{"id":34917,"date":"2023-12-12T16:15:10","date_gmt":"2023-12-12T23:15:10","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=34917"},"modified":"2023-12-12T16:15:10","modified_gmt":"2023-12-12T23:15:10","slug":"gold-an-insurance-policy-everyone-should-own-with-lynette-zang","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/gold-an-insurance-policy-everyone-should-own-with-lynette-zang\/","title":{"rendered":"Gold: An Insurance Policy Everyone Should Own with Lynette Zang"},"content":{"rendered":"<p>Learn about the concept of precious metals as an insurance policy and how it can provide peace of mind in times of market uncertainty. Explore the idea of balancing your portfolio with physical gold holdings and its role as a solid insurance policy. Worried about the government&#8217;s potential actions against precious metal holders? Get answers to your concerns and find out what you can do if the government restricts the conversion of gold and silver into digital currency. Understand the value of gold and silver during economic downturns and how bartering skills play a crucial role.<br \/>\n&#x1f4c8; Gain insights into determining the right time to convert your precious metals into other assets and learn about potential triggers in the financial system. Explore the impact of Treasury market dynamics on staying within the system and discover alternatives to holding onto depreciating cash.<br \/>\n&#x1f4b0; Concerned about missing out on opportunities due to lack of liquidity? Uncover the advantages of holding gold and silver for liquidity and potential growth. Get expert advice on transitioning from cash to precious metals and positioning yourself for financial opportunities.<br \/>\n&#x1f310; Join the conversation on economic chaos survival strategies! Understand the exit strategy and discover how to thrive in uncertain times. Don&#8217;t miss out on crucial insights that can guide you through economic challenges.<\/p>\n<p><strong>CHAPTERS:<\/strong><br \/>\n0:00 Questions You Want<br \/>\n0:24 Question 1<br \/>\n2:55 Question 2<br \/>\n5:54 Question 3<br \/>\n9:45 Question 4<br \/>\n11:02 Question 5<br \/>\n14:50 Question 6<br \/>\n16:38 Question 7<br \/>\n17:48 Question 8<br \/>\n19:40 Question 9<br \/>\n21:50 Question 10<\/p>\n<p><strong>Questions:<\/strong><\/p>\n<p>What makes ITM trading different from other precious metals dealers?<\/p>\n<p>When you talk about precious metals as an insurance policy, would you please explain what you mean by that?<\/p>\n<p>What can we do if the government decides to and this is from one of my clients, What can we do if the government decides to punish precious metal holders for being out of the system? Suppose they won&#8217;t allow us to convert our gold and silver into the digital currency or allow ITM to buy it back from us?<\/p>\n<p>When my fiat money becomes worthless, how will I be able to use my gold and silver during that time?<\/p>\n<p>Yeah. Learning how to barter is such a huge question because we are not a barter society.<\/p>\n<p>How will I know when the time is right to convert my gold and silver into other assets?<\/p>\n<p>What do you think will be the first domino to fall?<\/p>\n<p>And I do not like I do not like I do not like what is happening in the ten-year Treasury market. That was going to be my next question is that how they&#8217;re suffering us to stay in the system by giving us five and a half percent interest or whatever it is on the Treasury bonds?<\/p>\n<p>Okay. Last question. When you talk about the strategy, you talk about what we need, how the strategy is going to help us survive and get through this economic chaos and thrive. How do we know when the right time is to exit and how does it help us with this exit strategy?<\/p>\n<p><strong>Video Transcript:<\/strong><\/p>\n<p>00:00:00:00 &#8211; 00:00:04:22<br \/>\nI&#8217;m not saying chief market analyst here at ITM trading a full service<\/p>\n<p>00:00:04:23 &#8211; 00:00:10:02<br \/>\nphysical gold and silver dealer specializing in custom strategies.<\/p>\n<p>00:00:10:04 &#8211; 00:00:14:13<br \/>\nAnd today we&#8217;re doing a little bit different where I&#8217;m getting asked<\/p>\n<p>00:00:14:15 &#8211; 00:00:18:06<br \/>\nthe typical question that a lot of people ask.<\/p>\n<p>00:00:18:09 &#8211; 00:00:23:23<br \/>\nAnd so let&#8217;s just see if we can answer for everybody.<\/p>\n<p>00:00:23:26 &#8211; 00:00:26:18<br \/>\nWhat makes ITM trading different<\/p>\n<p>00:00:26:18 &#8211; 00:00:29:18<br \/>\nfrom other precious metals dealers?<\/p>\n<p>00:00:29:21 &#8211; 00:00:32:00<br \/>\nWow. That is a really good question.<\/p>\n<p>00:00:32:00 &#8211; 00:00:36:01<br \/>\nFor one thing, we&#8217;ve been around since 95 and there are a lot of new people<\/p>\n<p>00:00:36:01 &#8211; 00:00:37:11<br \/>\nthat have come in.<\/p>\n<p>00:00:37:11 &#8211; 00:00:41:21<br \/>\nBut it&#8217;s the quality and the caliber of the people that are here.<\/p>\n<p>00:00:41:23 &#8211; 00:00:46:01<br \/>\nFor example, I&#8217;ve been here since 2002 and I<\/p>\n<p>00:00:46:06 &#8211; 00:00:50:18<br \/>\ndefinitely have been an integral part in the development of ITM trading.<\/p>\n<p>00:00:50:23 &#8211; 00:00:53:23<br \/>\nAnd I&#8217;ve studied currencies and currency lifecycles<\/p>\n<p>00:00:53:27 &#8211; 00:00:56:27<br \/>\nsince 1987.<\/p>\n<p>00:00:56:28 &#8211; 00:00:58:13<br \/>\nI don&#8217;t know.<\/p>\n<p>00:00:58:13 &#8211; 00:01:00:01<br \/>\nI mean, I&#8217;m sure there are other people<\/p>\n<p>00:01:00:01 &#8211; 00:01:03:01<br \/>\nthat have studied this, but I personally don&#8217;t know them.<\/p>\n<p>00:01:03:01 &#8211; 00:01:06:01<br \/>\nAnd so I would ask you guys, do you know them?<\/p>\n<p>00:01:06:04 &#8211; 00:01:10:12<br \/>\nAnd in those studies, though, the strategy that we use<\/p>\n<p>00:01:10:12 &#8211; 00:01:15:26<br \/>\nand we have a strategy, the basis of which is the same for everybody.