Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Lynette Zang: The FACTS are SHOCKING 😳 (Silver & Gold)

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Lynette Zang: The FACTS are SHOCKING 😳 (Silver & Gold) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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  After 1971, we went to a pure debt based system.
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  Well, you got to pay interest on that debt and so that just
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  accelerates the inflation and now we're at the end.
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  And so when you hear everybody being so confused about the
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  market action, about the currency, what's happening in
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  the currency markets and this and that and the other thing,
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  it's because we're at the end. Today, we are fortunate to be
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  joined by Lynette Zang. She's admired and respected
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  within the precious metals community, and she's going to
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  share with us some of her insights into what she sees
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  developing within the gold and silver sectors.
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  Lynette, welcome to Ron's Basement.
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  I'm very happy to be here. Ron, thank you for having me.
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  Yeah, well, on behalf of everyone joining us today, you
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  know, like I said, you're someone who's.
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  Looked up to and respected within this community and yeah,
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  well, I have a I have a I have a question for you.
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  One of my viewers from the United Kingdom sent this over
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  and it's actually for another one of my viewers.
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  But he he enclosed these 18 US paper dollars.
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  And it's what he brought back from his trip to Las Vegas and
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  he called it Las Vegas toilet paper.
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  So I'm curious, do you, do you what are your thoughts on the
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  value of the US dollar and and where we might be heading?
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  Well, actually I've been studying currencies and currency
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  life cycles since 1987 and there is absolutely zero doubt in my
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  mind, Zero doubt, but that this is the end of this Fiat money
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  experiment. And what they're trying to do is
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  transition us into the next iteration of the Fiat money
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  experience or experiment, which is really a full surveillance
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  monetary system. And that's what makes having
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  silver and gold in your possession so critical.
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  So I mean, there's no doubt. And and I, and I guess you're
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  referring to the potential for a or the oncoming inevitability of
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  a CBDC type environment. I I am.
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  Where do you hear My hesitation is, yes, it is inevitable that
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  they're going to bring it out, but it is not inevitable that it
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  will be adopted. That's going to be up to the
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  community and to the population because, you know, we vote with
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  our purses, we vote with our wallets.
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  So if you're buying gold and silver, that's your vote.
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  If you're keeping it in this garbage, I mean, you know, there
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  are over 4800 currencies, Fiat money, currencies that do not
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  exist anymore. And ours is going exactly, you
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  know, this crap is going the same way.
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  This is just a derivative of this and of this, right?
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  But this is real money. This is fake.
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  Yeah, yeah. Yeah.
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  It's interesting. I heard a statistic recently
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  that since the Federal Reserve came into existence, the US
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  dollars lost like 97% of its value.
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  Yes, and my favorite graph. And everybody that watches knows
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  I like my charts and my graphs. But if you said to me you could
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  only work with one, it would be the purchasing power graph from
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  the Federal Reserve because you can see the whole story right
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  there and you can explain the whole story just from that one,
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  that one graph. And yeah, it's going to 0
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  because that's what happens because what this is especially
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  after 1971 we went to a pure debt based system, well, you got
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  to pay interest on that debt. And so that just accelerates the
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  inflation and now we're at the end.
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  And so when you hear everybody being so confused about the
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  market action, about the currency, what's happening in
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  the currency markets and this and that and the other thing
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  it's because we're at the end. So it is confusing because
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  things aren't working the way the system was set up to
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  function. They're not functioning the same
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  way. But but nobody ever says, well,
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  this must be the end of the system.
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  Well, they can't. They're cheerleaders for the
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  system, so they can't actually say that.
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  But you and I can say it. I can say, yeah, I told somebody
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  earlier, I was just did a live stream earlier.
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  I said don't expect when you walk into your bank that, you
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  know, usually they have those placards up offering you 1% on a
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  checking account or whatever. Don't expect for there to be a
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  placard up that says, hey, we're having financial trouble.
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  We just wanted to let you know. That that things aren't looking
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  good. Here, I have a question for you.
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  I've I've studied this 1971 Nixon order that took us off the
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  gold standard. And in my mind what they
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  essentially did was silver and gold at that point because the
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  US was the dominant world. Power at that, in that time
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  frame was it's almost like they put silver in gold in jail
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  temporarily, like they couldn't kill it.
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  But they had a real interest in dissuading, especially the
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  American public from buying silver and gold.
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  Absolutely. And and and and and it feels
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  like to me that now there's a renewed interest in a renewed, I
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  would say, a new era. But it feels like not just in
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  the United States but even throughout the world, that
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  there's that, that that there's a new wave or a new movement of
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  people kind of waking up. To the value of silver and gold,
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  I I would, I would agree with that.
