told us that to qualify for a home purchase loan we must provide 2 months of bank statements that show “seasoned money”, in other words we cannot sell some gold and make the required down payment to obtain financing (low interest, cheap debt) without leaving the money in the bank for two or more months as required to qualify as “seasoned money”. We have sold some gold to deposit funds in a bank, so we look good on paper for the lending institutions. As we own our current residence, we are in no hurry, we are still looking for the right land to build on or the right home and our dollars sit in a bank. As our money sits in a bank what signs can we look for that may signal an imminent need to withdraw those funds to avert, buy-in, runs, or other financial dollar disasters that will befall our currency? There is a point to it all, that is me (and many others) are captive to the current financial system. We will have to do things in fiat dollars that we do not want to do but must to operate, therefore it is paramount that warning signs are known to us.
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