<\/p>\n<p>00:01:15:28 &#8211; 00:01:19:10<br \/>\nBecause in my studies of currencies<\/p>\n<p>00:01:19:10 &#8211; 00:01:23:12<br \/>\nand currency lifecycles, I see repeatable patterns.<\/p>\n<p>00:01:23:12 &#8211; 00:01:26:21<br \/>\nSo these are things that happen and there&#8217;s lots and lots<\/p>\n<p>00:01:26:21 &#8211; 00:01:28:06<br \/>\nand lots of data because there&#8217;s<\/p>\n<p>00:01:28:06 &#8211; 00:01:32:13<br \/>\nlots of government currencies that simply do not exist anymore.<\/p>\n<p>00:01:32:16 &#8211; 00:01:36:23<br \/>\nAnd they all go through these same kind of cycles and patterns.<\/p>\n<p>00:01:36:25 &#8211; 00:01:41:13<br \/>\nSo we utilize this historic pattern<\/p>\n<p>00:01:41:15 &#8211; 00:01:45:28<br \/>\nto help people create a strategy<\/p>\n<p>00:01:46:01 &#8211; 00:01:49:11<br \/>\nthat puts their best interests first.<\/p>\n<p>00:01:49:13 &#8211; 00:01:54:05<br \/>\nSo everybody here, including me, utilizes the same strategy,<\/p>\n<p>00:01:54:07 &#8211; 00:01:58:04<br \/>\nbut then we tweak it and customize it based upon<\/p>\n<p>00:01:58:04 &#8211; 00:02:03:28<br \/>\nyour particular circumstance and goals and what you have to work with.<\/p>\n<p>00:02:04:00 &#8211; 00:02:05:17<br \/>\nAnd that&#8217;s the way it should be.<\/p>\n<p>00:02:05:17 &#8211; 00:02:09:14<br \/>\nI mean, I you know, I don&#8217;t know how old people are out there,<\/p>\n<p>00:02:09:16 &#8211; 00:02:11:18<br \/>\nbut everybody has different goals.<\/p>\n<p>00:02:11:18 &#8211; 00:02:15:17<br \/>\nSo we work with a strategy<\/p>\n<p>00:02:15:24 &#8211; 00:02:19:24<br \/>\nto help you put your best interests first.<\/p>\n<p>00:02:19:24 &#8211; 00:02:22:09<br \/>\nAnd education is the key.<\/p>\n<p>00:02:22:09 &#8211; 00:02:25:06<br \/>\nDon&#8217;t take our word for anything.<\/p>\n<p>00:02:25:06 &#8211; 00:02:28:06<br \/>\nFollow the links that we provide you<\/p>\n<p>00:02:28:13 &#8211; 00:02:32:28<br \/>\nto the guys that are in power and see what they are saying.<\/p>\n<p>00:02:32:28 &#8211; 00:02:35:18<br \/>\nSee what they&#8217;re doing for themselves.<\/p>\n<p>00:02:35:18 &#8211; 00:02:38:05<br \/>\nSo we&#8217;re an evidence based strategy.<\/p>\n<p>00:02:38:05 &#8211; 00:02:39:10<br \/>\nStrategy.<\/p>\n<p>00:02:39:10 &#8211; 00:02:41:00<br \/>\nThat&#8217;s what we utilize here.<\/p>\n<p>00:02:41:00 &#8211; 00:02:43:26<br \/>\nAnd that&#8217;s what really makes us different.<\/p>\n<p>00:02:43:26 &#8211; 00:02:47:22<br \/>\nAnd we have long term it&#8217;s not just you buy something from us.<\/p>\n<p>00:02:47:23 &#8211; 00:02:48:28<br \/>\nGood luck to you.<\/p>\n<p>00:02:48:28 &#8211; 00:02:53:13<br \/>\nThis is a long term relationship and you&#8217;re part of a community.<\/p>\n<p>00:02:53:16 &#8211; 00:02:56:23<br \/>\nWhen you join item trading,<\/p>\n<p>00:02:56:26 &#8211; 00:02:57:21<br \/>\nwhen you talk<\/p>\n<p>00:02:57:21 &#8211; 00:03:01:11<br \/>\nabout precious metals as an insurance policy,<\/p>\n<p>00:03:01:13 &#8211; 00:03:05:05<br \/>\nwould you please explain what you mean by that?<\/p>\n<p>00:03:05:08 &#8211; 00:03:09:16<br \/>\nWell, according to the Bank for International Settlements,<\/p>\n<p>00:03:09:18 &#8211; 00:03:13:19<br \/>\ngold is the only financial asset<\/p>\n<p>00:03:13:21 &#8211; 00:03:17:13<br \/>\nthat runs, you know, counterparty risk.<\/p>\n<p>00:03:17:16 &#8211; 00:03:21:14<br \/>\nSo if you&#8217;re going to have a properly<\/p>\n<p>00:03:21:14 &#8211; 00:03:25:22<br \/>\ndiversified portfolio, everything else that you&#8217;re doing in there,<\/p>\n<p>00:03:25:28 &#8211; 00:03:31:20<br \/>\nstocks, bonds, ETFs, mutual funds, annuities, any of that stuff,<\/p>\n<p>00:03:31:22 &#8211; 00:03:36:10<br \/>\nall of that are contracts and run counterparty risk.<\/p>\n<p>00:03:36:13 &#8211; 00:03:39:01<br \/>\nGold balances that out<\/p>\n<p>00:03:39:01 &#8211; 00:03:42:13<br \/>\ncreates a truly diversified portfolio.<\/p>\n<p>00:03:42:20 &#8211; 00:03:47:08<br \/>\nSo like right now you have the stocks and the bonds and all of these other<\/p>\n<p>00:03:47:08 &#8211; 00:03:52:20<br \/>\nfiat money assets that are at nosebleed levels, they&#8217;re severely overvalued.<\/p>\n<p>00:03:52:22 &#8211; 00:03:56:25<br \/>\nBut a rise in gold price is an indication of a failing currency.<\/p>\n<p>00:03:56:27 &#8211; 00:04:02:06<br \/>\nSo you have the spot gold price, which is a contract price<\/p>\n<p>00:04:02:09 &#8211; 00:04:05:26<br \/>\nthat is severely undervalued.<\/p>\n<p>00:04:05:28 &#8211; 00:04:08:12<br \/>\nThat will flip flop.<\/p>\n<p>00:04:08:12 &#8211; 00:04:14:09<br \/>\nSo gold as the great equalizer and the only financial asset that runs<\/p>\n<p>00:04:14:09 &#8211; 00:04:18:11<br \/>\nno counterparty risks can ensure<\/p>\n<p>00:04:18:14 &#8211; 00:04:21:07<br \/>\nthat you can recoup your principal.<\/p>\n<p>00:04:21:07 &#8211; 00:04:26:09<br \/>\nOr part of the strategy, too, is how gold can recoup<\/p>\n<p>00:04:26:16 &#8211; 00:04:29:18<br \/>\nany of your lost income,<\/p>\n<p>00:04:29:23 &#8211; 00:04:33:23<br \/>\nany fees, any taxes, any losses.<\/p>\n<p>00:04:33:25 &#8211; 00:04:36:18<br \/>\nSo when we talk about it as insurance,<\/p>\n<p>00:04:36:18 &#8211; 00:04:39:26<br \/>\nsince it is also the only financial asset<\/p>\n<p>00:04:39:28 &#8211; 00:04:43:27<br \/>\nthat is accepted on a global basis<\/p>\n<p>00:04:44:03 &#8211; 00:04:47:21<br \/>\nand has a truly global market because it&#8217;s used in every sector<\/p>\n<p>00:04:47:21 &#8211; 00:04:52:12<br \/>\nof the global economy, therefore there&#8217;s always demand for it.<\/p>\n<p>00:04:52:14 &#8211; 00:04:53:07<br \/>\nThat&#8217;s really<\/p>\n<p>00:04:53:07 &#8211; 00:04:56:07<br \/>\nwhat we&#8217;re talking about with insurance,<\/p>\n<p>00:04:56:09 &#8211; 00:05:00:25<br \/>\nbecause its most important aspect is its ability<\/p>\n<p>00:05:00:25 &#8211; 00:05:06:18<br \/>\nto hold your purchasing power, even over time.