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  You know, I mean they created the spot market to manage and
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  these are their words, they're not my words to manage people's
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  perception of particularly gold because gold is the primary
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  currency metal and a rising gold price is an indication of a
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  failing currency. And if you know or once you
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  know, I should say that that currency is actually dying and
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  going away, then you start to make different choices and you
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  start to take your wealth outside of the system.
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  I mean, I'm an ex banker, I'm an ex stockbroker.
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  Do you know how many stocks or bonds or mutual funds or ETF's
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  or annuities or any or CD's? Do you know how much of that I
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  have? Zero.
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  Because I understand the language and I understand what
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  they're doing. And I was there in the 80s as
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  everything was really kind of kicking off and all this talk
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  about globalization. So they needed to really trap
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  you in it. But this is the interesting
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  thing. Gold and silver is part of our
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  DNA. It's part of our vernacular, the
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  golden goose, the golden rule, when they create the crypto
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  currencies, what Col. what color are they?
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  They're either gold or they're silver, right.
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  So you know it's part of our DNA and yes, I I agree with you.
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  I think, especially with this rapid inflation, that's that
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  makes the demise of the currency more obvious to the general
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  public. And they're starting to go.
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  Wait a minute, you know here, this is the American dream
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  You're supposed to if you work hard, you can have your own
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  home, you can raise a family, you can get educated, you can
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  send your kids all of this stuff.
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  You can, you can have the American Dream, but more and
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  more of the younger people past my generation are waking up to
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  the fact that that American dream is always going to be out
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  of the reach. They go to college, but what
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  kind of income did they make after that?
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  But they're saddled with all of this debt.
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  Now that's going away. Of course they have to that, you
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  know, they got a little bit of a reprieve for a few years.
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  That's now going away. But people are getting very
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  discouraged and they don't believe the American Dream is
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  possible anymore. And so that's why I say
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  absolutely it's inevitable that they're going to bring out the
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  new CBDC's, the surveillance economy, because they want even
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  more control than they have with this stuff.
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  But we don't have to accept it, right?
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  If we hold most of our wealth inside of this, this is our
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  vote. And guess what?
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  If there's just a very vocal 3% that get this, well, that's all
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  they needed for the Revolutionary War.
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  Very vocal 3%. That's, it's interesting.
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  I hear Rick Rule and other people talk about the fact that
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  only like .5% of the world's financial wealth or assets is
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  invested into silver and gold. And long term the average is 2%
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  and it's gotten as high as 5%. But even if we get back to 2%,
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  that's four times as much. Quote UN quote money going into
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  the precious metals and and related investments.
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  I want to touch on something I just kind of tweeted a little
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  bit and say that you, that you will have a lot more
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  transferring out of this fake Fiat money into real money, real
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  money. That's what this is.
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  You know one of the guys who helps me with the channel a lot?
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  His name's he goes by Coin Shop Chris and and he's a stickler.
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  Because I'll say, oh, I bought some silver, he says.
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  You're not buying silver, you're converting paper money into real
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  money. And and I say, you know, it's
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  absolutely great. You know, I grew up in the
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  United States, so I'm part of the, you know, the, the I was
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  taught, you know, I buy and buy. It's like, no, you're not buying
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  gold and silver, you're converting.
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  You know the other interesting thing you brought up was how
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  silver and gold are in our DNAI have twin 11 year old daughters.
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  And they play 20? You do?
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  Wow. I do, but they're 42.
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  Mine are 11:00. You'll survive.
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  Yeah, we're surviving. If you hear any loud noises
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  upstairs, you'll know what it is.
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  You'll understand. Yeah, but every game they play,
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  pretty much without exception, Every little game on their
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  tablet or their phone or on the TV.
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  The prize is always a silver or gold coin.
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  It's like the most valuable thing in the game.
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  And you know, like you said, if you, you know, I did this about
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  a year ago, I I put into Google images, I did a search for
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  Bitcoin and all the images that came up were a gold coin.
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  So it is, it is in our, in our DNA, no doubt, no doubt about
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  it. What about the system in
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  general, as you were referring to that system?
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  What about I want to get your take on this because it's my
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  feeling that as as, as the as the system, quote UN quote, has
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  become more convoluted, more papering over like the little
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  bank, little big. However you want to say it, it
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  was big because it was bigger than all the banks that went
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  bust during the great financial crisis.
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  But the little situation we had with banks back in March like
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  they can. They paper over everything and
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  but that the problems, the more duct tape.