<\/p>\n<p>00:05:06:20 &#8211; 00:05:08:09<br \/>\nSo the spot market can make it<\/p>\n<p>00:05:08:09 &#8211; 00:05:10:19<br \/>\nlook however they want to make because it just contracts<\/p>\n<p>00:05:10:19 &#8211; 00:05:13:11<br \/>\nand they can create as many of those as they want to.<\/p>\n<p>00:05:13:11 &#8211; 00:05:15:01<br \/>\nThat&#8217;s not a big deal.<\/p>\n<p>00:05:15:01 &#8211; 00:05:19:25<br \/>\nBut when you go to the physical world that&#8217;s used in every single marketplace,<\/p>\n<p>00:05:19:28 &#8211; 00:05:23:09<br \/>\nthe premiums will go up no matter what happens with the spot<\/p>\n<p>00:05:23:09 &#8211; 00:05:26:16<br \/>\nprice based upon supply and demand.<\/p>\n<p>00:05:26:18 &#8211; 00:05:29:25<br \/>\nAnd its most important function is to hold<\/p>\n<p>00:05:29:25 &#8211; 00:05:32:25<br \/>\nyour purchasing power intact over time.<\/p>\n<p>00:05:32:28 &#8211; 00:05:35:17<br \/>\nAnd it&#8217;s done that for 6000 years.<\/p>\n<p>00:05:35:17 &#8211; 00:05:38:14<br \/>\nSo that&#8217;s how it ensures<\/p>\n<p>00:05:38:14 &#8211; 00:05:42:11<br \/>\nthat you can still purchase things<\/p>\n<p>00:05:42:15 &#8211; 00:05:47:04<br \/>\nno matter what happens with these other fiat money assets.<\/p>\n<p>00:05:47:07 &#8211; 00:05:47:27<br \/>\nAnd by the way,<\/p>\n<p>00:05:47:27 &#8211; 00:05:50:29<br \/>\nif I&#8217;m not clear enough or if you have any question, go ahead<\/p>\n<p>00:05:50:29 &#8211; 00:05:54:17<br \/>\nand ask a follow up question on it, because other people will tell.<\/p>\n<p>00:05:54:19 &#8211; 00:05:58:05<br \/>\nWhat can we do if the government decides to<\/p>\n<p>00:05:58:05 &#8211; 00:06:01:05<br \/>\nand this is from one of my clients,<\/p>\n<p>00:06:01:11 &#8211; 00:06:05:16<br \/>\nWhat can we do if the government decides to punish<\/p>\n<p>00:06:05:18 &#8211; 00:06:09:26<br \/>\nprecious metal holders for being out of the system?<\/p>\n<p>00:06:10:03 &#8211; 00:06:13:25<br \/>\nSuppose they won&#8217;t allow us to convert our gold<\/p>\n<p>00:06:13:25 &#8211; 00:06:19:06<br \/>\nand silver into the digital currency or allow ITM to buy it back from us?<\/p>\n<p>00:06:19:09 &#8211; 00:06:23:01<br \/>\nThat is certainly something that is a possibility.<\/p>\n<p>00:06:23:03 &#8211; 00:06:26:18<br \/>\nBut that is also why personally I do<\/p>\n<p>00:06:26:18 &#8211; 00:06:32:13<br \/>\nnot buy any bullion, which is the new stuff, right.<\/p>\n<p>00:06:32:16 &#8211; 00:06:35:17<br \/>\nI only buy the collectible gold coins.<\/p>\n<p>00:06:35:24 &#8211; 00:06:40:17<br \/>\nAnd the reason for that is that that is what the one percenters<\/p>\n<p>00:06:40:17 &#8211; 00:06:42:11<br \/>\nbuy for themselves.<\/p>\n<p>00:06:42:11 &#8211; 00:06:47:04<br \/>\nAnd we can witness that in the ultra rarities charts that its all time highs.<\/p>\n<p>00:06:47:05 &#8211; 00:06:48:05<br \/>\nRight.<\/p>\n<p>00:06:48:05 &#8211; 00:06:52:23<br \/>\nBecause if somebody you know, there are coins in there that can go for 8<\/p>\n<p>00:06:52:23 &#8211; 00:06:57:28<br \/>\nmillion, $15 million for an ounce of gold, and anybody that can afford<\/p>\n<p>00:06:57:28 &#8211; 00:07:01:23<br \/>\nthat is likely to be somebody that writes the laws<\/p>\n<p>00:07:01:25 &#8211; 00:07:06:12<br \/>\nor has the ability to influence those that write the laws.<\/p>\n<p>00:07:06:15 &#8211; 00:07:12:08<br \/>\nSo today, precious metals, people that buy precious metals are being punished.<\/p>\n<p>00:07:12:08 &#8211; 00:07:14:14<br \/>\nWe&#8217;re paying more in taxes. Right.<\/p>\n<p>00:07:14:14 &#8211; 00:07:17:12<br \/>\nBecause they want to encourage you to be in the system<\/p>\n<p>00:07:17:12 &#8211; 00:07:20:12<br \/>\nand discourage you to be outside of the system.<\/p>\n<p>00:07:20:16 &#8211; 00:07:24:20<br \/>\nBut if they choose to do<\/p>\n<p>00:07:24:23 &#8211; 00:07:25:20<br \/>\nan overt<\/p>\n<p>00:07:25:20 &#8211; 00:07:30:02<br \/>\nconfiscation, because certainly that is a covert confiscation.<\/p>\n<p>00:07:30:08 &#8211; 00:07:32:27<br \/>\nSo as is inflation,<\/p>\n<p>00:07:32:27 &#8211; 00:07:35:09<br \/>\nthen you want in my opinion,<\/p>\n<p>00:07:35:09 &#8211; 00:07:39:05<br \/>\nI want to be in the kind of gold that is least<\/p>\n<p>00:07:39:05 &#8211; 00:07:43:12<br \/>\nlikely to be impacted by that, which would be the kind of gold<\/p>\n<p>00:07:43:18 &#8211; 00:07:48:05<br \/>\nthat the one percenters and the lawmakers buy for themselves.<\/p>\n<p>00:07:48:07 &#8211; 00:07:52:01<br \/>\nDidn&#8217;t they create that collectible gold market?<\/p>\n<p>00:07:52:03 &#8211; 00:07:53:04<br \/>\nThey always do.<\/p>\n<p>00:07:53:04 &#8211; 00:07:57:22<br \/>\nThey always create loopholes so that the public<\/p>\n<p>00:07:57:24 &#8211; 00:08:01:11<br \/>\nis the one that loses everything, but they get to keep it.<\/p>\n<p>00:08:01:18 &#8211; 00:08:02:24<br \/>\nSo, yes, they did.<\/p>\n<p>00:08:02:24 &#8211; 00:08:09:17<br \/>\nIt was Treasury Secretary Wooden, who in 1933 put in that little caveat,<\/p>\n<p>00:08:09:19 &#8211; 00:08:13:05<br \/>\nyou know, coins that were minted prior to 33 having<\/p>\n<p>00:08:13:10 &#8211; 00:08:16:09<br \/>\nspecial value due to collectors,<\/p>\n<p>00:08:16:09 &#8211; 00:08:19:27<br \/>\nwhich was a pretty broad way to say it.<\/p>\n<p>00:08:20:00 &#8211; 00:08:20:28<br \/>\nYeah, but in theory.<\/p>\n<p>00:08:20:28 &#8211; 00:08:25:12<br \/>\nBut the coins that they confiscated or recalled in<\/p>\n<p>00:08:25:12 &#8211; 00:08:29:18<br \/>\n33 were the liberties and the saint-gaudens Exactly.<\/p>\n<p>00:08:29:18 &#8211; 00:08:33:14<br \/>\nDidn&#8217;t happen until after they stopped<\/p>\n<p>00:08:33:14 &#8211; 00:08:36:14<br \/>\nminting them and destroyed the coins.<\/p>\n<p>00:08:36:15 &#8211; 00:08:38:14<br \/>\nno, that was written right in.<\/p>\n<p>00:08:38:14 &#8211; 00:08:44:18<br \/>\nThe difference was in the people&#8217;s understanding of the laws versus those<\/p>\n<p>00:08:44:18 &#8211; 00:08:47:28<br \/>\nthat wrote those laws and their friends<\/p>\n<p>00:08:48:00 &#8211; 00:08:51:00<br \/>\nunderstanding of the laws.<\/p>\n<p>00:08:51:04 &#8211; 00:08:55:29<br \/>\nAnd another great example of that was, I believe it was 1964<\/p>\n<p>00:08:56:01 &#8211; 00:09:01:25<br \/>\nwhen they allowed gold contracts back into the system.<\/p>\n<p>00:09:01:28 &#8211; 00:09:04:19<br \/>\nNow, you could not convert those contracts<\/p>\n<p>00:09:04:19 &#8211; 00:09:07:26<br \/>\nin 1964 into the physical metal,<\/p>\n<p>00:09:07:26 &#8211; 00:09:10:26<br \/>\nwhich was still illegal to hold more than five ounces.<\/p>\n<p>00:09:11:03 &#8211; 00:09:13:15<br \/>\nBut you could buy those contracts.<\/p>\n<p>00:09:13:15 &#8211; 00:09:16:12<br \/>\nAnd so did the public know about those contracts?<\/p>\n<p>00:09:16:12 &#8211; 00:09:18:13<br \/>\nHad no, they didn&#8217;t know about them.<\/p>\n<p>00:09:18:13 &#8211; 00:09:23:12<br \/>\nBut those that were in power that knew that a change was coming,<\/p>\n<p>00:09:23:15 &#8211; 00:09:26:13<br \/>\nthey were the ones that bought those contracts,<\/p>\n<p>00:09:26:13 &#8211; 00:09:30:18<br \/>\nheld them until we saw a spot, you know, go up.<\/p>\n<p>00:09:30:18 &#8211; 00:09:34:13<br \/>\nAnd it was legal to own the physical again.<\/p>\n<p>00:09:34:15 &#8211; 00:09:37:15<br \/>\nSo who was the one who&#8217;s always the ones that benefit?<\/p>\n<p>00:09:37:21 &#8211; 00:09:40:10<br \/>\nThe ones that write the contracts and write the laws.<\/p>\n<p>00:09:40:10 &#8211; 00:09:42:27<br \/>\nThat&#8217;s the side I want to be on.<\/p>\n<p>00:09:42:27 &#8211; 00:09:45:11<br \/>\nEverybody else gets to do whatever they want, but that&#8217;s<\/p>\n<p>00:09:45:11 &#8211; 00:09:46:10<br \/>\nwhere I&#8217;m comfortable.<\/p>\n<p>00:09:46:10 &#8211; 00:09:50:02<br \/>\nHow would you define bullion?<\/p>\n<p>00:09:50:05 &#8211; 00:09:53:12<br \/>\nAnything that really it&#8217;s defined as anything<\/p>\n<p>00:09:53:12 &#8211; 00:09:57:24<br \/>\nthat is minted after 33, although you&#8217;ve got some caveats in there.<\/p>\n<p>00:09:58:01 &#8211; 00:10:03:01<br \/>\nSo the easy way to do it for me is look at what you can hold inside of an IRA.<\/p>\n<p>00:10:03:04 &#8211; 00:10:05:28<br \/>\nAnd if you can hold it inside of an I.R.A.<\/p>\n<p>00:10:05:28 &#8211; 00:10:07:23<br \/>\nis bullion.<\/p>\n<p>00:10:07:23 &#8211; 00:10:10:02<br \/>\nSo that means that people that think<\/p>\n<p>00:10:10:02 &#8211; 00:10:13:18<br \/>\nthat gold coins are not bullion,<\/p>\n<p>00:10:13:18 &#8211; 00:10:17:06<br \/>\nif they were minted after 1933,<\/p>\n<p>00:10:17:09 &#8211; 00:10:20:18<br \/>\nthey are that gold bullion by.<\/p>\n<p>00:10:20:20 &#8211; 00:10:22:29<br \/>\nThey are to be. Yes.<\/p>\n<p>00:10:22:29 &#8211; 00:10:27:19<br \/>\nAlthough there is a little caveat that President Kennedy wrote in<\/p>\n<p>00:10:27:19 &#8211; 00:10:31:27<br \/>\nwhen he wanted to import a lot of gold coins.<\/p>\n<p>00:10:32:00 &#8211; 00:10:36:24<br \/>\nSo I&#8217;m comfortable with those things like Swiss francs.<\/p>\n<p>00:10:37:00 &#8211; 00:10:41:08<br \/>\nBut pre 48, pre 48, because they minted a lot of,<\/p>\n<p>00:10:41:10 &#8211; 00:10:44:06<br \/>\nyou know, re strikes after that date.<\/p>\n<p>00:10:44:06 &#8211; 00:10:46:21<br \/>\nSo pre 1948<\/p>\n<p>00:10:46:21 &#8211; 00:10:51:03<br \/>\nBritish sovereigns, you know, so the early gold coins<\/p>\n<p>00:10:51:03 &#8211; 00:10:57:19<br \/>\nhave a similar level of protection and you cannot hold those in an I.R.A..<\/p>\n<p>00:10:57:22 &#8211; 00:11:01:14<br \/>\nSo those are in a different collectible classification<\/p>\n<p>00:11:01:20 &#8211; 00:11:03:24<br \/>\nand that&#8217;s what you want to be in.<\/p>\n<p>00:11:03:24 &#8211; 00:11:07:09<br \/>\nWhen my fiat money becomes worthless,<\/p>\n<p>00:11:07:12 &#8211; 00:11:13:11<br \/>\nhow will I be able to use my gold and silver during that time?<\/p>\n<p>00:11:13:13 &#8211; 00:11:16:02<br \/>\nSo, you know, there&#8217;s different kinds of gold<\/p>\n<p>00:11:16:02 &#8211; 00:11:18:02<br \/>\nand there&#8217;s different kinds of silver.<\/p>\n<p>00:11:18:02 &#8211; 00:11:23:12<br \/>\nBut when your fiat becomes worthless, you know, there will be some agencies<\/p>\n<p>00:11:23:12 &#8211; 00:11:28:07<br \/>\nlike government agencies, state agencies, when you have to pay taxes.<\/p>\n<p>00:11:28:07 &#8211; 00:11:29:08<br \/>\nRight.<\/p>\n<p>00:11:29:08 &#8211; 00:11:34:04<br \/>\nSo part of the strategy is about enabling you to always pay<\/p>\n<p>00:11:34:04 &#8211; 00:11:37:12<br \/>\nyour property taxes because you&#8217;re going to have your house paid off.<\/p>\n<p>00:11:37:19 &#8211; 00:11:41:03<br \/>\nAnd if you&#8217;re not paying your property taxes, you can lose the property.<\/p>\n<p>00:11:41:05 &#8211; 00:11:45:08<br \/>\nSo there are different kinds of gold and silver for different kinds<\/p>\n<p>00:11:45:08 &#8211; 00:11:48:09<br \/>\nof functions, and it depends on what you&#8217;re trying to accomplish.<\/p>\n<p>00:11:48:09 &#8211; 00:11:50:19<br \/>\nSo I&#8217;ll just give you a couple of examples.<\/p>\n<p>00:11:50:19 &#8211; 00:11:53:21<br \/>\nBut then I would say that what people really need to do<\/p>\n<p>00:11:53:27 &#8211; 00:11:57:17<br \/>\nis talk to the consultants and so that they can get more specific<\/p>\n<p>00:11:57:24 &#8211; 00:11:59:29<br \/>\nto those specific needs.<\/p>\n<p>00:11:59:29 &#8211; 00:12:02:14<br \/>\nBut for example,<\/p>\n<p>00:12:02:17 &#8211; 00:12:03:14<br \/>\nwhen I&#8217;m looking<\/p>\n<p>00:12:03:14 &#8211; 00:12:09:24<br \/>\nat the kind of bar admirable is gold, it refers back to either<\/p>\n<p>00:12:09:24 &#8211; 00:12:16:04<br \/>\nthe fractional pre 33 gold coins or those foreign gold coins.<\/p>\n<p>00:12:16:06 &#8211; 00:12:21:27<br \/>\nAnd I like to use those for property taxes and things like that.<\/p>\n<p>00:12:21:29 &#8211; 00:12:25:26<br \/>\nSo in that case, you would convert it into the new currency<\/p>\n<p>00:12:25:29 &#8211; 00:12:29:22<br \/>\nand you would pay your taxes with that.