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  However you want to say it as it gets bigger and bigger that it
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  becomes more delicate and fragile and that it requires
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  faster response. Do you have any any thoughts on
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  that? Yes, absolutely.
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  It's it's like the little Dutch boy that's putting his fingers
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  in the in the dike and before you know it, he's got all his
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  fingers and all his toes in the dike.
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  But there's another leak that springs up.
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  So yeah, there's absolutely no doubt about it that they can and
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  do paper over it. But here's the problem.
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  You know you have to. What happened to them?
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  Honestly, I did. I was going to say you need to
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  talk to Jerome. He'll tell you how to fix that
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  real fast. I I should totally talk to
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  Jerome. But here's the problem, and you
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  can see it when they first came out with the quantitative
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  easing. So money for free.
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  All of this money printing every iteration afterwards took a lot
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  more money and they were getting a lot less result.
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  And they have been on this quantitative easing, and even
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  now, you know, they call it quantitative tightening.
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  But globally money is still extremely loose.
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  Whenever you have interest rates that are below the real rate of
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  inflation, that's easy money. I don't care if you had interest
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  rates at 20%, right. If the rate of inflation is at
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  30%, that's still easy money. So you know for them to talk
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  about tightening is kind of garbage, but it is becoming more
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  and more challenging for people to roll or corporations or
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  governments or whatever to roll over that debt.
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  So in some ways there is easing and some ways there's
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  tightening, just like look at the Bank of Japan, right.
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  They lost control of their yield curve control.
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  But I've done pieces on that historically as they've been
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  going along. So it's pretty obvious that they
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  were losing control, but rather than making it obvious to the
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  public what did they do, they broadened their band.
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  They did that on Friday and on Monday they announced a major
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  bond buying program. I mean, those are just the
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  opposite. So what does that tell us?
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  Because Bank of Japan is really the leader in the world of all
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  of these experiments, those monetary experiments and that
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  started back in the early 90s. And you know, they're the ones
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  that created the zombie firms. So and and this yield curve
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  control. OK, So you print a whole bunch
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  of money and you go in and you buy a whole bunch of bonds to
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  control the price. And all that really does is
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  convolute interest rates out there.
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  The the value of the money, the price of the money.
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  So you know, when I see that on Friday they did loosening and on
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  Monday they did tightening because what happened, Boy,
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  shocker, interest rates exploded on their ten year J GB of which
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  they own most of that anyway. Yeah, it tells me that we are
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  closer and closer and closer to the end of this experiment.
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  And I think what we just saw with the Bank of Japan is the
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  Canary in the coal mine and I'm paying a lot of attention
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  because it ain't over yet, just like the bank eruption that we
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  had in March. What do you think?
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  All those issues, those underwater investments went
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  away? Do you think they're not a Bank
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  of America and God forbid, JP Morgan and every other bank on
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  the planet? Of course they are.
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  They're just being hidden. But how long can they do that,
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  That that's really what the question is, not what's going to
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  happen. It's exactly when.
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  So now look at this. No.
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  Did you know there's not going to be a recession?
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  And I'm really relieved because Janet Yellen came out a while
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  ago and said there would not be another financial crisis in her
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  lifetime. So now that we know there's not
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  going to be another recession, I guess that means she gets to
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  live longer. And and didn't they also tell us
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  just two or three years ago that inflation would not be a problem
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  and then it was temporary and then it was transitory And
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  didn't Jerome Powell himself just like, what, two years ago?
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  Tell us that they wouldn't raise interest rates till the end of
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  2023. So that means you and I should
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  be sitting here right now talking about how we still have
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  0% interest rates. But maybe in November or
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  December the Feds going to raise rates and we know that they are,
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  you know, at the tail end maybe of the one of the fastest
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  interest rate hike sessions in history.
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  Well, likely they are at the tail end of that because that's
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  what Wall Street wants. The problem is, is that we
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  haven't really felt the full effect.
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  I mean the economy has not yet felt the full effect of that
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  rapid rise in interest rates because of the lag effect.
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  So this is the good thing about Cbdc's and especially when you
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  read what they say because they will have their finger on that
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  button 24/7 and they will get instant response if their policy
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  choices are working. That I don't know about you, but
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  that scares the Haiti's out of me.
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  Well, it it does. And I think it goes with what we
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  were talking about earlier that that as this as the system has
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  become so convoluted that they will have to react
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  instantaneously just to control what's going on.
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  And you know and and I want I want to get your opinion on this
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  as well as you were talking about what's going on with
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  Japan. And and and to a certain extent
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  I think even with our Fed. I question whether our Fed
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  really wants to fight inflation because because can you can can
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  can can we really I mean if we if they really fight inflation
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  if the system implodes. So the analogy I I like to use,
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  it's like if you've got a fire going, which is the system.