<\/p>\n<p>00:12:29:25 &#8211; 00:12:31:21<br \/>\nOther than that, I really like<\/p>\n<p>00:12:31:21 &#8211; 00:12:35:05<br \/>\nsilver better for barter ability.<\/p>\n<p>00:12:35:08 &#8211; 00:12:40:24<br \/>\nSo if I needed to put a gallon of gas in my tank or I needed to to buy<\/p>\n<p>00:12:40:24 &#8211; 00:12:44:27<br \/>\nsome strawberries or something like that, that&#8217;s what I would use.<\/p>\n<p>00:12:44:29 &#8211; 00:12:48:26<br \/>\nNow, if you&#8217;re working with a government agency on like taxes,<\/p>\n<p>00:12:48:26 &#8211; 00:12:51:26<br \/>\nyou&#8217;re going to have to convert it to whatever the current currency is.<\/p>\n<p>00:12:52:02 &#8211; 00:12:55:22<br \/>\nBut if you&#8217;re working locally with individuals,<\/p>\n<p>00:12:55:29 &#8211; 00:12:59:00<br \/>\nthey really do get that they cannot replace<\/p>\n<p>00:12:59:00 &#8211; 00:13:02:24<br \/>\nwhat they&#8217;re selling you for because of hyperinflation<\/p>\n<p>00:13:02:27 &#8211; 00:13:05:27<br \/>\nthat they&#8217;re going to get you to pay for.<\/p>\n<p>00:13:05:27 &#8211; 00:13:09:16<br \/>\nSo they would prefer like we&#8217;ve seen in a number of countries,<\/p>\n<p>00:13:09:24 &#8211; 00:13:13:15<br \/>\nthey would prefer to be paid in gold or silver,<\/p>\n<p>00:13:13:17 &#8211; 00:13:16:15<br \/>\nand they typically will have<\/p>\n<p>00:13:16:15 &#8211; 00:13:19:10<br \/>\nokay, it&#8217;s this much, this much gold,<\/p>\n<p>00:13:19:10 &#8211; 00:13:22:12<br \/>\nthis much silver or this much paper<\/p>\n<p>00:13:22:12 &#8211; 00:13:26:10<br \/>\nor other currencies that they have a little more confidence in.<\/p>\n<p>00:13:26:12 &#8211; 00:13:31:24<br \/>\nSo in those cases, you&#8217;re actually going to use it directly.<\/p>\n<p>00:13:31:27 &#8211; 00:13:34:10<br \/>\nOkay. Now,<\/p>\n<p>00:13:34:12 &#8211; 00:13:36:27<br \/>\nthere are some things that<\/p>\n<p>00:13:36:27 &#8211; 00:13:40:15<br \/>\nyou might not want to like clip a little piece off of.<\/p>\n<p>00:13:40:15 &#8211; 00:13:43:17<br \/>\nThere are other things that you would like to clip a little piece.<\/p>\n<p>00:13:43:18 &#8211; 00:13:45:26<br \/>\nYou wouldn&#8217;t care about clipping a little piece off.<\/p>\n<p>00:13:45:26 &#8211; 00:13:49:22<br \/>\nLike, everybody&#8217;s seen my sterling silver chopsticks, right?<\/p>\n<p>00:13:49:24 &#8211; 00:13:53:23<br \/>\nIf I were to cut one of those, that wouldn&#8217;t matter to me.<\/p>\n<p>00:13:54:00 &#8211; 00:13:54:27<br \/>\nRight.<\/p>\n<p>00:13:54:27 &#8211; 00:14:00:15<br \/>\nSo you want to have a variety of sizes as much as possible.<\/p>\n<p>00:14:00:17 &#8211; 00:14:04:27<br \/>\nAnd that&#8217;s why I kind of like the pre 1964 dimes<\/p>\n<p>00:14:04:27 &#8211; 00:14:09:25<br \/>\nquarters, half dollars dollars, because then I have a variety of sizes.<\/p>\n<p>00:14:09:27 &#8211; 00:14:14:00<br \/>\nBut keep in mind that anything that is<\/p>\n<p>00:14:14:00 &#8211; 00:14:19:15<br \/>\ngold or silver is monetary added space, like those chopsticks<\/p>\n<p>00:14:19:17 &#8211; 00:14:23:22<br \/>\nwhich are sterling silver, and that means they&#8217;re 92 and a half percent pure.<\/p>\n<p>00:14:23:25 &#8211; 00:14:28:11<br \/>\nSo, you know, you&#8217;re going to be bartering with in two different ways.<\/p>\n<p>00:14:28:18 &#8211; 00:14:32:01<br \/>\nYou&#8217;re either going to have to convert it into the current currency to pay it<\/p>\n<p>00:14:32:01 &#8211; 00:14:36:12<br \/>\nif it&#8217;s a government agency or anything that&#8217;s associated with that,<\/p>\n<p>00:14:36:15 &#8211; 00:14:40:23<br \/>\nthat they&#8217;re going to require you to do that or an individual<\/p>\n<p>00:14:40:25 &#8211; 00:14:41:27<br \/>\nthat you&#8217;re going to work with it<\/p>\n<p>00:14:41:27 &#8211; 00:14:45:23<br \/>\ndirectly and people are going to prefer to be paid in gold and silver<\/p>\n<p>00:14:45:23 &#8211; 00:14:51:19<br \/>\nbecause at that point they&#8217;re well aware of the rapid devaluation of the currency.<\/p>\n<p>00:14:51:22 &#8211; 00:14:52:12<br \/>\nYeah.<\/p>\n<p>00:14:52:12 &#8211; 00:14:56:03<br \/>\nLearning how to barter is such a huge question<\/p>\n<p>00:14:56:03 &#8211; 00:14:59:11<br \/>\nbecause we are not a barter society.<\/p>\n<p>00:14:59:13 &#8211; 00:15:01:19<br \/>\nThat&#8217;s actually not true.<\/p>\n<p>00:15:01:19 &#8211; 00:15:04:17<br \/>\nWe barter for our work<\/p>\n<p>00:15:04:17 &#8211; 00:15:07:17<br \/>\nand we get paid in fiat money<\/p>\n<p>00:15:07:20 &#8211; 00:15:12:04<br \/>\nand then we convert and barter with that fiat money<\/p>\n<p>00:15:12:08 &#8211; 00:15:15:20<br \/>\nfor the goods and services that we need.<\/p>\n<p>00:15:15:23 &#8211; 00:15:19:06<br \/>\nSo it&#8217;s just that we&#8217;ve been<\/p>\n<p>00:15:19:08 &#8211; 00:15:22:08<br \/>\ntaught to not think of it like that.<\/p>\n<p>00:15:22:12 &#8211; 00:15:26:00<br \/>\nBut in reality, not only do<\/p>\n<p>00:15:26:00 &#8211; 00:15:31:09<br \/>\nwe barter with the fiat money all the time as a tool of barter,<\/p>\n<p>00:15:31:12 &#8211; 00:15:35:26<br \/>\nbut there&#8217;s also growing barter communities,<\/p>\n<p>00:15:35:28 &#8211; 00:15:39:12<br \/>\nwhich is something that I do try and show you.<\/p>\n<p>00:15:39:15 &#8211; 00:15:40:24<br \/>\nRight.<\/p>\n<p>00:15:40:24 &#8211; 00:15:46:00<br \/>\nSo there are a lot more people bartering for goods and services<\/p>\n<p>00:15:46:03 &#8211; 00:15:51:02<br \/>\nwith labor, with with other things, anything physical as barter.<\/p>\n<p>00:15:51:06 &#8211; 00:15:54:06<br \/>\nAll right, You have a cookie. That&#8217;s yummy.<\/p>\n<p>00:15:54:11 &#8211; 00:15:55:17<br \/>\nAnd I have a glass.<\/p>\n<p>00:15:55:17 &#8211; 00:15:57:20<br \/>\nYou need the glass to make the cookies.<\/p>\n<p>00:15:57:20 &#8211; 00:15:58:27<br \/>\nAnd I need the cookies.<\/p>\n<p>00:15:58:27 &#8211; 00:16:01:27<br \/>\nOkay. We barter, we trade.<\/p>\n<p>00:16:02:00 &#8211; 00:16:05:25<br \/>\nSo start looking at what you&#8217;re doing.<\/p>\n<p>00:16:06:02 &#8211; 00:16:07:00<br \/>\nRight.<\/p>\n<p>00:16:07:00 &#8211; 00:16:10:13<br \/>\nAnd when you use the credit card or use cash<\/p>\n<p>00:16:10:21 &#8211; 00:16:15:00<br \/>\nor anything like that, you are bartering.<\/p>\n<p>00:16:15:06 &#8211; 00:16:19:29<br \/>\nHow can you translate that into using the equivalent of gold and silver?<\/p>\n<p>00:16:20:01 &#8211; 00:16:23:23<br \/>\nBecause once once we hit hyper inflation,<\/p>\n<p>00:16:23:26 &#8211; 00:16:27:12<br \/>\npeople understand how rapidly the currency is losing value,<\/p>\n<p>00:16:27:12 &#8211; 00:16:30:22<br \/>\njust like the high inflation that has gotten everybody up in arms.<\/p>\n<p>00:16:30:25 &#8211; 00:16:32:02<br \/>\nRight.<\/p>\n<p>00:16:32:02 &#8211; 00:16:33:23<br \/>\nWell, they have inflation under control.<\/p>\n<p>00:16:33:23 &#8211; 00:16:37:24<br \/>\nthat just means the prices are rising a little less slowly.<\/p>\n<p>00:16:37:26 &#8211; 00:16:39:17<br \/>\nIt&#8217;s not under control.<\/p>\n<p>00:16:39:17 &#8211; 00:16:40:17<br \/>\nOkay. Okay.<\/p>\n<p>00:16:40:17 &#8211; 00:16:43:29<br \/>\nHow will I know when the time is right<\/p>\n<p>00:16:44:03 &#8211; 00:16:48:24<br \/>\nto convert my gold and silver into other assets?<\/p>\n<p>00:16:48:27 &#8211; 00:16:52:07<br \/>\nWell, number one, if you watch my videos,<\/p>\n<p>00:16:52:07 &#8211; 00:16:55:13<br \/>\nyou see, I&#8217;m always talking about the different formation patterns.<\/p>\n<p>00:16:55:20 &#8211; 00:16:57:29<br \/>\nBut subscribe, right?<\/p>\n<p>00:16:57:29 &#8211; 00:17:00:25<br \/>\nI&#8217;m going to tell you what I&#8217;m doing.<\/p>\n<p>00:17:00:25 &#8211; 00:17:04:02<br \/>\nBut pattern shifts and pattern<\/p>\n<p>00:17:04:02 &#8211; 00:17:07:02<br \/>\nfoundations are really the key.<\/p>\n<p>00:17:07:08 &#8211; 00:17:11:03<br \/>\nBecause if you think about it, everything has a life cycle.<\/p>\n<p>00:17:11:06 &#8211; 00:17:15:28<br \/>\nAnd what I try and teach in my videos is where we are in that life cycle.<\/p>\n<p>00:17:16:00 &#8211; 00:17:17:29<br \/>\nIt&#8217;s like I&#8217;m 69.<\/p>\n<p>00:17:17:29 &#8211; 00:17:21:21<br \/>\nYou&#8217;re not going to think I&#8217;m going to be eight like my granddaughter, and<\/p>\n<p>00:17:21:21 &#8211; 00:17:26:14<br \/>\nyou&#8217;re not going to look at her at eight and think, she&#8217;s going to be 70 next year.<\/p>\n<p>00:17:26:16 &#8211; 00:17:27:11<br \/>\nRight.<\/p>\n<p>00:17:27:11 &#8211; 00:17:31:27<br \/>\nSo if you if you can learn how to recognize those patterns,<\/p>\n<p>00:17:31:27 &#8211; 00:17:36:03<br \/>\nwhich I talk about a lot in my videos and always have,<\/p>\n<p>00:17:36:06 &#8211; 00:17:39:00<br \/>\nthen you&#8217;re going to know that independently.<\/p>\n<p>00:17:39:00 &#8211; 00:17:43:08<br \/>\nBut also as long as I&#8217;m around and I&#8217;m planning on being here<\/p>\n<p>00:17:43:08 &#8211; 00:17:50:11<br \/>\nthrough this trend cycle, then I&#8217;ll tell you when I&#8217;m making the shift.<\/p>\n<p>00:17:50:14 &#8211; 00:17:51:11<br \/>\nThank you.<\/p>\n<p>00:17:51:11 &#8211; 00:17:53:06<br \/>\nIt would be very helpful.<\/p>\n<p>00:17:53:06 &#8211; 00:17:55:09<br \/>\nAbsolutely. Absolutely.<\/p>\n<p>00:17:55:09 &#8211; 00:18:01:17<br \/>\nWhat do you think will be the first domino to fall?<\/p>\n<p>00:18:01:19 &#8211; 00:18:04:24<br \/>\nWell, I&#8217;m not exactly sure what you mean by that question.<\/p>\n<p>00:18:05:00 &#8211; 00:18:08:09<br \/>\nWell, the stock market. The housing market.<\/p>\n<p>00:18:08:12 &#8211; 00:18:09:25<br \/>\nWell, I think I&#8217;ll probably.<\/p>\n<p>00:18:09:25 &#8211; 00:18:11:26<br \/>\nI think we&#8217;ve already seen that domino.<\/p>\n<p>00:18:11:26 &#8211; 00:18:15:20<br \/>\nAnd I think it was in the regional banks and what&#8217;s happening in the Treasury<\/p>\n<p>00:18:15:20 &#8211; 00:18:17:17<br \/>\nbond markets.<\/p>\n<p>00:18:17:17 &#8211; 00:18:19:10<br \/>\nSo I think it&#8217;s already happening.<\/p>\n<p>00:18:19:10 &#8211; 00:18:23:21<br \/>\nI don&#8217;t think that I&#8217;m waiting for those dominoes to fall, which is why<\/p>\n<p>00:18:23:26 &#8211; 00:18:26:26<br \/>\na lot of people have heard a lot more urgency.<\/p>\n<p>00:18:26:29 &#8211; 00:18:27:14<br \/>\nOkay.<\/p>\n<p>00:18:27:14 &#8211; 00:18:30:03<br \/>\nIt&#8217;s because I&#8217;m watching the dominoes fall.<\/p>\n<p>00:18:30:03 &#8211; 00:18:34:06<br \/>\nThe problem is, is that those that are in the markets can see them.<\/p>\n<p>00:18:34:09 &#8211; 00:18:34:28<br \/>\nRight.<\/p>\n<p>00:18:34:28 &#8211; 00:18:37:28<br \/>\nBut the general public can&#8217;t see them.<\/p>\n<p>00:18:38:05 &#8211; 00:18:42:04<br \/>\nAnd once the general public does see them,<\/p>\n<p>00:18:42:06 &#8211; 00:18:44:05<br \/>\nit&#8217;s game over.<\/p>\n<p>00:18:44:05 &#8211; 00:18:46:02<br \/>\nThink about 2008.<\/p>\n<p>00:18:46:02 &#8211; 00:18:49:23<br \/>\nWho you know, Did I know you happened to be there<\/p>\n<p>00:18:49:23 &#8211; 00:18:54:17<br \/>\nin July of 2007 when I said something very nasty?<\/p>\n<p>00:18:54:17 &#8211; 00:18:57:15<br \/>\nThis way comes because I saw technical signals.<\/p>\n<p>00:18:57:15 &#8211; 00:18:58:22<br \/>\nRight? Right.<\/p>\n<p>00:18:58:22 &#8211; 00:19:01:28<br \/>\nAnd you all thought I was crazy.<\/p>\n<p>00:19:02:00 &#8211; 00:19:03:16<br \/>\nthis is absurd.<\/p>\n<p>00:19:03:16 &#8211; 00:19:04:03<br \/>\nYeah.<\/p>\n<p>00:19:04:03 &#8211; 00:19:06:29<br \/>\nI mean, you know, this is the best the economy&#8217;s ever been.<\/p>\n<p>00:19:06:29 &#8211; 00:19:08:05<br \/>\nThat good.<\/p>\n<p>00:19:08:05 &#8211; 00:19:10:07<br \/>\nAnd I said something very nasty.<\/p>\n<p>00:19:10:07 &#8211; 00:19:11:16<br \/>\nThis way comes.<\/p>\n<p>00:19:11:16 &#8211; 00:19:16:18<br \/>\nSo just because you, the public, don&#8217;t see that it&#8217;s got to be covered up<\/p>\n<p>00:19:16:18 &#8211; 00:19:20:15<br \/>\nbecause they need you to remain vulnerable.