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  And you've got a fire hose in one hand and you're putting it
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  out, but with your other hand you're kind of secretly
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  continuing to flame it. Does that, does that make sense?
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  That makes every bit of sense in the world because that's exactly
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  what they've been doing. But on top of that, people need
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  to understand that inflation is not a monetary phenomenon.
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  You had true when we were on a gold and silver standard, you
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  had true supply and demand economics.
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  So it'd go up and go down and it would very right that that's a
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  normal business cycle. But with this garbage, if you
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  read what they were saying, when they first put this in place, it
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  was inflation was baked in to the system.
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  Because not one man in a million understands inflation.
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  And even Christine Lagarde, the head of the ECB, and Jerome
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  Powell, the head of the Federal Reserve, admitted they do not.
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  They do not understand inflation.
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  So the Fed's job is not about fighting inflation because it's
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  part of the Fiat money system. It is about controlling the rate
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  and the speed of that inflation. But the reality is, and I've
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  been saying this since 2008, that's when the system actually
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  died and they weren't ready with the next iteration of money.
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  They still had work to do. So that's when the quantitative
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  easing, the free money that flow to make it appear like it's
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  okay, but I still know people that have not recouped from
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  2008. It's I bet you we all do know
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  and I bet you some of us out there that are watching goes
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  well. Yeah, yeah.
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  Yeah, yeah, but. But doesn't it feel like I often
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  use this example, My neighborhood, we have a
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  community pool. There's 400 houses here.
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  And if I go to my community pool and try to talk about what you
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  and I just talked about for the last 15 minutes, 99% of the
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  people will look at me cross eyed and think that I'm that.
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  I'm like most people, I think. And and I don't, I can't speak
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  for other countries, but it seems like in the United States
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  most people are just asleep. And do you think there will be
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  an event that'll occur at some point in the future?
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  Maybe could be a month from now, maybe it's 10 years from.
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  I mean, who knows, Maybe it's tomorrow, maybe it's tomorrow
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  where people will be faced or be forced to face, no, face the
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  music, I guess you would say. Yes.
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  And I and I think that that opened a lot of eyes because as
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  you said earlier that you're seeing more and more people that
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  are looking at gold and silver and that's what the rapid
• 20:35
  inflation does. So that's why it's so critically
• 20:38
  important that 2% target. They're still getting your
• 20:41
  wealth. It's still costing you more
• 20:44
  money every day, every year to buy the same goods and services.
• 20:51
  But if it happens slowly enough, that price stability mandate is
• 20:56
  not about keeping the price of this cup or the food or anything
• 21:00
  else stable. It's about your expectations.
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  So that if you don't think that inflation is too big a problem,
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  then you don't ask for more money.
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  But when inflation heats up like it is now, or it has been, I
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  mean it hasn't gone away, you know, no matter what they say,
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  you know, it's really going to get worse, especially if they
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  start to reverse course on interest rates.
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  But they can't. That genie is out of the bottle.
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  That genie is done. We're at the end.
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  I don't care what they say. I don't care how they juggle
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  their formulas to make it look this way or that way.
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  Once people start seeing it in their daily lives, it's like a
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  veil is lifted and you can't really blame people.
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  I mean, I've had a number of people say to me, well, you
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  know, I try and tell my friends and they don't listen.
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  So they're just going to have to deal with it.
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  Well, frankly, we're all going to have to deal with it.
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  But what we're really asking people to do is have a major
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  paradigm shift. Admit that since the day they
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  were born, they have been told a lie, and they have believed a
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  lie that is very uncomfortable for most people.
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  Yeah, so I can understand that I have empathy with it.
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  I'm trying to feed the world between my urban farm here and I
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  was never a gardener. I mean, I'd go and help my
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  sister and we always had a little kitchen garden, but that
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  was never really my thing. Yet today I am absolutely a
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  farmer, both down here and at my Bug Out location because food
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  becomes the single biggest issue for people during these
• 22:49
  transitions and I'm trying to feed as many people as possible.
• 22:55
  Wow. That's that's that's admirable.
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  If what what about your business, you're with ITM
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  trading is that correct? And you you, you help people
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  that want to move some of their or convert some of their paper
• 23:11
  money into Fiat currency. What are there any things that
• 23:15
  set ITM trading apart from the other companies in that
• 23:18
  industry? Huge Number one, they have me
• 23:22
  and I've been there since 2002 and been absolutely instrumental
• 23:26
  in developing everything. But beyond that, what we have is
• 23:29
  a strategy that's based upon my research and all of my studies
• 23:35
  on currencies and currency life cycle since 1987.