<\/p>\n<p>00:19:20:17 &#8211; 00:19:21:29<br \/>\nRight. They need you to.<\/p>\n<p>00:19:21:29 &#8211; 00:19:24:29<br \/>\nThat&#8217;s how they transfer your wealth their way.<\/p>\n<p>00:19:25:00 &#8211; 00:19:29:03<br \/>\nSo I&#8217;m saying I&#8217;ve already seen the first dominoes fall.<\/p>\n<p>00:19:29:04 &#8211; 00:19:34:20<br \/>\nWe saw it in in the first quarter with SBB Bank and the regional banks.<\/p>\n<p>00:19:34:27 &#8211; 00:19:36:16<br \/>\nThat issue is not over yet.<\/p>\n<p>00:19:36:16 &#8211; 00:19:39:02<br \/>\nWe just recently had another bank failure.<\/p>\n<p>00:19:39:02 &#8211; 00:19:42:08<br \/>\nThat issue ain&#8217;t over yet.<\/p>\n<p>00:19:42:10 &#8211; 00:19:44:04<br \/>\nSo, yeah, they&#8217;re falling.<\/p>\n<p>00:19:44:04 &#8211; 00:19:47:06<br \/>\nAnd I do not like I do not like<\/p>\n<p>00:19:47:06 &#8211; 00:19:52:26<br \/>\nI do not like what is happening in the in the ten year Treasury market.<\/p>\n<p>00:19:52:27 &#8211; 00:19:55:03<br \/>\nThat was going to be my next question<\/p>\n<p>00:19:55:03 &#8211; 00:19:59:06<br \/>\nis that how they&#8217;re suffering us to stay in the system by giving us<\/p>\n<p>00:19:59:09 &#8211; 00:20:03:13<br \/>\nfive and a half percent interest or whatever it is on the Treasury bonds?<\/p>\n<p>00:20:03:16 &#8211; 00:20:07:06<br \/>\nWell, are they you know, it&#8217;s a double edged sword.<\/p>\n<p>00:20:07:07 &#8211; 00:20:10:22<br \/>\nThe five and a half percent is because they are, quote unquote,<\/p>\n<p>00:20:10:22 &#8211; 00:20:15:19<br \/>\nfighting inflation, because the theory is you raise rates,<\/p>\n<p>00:20:15:23 &#8211; 00:20:20:29<br \/>\nfewer people borrow and spend, and that slows down the inflation rate.<\/p>\n<p>00:20:21:01 &#8211; 00:20:24:12<br \/>\nWell, it works if you&#8217;re not at the very end<\/p>\n<p>00:20:24:15 &#8211; 00:20:28:06<br \/>\nof the trend cycle, but there&#8217;s no purchase power left.<\/p>\n<p>00:20:28:09 &#8211; 00:20:33:09<br \/>\nSo the big problem with the Treasury market is that we&#8217;re told<\/p>\n<p>00:20:33:12 &#8211; 00:20:36:15<br \/>\nwe&#8217;re taught that that is the largest<\/p>\n<p>00:20:36:15 &#8211; 00:20:39:23<br \/>\nand most liquid pool of assets.<\/p>\n<p>00:20:39:25 &#8211; 00:20:41:27<br \/>\nIt ain&#8217;t so liquid anymore.<\/p>\n<p>00:20:41:27 &#8211; 00:20:45:23<br \/>\nWe started seeing cracks in that in 2015.<\/p>\n<p>00:20:45:25 &#8211; 00:20:48:25<br \/>\nSo, yes, I&#8217;ve been talking about this forever,<\/p>\n<p>00:20:49:00 &#8211; 00:20:54:14<br \/>\nbut just because you can&#8217;t see it doesn&#8217;t mean it&#8217;s not so.<\/p>\n<p>00:20:54:16 &#8211; 00:20:59:22<br \/>\nSo the Treasury market has me very worried because that is the foundation<\/p>\n<p>00:20:59:22 &#8211; 00:21:03:21<br \/>\nof the global financial system and it is not liquid.<\/p>\n<p>00:21:03:24 &#8211; 00:21:09:27<br \/>\nAnd what I mean by that is those entities that hold large blocks of treasuries,<\/p>\n<p>00:21:09:29 &#8211; 00:21:15:04<br \/>\nthey can no longer go in and sell a block and keep the price stable.<\/p>\n<p>00:21:15:06 &#8211; 00:21:20:29<br \/>\nThey have to break it into itty bitty pieces so the markets can digest it<\/p>\n<p>00:21:21:01 &#8211; 00:21:24:12<br \/>\nand not dramatically move the price.<\/p>\n<p>00:21:24:17 &#8211; 00:21:27:23<br \/>\nBut we are seeing price strings or price<\/p>\n<p>00:21:27:23 &#8211; 00:21:31:01<br \/>\nswings in treasuries that are like this.<\/p>\n<p>00:21:31:03 &#8211; 00:21:35:01<br \/>\nIs that the foundation that you want your house built on?<\/p>\n<p>00:21:35:03 &#8211; 00:21:39:13<br \/>\nIf your foundation is moving like this, what do you do?<\/p>\n<p>00:21:39:15 &#8211; 00:21:44:27<br \/>\nDo you stay in that house or do you get out?<\/p>\n<p>00:21:44:29 &#8211; 00:21:46:13<br \/>\nSo that&#8217;s what I&#8217;m saying.<\/p>\n<p>00:21:46:13 &#8211; 00:21:50:12<br \/>\nGet out, Get to safety.<\/p>\n<p>00:21:50:15 &#8211; 00:21:51:29<br \/>\nLast question.<\/p>\n<p>00:21:51:29 &#8211; 00:21:54:25<br \/>\nWhen you talk about the strategy,<\/p>\n<p>00:21:54:25 &#8211; 00:21:59:13<br \/>\nyou talk about what we need, how the strategy is going to help us survive<\/p>\n<p>00:21:59:13 &#8211; 00:22:03:03<br \/>\nand get through this economic chaos and thrive.<\/p>\n<p>00:22:03:06 &#8211; 00:22:06:06<br \/>\nHow do we know<\/p>\n<p>00:22:06:07 &#8211; 00:22:08:26<br \/>\nwhen the right time is to exit<\/p>\n<p>00:22:08:26 &#8211; 00:22:12:17<br \/>\nand how does it help us<\/p>\n<p>00:22:12:24 &#8211; 00:22:16:01<br \/>\nwith this exit strategy?<\/p>\n<p>00:22:16:04 &#8211; 00:22:18:23<br \/>\nWell, you know, a lot of this is about building<\/p>\n<p>00:22:18:23 &#8211; 00:22:22:03<br \/>\na community and having long term relationships.<\/p>\n<p>00:22:22:05 &#8211; 00:22:26:12<br \/>\nSo the strategy is just based upon historic patterns.<\/p>\n<p>00:22:26:14 &#8211; 00:22:28:06<br \/>\nThat&#8217;s that&#8217;s all it&#8217;s based on.<\/p>\n<p>00:22:28:06 &#8211; 00:22:30:00<br \/>\nIt&#8217;s not rocket science.<\/p>\n<p>00:22:30:00 &#8211; 00:22:35:10<br \/>\nIt&#8217;s actually I think, pretty simple to understand.<\/p>\n<p>00:22:35:12 &#8211; 00:22:38:10<br \/>\nAnd and again, I go back to,<\/p>\n<p>00:22:38:10 &#8211; 00:22:41:21<br \/>\nyou know, what I try and teach in my videos<\/p>\n<p>00:22:41:23 &#8211; 00:22:46:26<br \/>\nare how to recognize those patterns and as things are shifting.<\/p>\n<p>00:22:46:29 &#8211; 00:22:49:26<br \/>\nSo I intend to continue to do that.<\/p>\n<p>00:22:49:26 &#8211; 00:22:52:27<br \/>\nI mean, right now I have three studios.<\/p>\n<p>00:22:52:27 &#8211; 00:22:57:28<br \/>\nI have one in my home studio in Phenix, one in my bug out location,<\/p>\n<p>00:22:57:28 &#8211; 00:23:04:07<br \/>\nso that if that&#8217;s where I am, I&#8217;m going to be able to continue to come on air.