• 23:38
  And it's just based upon repeatable patterns, so
• 23:43
  repeatable patterns. So you can see the shift and
• 23:46
  understand where we are in this trend cycle, which is why I can
• 23:49
  sit here with absolute confidence to tell you we're at
• 23:52
  the end because all of those, all of those patterns that we've
• 23:56
  seen in over 4800 currencies that do not exist anymore are
• 24:05
  all flashing red like right now. So I think we're in the lull
• 24:10
  before the storm, but we are very, very close and I think
• 24:15
  we're very, very close to that full surveillance economy too.
• 24:18
  So what makes ITM different? Because obviously we work in
• 24:22
  physical gold and silver, but there's silver and then there's
• 24:26
  silver and there's gold and then there's gold.
• 24:29
  And So what our strategy does, it starts with your goals.
• 24:33
  What is it that you are trying to accomplish?
• 24:37
  Everybody's strategy is basically the same.
• 24:40
  It's the same as mine, but I'm at a different point in my life.
• 24:44
  I have different goals maybe than you do, maybe not, Maybe
• 24:48
  they're exactly the same, in which case your portfolio would
• 24:52
  look very much like My Portfolio.
• 24:54
  So you start with the goals and the circumstance and what you
• 24:58
  have to work with and it's definitely more of a
• 25:01
  comprehensive strategy that we use at ITM.
• 25:05
  So you have your money at the base to make sure that whatever
• 25:10
  Fiat money assets you've managed to accumulate that you that you
• 25:14
  choose not to or cannot convert are protected.
• 25:19
  But beyond that, you know right now we have these income
• 25:22
  producing assets that are at Nosebleed level valuations and
• 25:27
  we have gold and silver that are super duper cheap that's going
• 25:31
  to flip flop. If you're in the right asset at
• 25:34
  the right time, then you can take some of those gains,
• 25:38
  convert it into those undervalued income producing
• 25:42
  assets that we know which ones will now survive because right
• 25:46
  now, frankly that's a big question, who's going to survive
• 25:49
  this? And then you can be actually
• 25:53
  better off on the other side of this then you are going into it
• 25:58
  because as you said before, what half a percent of the population
• 26:02
  owns gold. So that's a wealth transfer
• 26:06
  tool. And hey, you might as well be
• 26:09
  the one to have the wealth transfer your way in my opinion.
• 26:13
  I, I, I agree the you know, like sentiment about gold and silver
• 26:18
  between you and I is real high right?
• 26:21
  Like we love it. And the people watching joining
• 26:23
  us right now likely are very. Optimistic and interested in
• 26:27
  silver gold, but overall you know when I, especially when I
• 26:31
  talk to people in the mining sector which is different than
• 26:33
  what you and I are talking, but they say sentiment is low and
• 26:38
  overall outside of you and I right.
• 26:41
  Most of the rest of the people, the other 99 out of 100 people,
• 26:44
  they don't care or they think it's bad, whatever.
• 26:47
  I like to bring up something that I think is optimistic for
• 26:51
  our sector and that is that. The price, the price measured
• 26:54
  in, in Fiat U.S. dollars has done pretty well.
• 26:58
  And silver, you know, hung in there pretty well.
• 27:00
  But let's say gold in particular.
• 27:03
  If in the next year it can get to an all time high measured
• 27:07
  nominally in U.S. dollars, and it's doing that carrying that
• 27:12
  weight of like super low sentiment only imagine then if
• 27:16
  it gets the new all time highs and sentiment just gets a little
• 27:19
  bit better. Just a teeny bit better.
• 27:22
  That we could really be in for some, you know, some some
• 27:25
  potential large price increases. Well, let's kind of look at that
• 27:32
  for a minute because that's not ever the way that I think about
• 27:36
  gold and silver, because this is insurance, but it's also a
• 27:41
  strategy. And let's say that tomorrow Spot
• 27:45
  gold goes to $6000 an ounce. Are you going to sell your gold?
• 27:51
  And what if silver goes to $900.00 an ounce, Are you gonna
• 27:54
  sell your silver? So I'm not looking for the
• 27:58
  market change of sentiment as far as the nominal price of gold
• 28:04
  and silver are concerned. What I'm looking at is what the
• 28:08
  central banks are doing, because at the end of the day, when all
• 28:12
  confidence is lost in the currency, in the powers that be,
• 28:16
  and that's my fondest wish, that's really what my battle is.
• 28:22
  When all that confidence is lost and they're trying to regain
• 28:25
  that confidence, then they do those overnight revaluations
• 28:30
  where they take this garbage that is only used in one area
• 28:34
  and they revalue it in this area that is in gold and silver too,
• 28:42
  that are used in every single sector of the global economy.
• 28:47
  So if you look back, you know, like in Venezuela that happens
• 28:52
  to be the one that I can remember the easiest, don't ask
• 28:55
  me why, because it's happened so many times.
• 28:57
  But the first overnight revaluation, they did Spot gold
• 29:03
  in Venezuelan Boley bars went up 3500%.
• 29:09
  Did it express to its full fundamental value?
• 29:12
  No, not yet. But that's for me what I'm
• 29:17
  waiting for because what happens is it gives you an opportunity
• 29:22
  to pay off any fixed rate debt that you have with dollars that
• 29:25
  have zero value, right. It gives you an opportunity to
• 29:30
  buy those now undervalued assets that we know are most likely to
• 29:38
  make it because they've made it that far, right.
• 29:41
  It's it's really hard looking at the balance sheets and so many
• 29:45
  things are done off balance sheet to know whether or not a
• 29:47
  company is actually really solvent because there's just so
• 29:51
  many ways that you can juggle that accounting.
• 29:54
  So that's it. It isn't in the spot market.
• 29:57
  That's Wall Street's market and JPMorgan Chase and other bullion
• 30:03
  banks and other traders are tasked with suppressing it.
• 30:08
  It's when the central banks who have been loading up on more
• 30:11
  gold than they ever have before because they know what's
• 30:16
  happening, they want to keep their choices.
• 30:19
  They want to stay in control, right?
• 30:23
  They're loading up on gold right now.
• 30:25
  Let's see, who knows more about money than central bankers?
• 30:31
  Why wouldn't you just do what they're doing and doing for
• 30:34
  themselves? Because it's interesting.
• 30:37
  There was just a little headline that came out how gold is is
• 30:42
  directionless. They they don't say Spot gold.
• 30:46
  They say gold is directionless because Fed chair Powell says
• 30:51
  he's not going to lower rates for two years.
• 30:54
  Who cares, right? The the the lie is that gold
• 31:00
  doesn't doesn't pay any interest.
• 31:02
  Who cares? So if the interest rates are
• 31:04
  staying up high on this crap, that is truly crap, right?
• 31:11
  Big deal. A trillion times zero is 0 and
• 31:14
  it really is just that simple. So that's really what I'm
• 31:19
  waiting for. Wall Street's job is not to push
• 31:22
  the price of gold. It's amazing that it's not still
• 31:25
  down at 600 bucks an ounce or even 20 bucks an ounce because
• 31:29
  they can create as much gold that does not, nor ever will
• 31:32
  exist as they want to. That that part's easy peasy in
• 31:35
  the in the physical only market. What do you see?
• 31:39
  You see gold making new highs especially in the ultra rarities
• 31:43
  category, which is the only category that the one
• 31:46
  percenters, I mean that's what they can afford.
• 31:49
  I can't afford $8 million for a coin, right?
• 31:53
  And you don't have to spend $8 million on the coin, just
• 31:57
  personally I want to be in that category.
• 32:01
  So I you can still and and understand.
• 32:04
  I don't really know anything about pricing because I don't
• 32:06
  really work in that area anymore.
• 32:09
  But I do buy for myself and for my legacy gold.
• 32:14
  And that's the kind of gold that will be passed down from
• 32:17
  generation to generation to generation for that part of my
• 32:21
  gold portfolio. Yeah, I'll go above fundamental
• 32:24
  value, but then I'm in the rarefied air area, which is what
• 32:29
  I like. But again, there's different
• 32:33
  kinds of gold for different kinds of things.
• 32:36
  I like fractional pieces for property taxes, because look at
• 32:41
  the depression. You could own your house
• 32:44
  outright, but if you could not pay your property taxes, you
• 32:48
  lost your house. So little fractional gold coins
• 32:52
  are Absolutely Fabulous to maintain your ability to always
• 32:57
  pay your property taxes. You know, silver, the different
• 33:01
  sizes, The different sizes of all of this stuff.
• 33:05
  You can't look at the spot market and expect that you're
• 33:09
  seeing the truth. Here's my question.
• 33:13
  Why does anybody trust Wall Street?
• 33:17
  Have we not all been screwed enough?
• 33:21
  I said the same thing about Washington, right?
• 33:24
  Like, totally. We totally.