<\/p>\n<p>00:23:04:10 &#8211; 00:23:07:23<br \/>\nThe only reason why I would not come on air, honestly,<\/p>\n<p>00:23:08:01 &#8211; 00:23:12:02<br \/>\nis I&#8217;m sorry, because a lot of people won&#8217;t like to hear this, But if I&#8217;m<\/p>\n<p>00:23:12:05 &#8211; 00:23:12:29<br \/>\nif I&#8217;m unable<\/p>\n<p>00:23:12:29 &#8211; 00:23:15:29<br \/>\nto do it other than that, that&#8217;s my commitment.<\/p>\n<p>00:23:15:29 &#8211; 00:23:19:15<br \/>\nI will show up and I will do the work and I will do that<\/p>\n<p>00:23:19:15 &#8211; 00:23:22:28<br \/>\nas long as I am physically able to do that.<\/p>\n<p>00:23:23:01 &#8211; 00:23:26:18<br \/>\nAnd it will fight the central banks and I will fight the garbage<\/p>\n<p>00:23:26:18 &#8211; 00:23:29:12<br \/>\nthat they&#8217;re trying to shove down our throats<\/p>\n<p>00:23:29:12 &#8211; 00:23:34:11<br \/>\nbecause I have a lot of hopes and I&#8217;m looking at all of the kids,<\/p>\n<p>00:23:34:17 &#8211; 00:23:37:25<br \/>\nyou know, not just my grandkids, but everybody&#8217;s grandkids,<\/p>\n<p>00:23:37:25 &#8211; 00:23:42:05<br \/>\ntheir great grandkids, everybody in the future.<\/p>\n<p>00:23:42:07 &#8211; 00:23:45:25<br \/>\nAnd what is intended for us.<\/p>\n<p>00:23:45:27 &#8211; 00:23:47:13<br \/>\nAnd I don&#8217;t like what I see.<\/p>\n<p>00:23:47:13 &#8211; 00:23:49:05<br \/>\nI don&#8217;t like it at all.<\/p>\n<p>00:23:49:05 &#8211; 00:23:51:15<br \/>\nSo this is my battle.<\/p>\n<p>00:23:51:15 &#8211; 00:23:52:24<br \/>\nThis is my commitment.<\/p>\n<p>00:23:52:24 &#8211; 00:23:58:12<br \/>\nI don&#8217;t plan on going anywhere until we&#8217;re on the other side of this.<\/p>\n<p>00:23:58:14 &#8211; 00:24:02:12<br \/>\nAnd I do a lot to keep myself healthy and fit<\/p>\n<p>00:24:02:12 &#8211; 00:24:06:25<br \/>\nand and keep my energy up and keep my mental clarity.<\/p>\n<p>00:24:06:27 &#8211; 00:24:08:29<br \/>\nSo, I mean,<\/p>\n<p>00:24:09:01 &#8211; 00:24:10:12<br \/>\nmy intention is<\/p>\n<p>00:24:10:12 &#8211; 00:24:14:04<br \/>\nto do this all the way through this mess.<\/p>\n<p>00:24:14:07 &#8211; 00:24:18:10<br \/>\nSo you will help us through your videos<\/p>\n<p>00:24:18:12 &#8211; 00:24:22:25<br \/>\nto see the vision, to see what is coming<\/p>\n<p>00:24:22:27 &#8211; 00:24:28:02<br \/>\nand to be able to be in the right place at the right time with the right assets.<\/p>\n<p>00:24:28:09 &#8211; 00:24:31:08<br \/>\nExactly. Yeah. And I&#8217;ll let you know.<\/p>\n<p>00:24:31:08 &#8211; 00:24:35:18<br \/>\nI mean, don&#8217;t I always let you guys know what I&#8217;m doing for myself?<\/p>\n<p>00:24:35:20 &#8211; 00:24:37:18<br \/>\nI&#8217;m not going to stop doing that.<\/p>\n<p>00:24:37:18 &#8211; 00:24:38:18<br \/>\nThank you.<\/p>\n<p>00:24:38:18 &#8211; 00:24:40:26<br \/>\nI think you&#8217;ve answered most of the questions.<\/p>\n<p>00:24:40:26 &#8211; 00:24:43:06<br \/>\nI can&#8217;t think of anything else.<\/p>\n<p>00:24:43:06 &#8211; 00:24:48:22<br \/>\nOkay, so remember, if you haven&#8217;t yet hit that subscribe button<\/p>\n<p>00:24:48:22 &#8211; 00:24:53:16<br \/>\nso you know what&#8217;s happening and what you need to do about it.<\/p>\n<p>00:24:53:18 &#8211; 00:24:57:03<br \/>\nAnd I&#8217;m so proud of the team that we&#8217;ve put together<\/p>\n<p>00:24:57:03 &#8211; 00:25:00:23<br \/>\nwith Daniella and Taylor and. Wow.<\/p>\n<p>00:25:00:25 &#8211; 00:25:02:06<br \/>\nThank you very much.<\/p>\n<p>00:25:02:06 &#8211; 00:25:04:03<br \/>\nI mean, we&#8217;re coming to the close of the year.<\/p>\n<p>00:25:04:03 &#8211; 00:25:07:23<br \/>\nIt&#8217;s crazy, but we are coming to the close of a year.<\/p>\n<p>00:25:07:23 &#8211; 00:25:08:26<br \/>\nWhat a year it&#8217;s been.<\/p>\n<p>00:25:08:26 &#8211; 00:25:13:03<br \/>\nI knew this was going to be a very interesting year, and indeed it has.<\/p>\n<p>00:25:13:05 &#8211; 00:25:17:09<br \/>\nI can&#8217;t say that I&#8217;m very excited to go into 2024.<\/p>\n<p>00:25:17:09 &#8211; 00:25:20:29<br \/>\nI think 2024 is going to be more challenging and more interesting<\/p>\n<p>00:25:20:29 &#8211; 00:25:23:04<br \/>\nthan 2023.<\/p>\n<p>00:25:23:04 &#8211; 00:25:27:04<br \/>\nBut remember, we are all in this together<\/p>\n<p>00:25:27:06 &#8211; 00:25:32:03<br \/>\nand gold and silver is your wealth shield<\/p>\n<p>00:25:32:05 &#8211; 00:25:33:29<br \/>\nand intel next to me.<\/p>\n<p>00:25:33:29 &#8211; 00:25:36:18<br \/>\nPlease be safe out there. Bye bye.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn about the concept of precious metals as an insurance policy and how it can provide peace of mind in times [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":34918,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1710],"tags":[36,53,81,83,242,322,1282,1375,1378,1473,1526,1607,1720,1839,2100,2345,2627,2987,2988,2989,2990,2991,2992,2993,2994],"class_list":["post-34917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-buy-gold","tag-federal-reserve","tag-hyperinflation","tag-inflation","tag-investing-in-gold","tag-precious-metals","tag-central-banks","tag-dollar-collapse","tag-lynette-zang","tag-economic-collapse","tag-buy-silver","tag-janet-yellen","tag-cbdc","tag-currency-reset","tag-jerome-powell","tag-brics","tag-de-dollarization","tag-inflation-news","tag-us-recession","tag-stock-market-crash","tag-bank-crash","tag-bank-crisis","tag-brics-currency","tag-buy-physical-gold","tag-eric-griffin"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/34917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=34917"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/34917\/revisions"}],"predecessor-version":[{"id":34953,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/34917\/revisions\/34953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/34918"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=34917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=34917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=34917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}