• 33:26
  Like. It's it's strange that when you
• 33:28
  see the results of like the Gallup polls of do you approve
• 33:31
  of your of your congressmen and senators And they're like all
• 33:35
  time low. But then people will just take
• 33:38
  the information they're fed from their government as like the
• 33:41
  almighty truth. I'm like, why?
• 33:43
  Why would you believe that? That doesn't make any sense
• 33:47
  whatsoever. Can I ask you one final
• 33:48
  question? You've been very generous.
• 33:51
  OK. You've been very been very
• 33:52
  generous. I, I started my channel about a
• 33:55
  year and a half ago. Yeah.
• 33:59
  Well, thank you. Thanks for right.
• 34:00
  It is, it is, but it's worth it. And I've met wonderful people,
• 34:03
  many of whom I'm sure are are watching us right now really.
• 34:07
  And we talked about this before we went online that a lot of the
• 34:10
  people, most all the people in the gold and silver sector are
• 34:13
  very nice and they're very smart as well.
• 34:16
  But I've noticed a trend in the last year and a half, a definite
• 34:20
  trend that there are more. Women watching my videos and
• 34:25
  maybe more women getting into stacking and I asked my wife,
• 34:29
  Susie, I said, do you think it's because of my boyish good looks?
• 34:33
  And she laughed at me. So do you?
• 34:36
  Do you see? And that was a joke of course,
• 34:38
  but but you are very nice looking man, so.
• 34:43
  Well, maybe, yeah. We'll we'll go on for another
• 34:45
  hour now. But.
• 34:47
  But do you see more women? And and they beat they've
• 34:52
  they're they're awesome and they they're like more and more are
• 34:54
  coming to my channel and and engaging in the conversation.
• 34:59
  Do you see that trend at all? You know, I I do, but I probably
• 35:03
  always kind of been a bit of a trendsetter anyway because when
• 35:07
  I became a stockbroker, there wasn't even 3% of the
• 35:10
  stockbrokers were female. And right and the same thing in
• 35:15
  the gold industry there were like I only knew of like one
• 35:20
  other female in the industry. That has certainly been
• 35:24
  changing. So yes, and and I'll tell you
• 35:27
  something else, and I discovered this when I was a stockbroker or
• 35:30
  realized it when I was a stockbroker, you know, #1, any
• 35:37
  woman entering a field were looking at a field that is kind
• 35:44
  of more unique to what they would look at, do more due
• 35:48
  diligence, they do a lot more research, right.
• 35:52
  So they're more inquisitive because they understand that
• 35:56
  they're behind the 8 ball to begin with.
• 35:59
  Right. And they really want to be
• 36:01
  there. Absolutely.
• 36:02
  And I've also unfortunately known a lot of women that have
• 36:08
  relied on their male partners to manage their wealth, and they
• 36:16
  have that wealth has been managed away from them.
• 36:21
  So I strongly encourage everybody.
• 36:25
  Male, female, I don't really care, but I think that I
• 36:29
  strongly encourage everybody to do their own due diligence and
• 36:33
  to listen to a lot of different opinions and what one makes the
• 36:37
  most sense to you, because that's all anybody can give you
• 36:40
  is an opinion. Now I act on my opinions because
• 36:44
  I've been doing this on some level since I was like 10,
• 36:49
  probably younger than that really.
• 36:52
  But I I applaud it and and I also see a lot more younger
• 36:57
  people getting involved, which I really applaud because that's
• 37:01
  the generation that's comfortable the most with all of
• 37:05
  this electronic. I mean the younger you get, the
• 37:08
  more comfortable they are because they've grown up with
• 37:10
  it. But I'm going to be 69 in a few
• 37:14
  months. So, you know, I'm not used to
• 37:17
  this loss of privacy and just giving everything up so easily
• 37:22
  And all of this technology. I I look at it with a weary eye
• 37:27
  because of my age and, you know, the generation that I was born
• 37:31
  into, I think that more and more younger people are looking at
• 37:36
  these things with a weary eye because they know they can't
• 37:39
  achieve the American dream that was promised to them.
• 37:42
  So and that's who's going to create the revolution.
• 37:46
  And I think we probably do have a revolution here in our
• 37:50
  horizon. I'm sorry, but we need it.
• 37:52
  We need it because otherwise the system's going to remain
• 37:55
  completely unfair. And we have an opportunity right
• 37:58
  now in this change to create a much more fear system.
• 38:04
  Vote with your wallets, vote with your purses.
• 38:07
  That's what's going to matter at the end of the day and that's
• 38:09
  what's going to save you and put you in the best position as
• 38:12
  well. Thank you, Lynette.
• 38:15
  This has been great on behalf of.
• 38:17
  Everyone watching and myself, what an honor and a treat to get
• 38:21
  to hear from you. If they wanna learn more about
• 38:24
  ITM Trading is it? What is it?
• 38:26
  Itmtrading.com Yes. And we have a very active
• 38:31
  YouTube channel. I mean, I'm constantly
• 38:33
  publishing on that. But you know, you can't.
• 38:36
  Now you can buy food with this even in the worst of
• 38:40
  circumstances, but you can't really eat this.
• 38:43
  So I'm a huge advocate on everybody being as independent
• 38:47
  and self-sufficient as possible. So we have another site called
• 38:51
  Beyond Gold and Silver and that one is all around my mantra,
• 38:56
  which is food, water, energy, security, barter ability,
• 39:00
  wealth, preservation, community and shelter.
• 39:03
  And we're really active on that to meet people wherever they
• 39:08
  are. If you've never planted anything
• 39:10
  in your life, okie dokie, there you go, we're going to show you
• 39:14
  how to do it. If you are a master, come join
• 39:17
  us and help teach people. And in that we have what's
• 39:21
  called thriverscommunity.com, which is where everybody comes
• 39:27
  together and does share everything.
• 39:28
  So yeah, we're very holistic in our approach because you need
• 39:32
  everything. It's not this is that and that's
• 39:34
  that. I became an urban farmer because
• 39:37
  of my study in in economics. I don't want to.
• 39:40
  Holy crap, I see what's coming. So, you know, I changed my plans
• 39:45
  a lot in 2008, changed all my plans.
• 39:49
  Very interesting. Yeah, food is.
• 39:53
  Obviously critical to our survival and and people ask me
• 39:56
  as well like well how much silver should I own and and I'd
• 39:59
  like you like you know I can give you my opinion but it's
• 40:03
  just that you need to figure out what you're but it's also
• 40:05
  important to have you know secured your food supply, water
• 40:09
  supply relationships I mean I think.
• 40:12
  Community. Community is yeah, you gotta,
• 40:16
  you gotta, you know, have good and and maybe have some skills
• 40:19
  that other people need so you can help other people as well.
• 40:23
  And it's going to be an interesting decade ahead of us,
• 40:25
  right? Hopefully during that decade
• 40:27
  I'll get to speak with you again.
• 40:29
  Absolutely. But just kind of going back to
• 40:31
  what you were saying a little bit earlier about people ask
• 40:34
  you, well, how much silver should I need?
• 40:35
  Should I have? How much gold should I have?
• 40:39
  Well, there is historic data based upon your current cost of
• 40:43
  living and what is and where we are, what the true value is
• 40:49
  right now. So we actually have formulas
• 40:51
  that can calculate that out based upon your current
• 40:55
  circumstances and they're just based on history.
• 40:59
  So that's look, I've been doing this seriously on some levels
• 41:06
  since I was 10 years old. Probably earlier than that, but
• 41:09
  that was with my uncle Al and I. There's no doubt in my mind.
• 41:14
  I know I have been groomed for this moment in time and I'm so,
• 41:18
  I am so appreciative. Yeah.
• 41:21
  And I know it's it. It it feels like how do I say
• 41:24
  this? Like like it's never going to
• 41:27
  happen until it does happen, right.
• 41:30
  And then it happens and people I would encourage and I I know you
• 41:35
  you do as well encourage people to be prepared mentally and and
• 41:41
  I guess physically and and monetarily everything else for
• 41:44
  for what what appears because it it has that's what I like to to
• 41:49
  point out like and I love the fact that you have those 45
• 41:52
  which are 4800 you said different Fiat currencies that
• 41:56
  have come and gone. There's not, there's not 4800
• 41:59
  here, but. Yeah, even US currencies.
• 42:03
  I have gold certificates here. This is, this is a Confederate
• 42:08
  $10 Confederate note, right? Can you go out shopping with
• 42:11
  this? No.
• 42:14
  This is a state of Florida bill. Back when the states were
• 42:18
  printing their own money. I mean, so it isn't it.
• 42:21
  It's, you know, and then and then what's this?
• 42:24
  This is a Bolivar. Venezuelan Bolivar has more
• 42:28
  value as a napkin for an empanada.
• 42:31
  Or whoo, this is good. Here's a $10 trillion Zimbabwe
• 42:36
  note. And what did Zimbabwe do?
• 42:38
  And what is Zimbabwe? They came out with A1 oz gold
• 42:42
  coin last year, and this year they're issuing a They're trying
• 42:46
  to. It's going to be interesting.
• 42:48
  CBDC backed by gold. Not convertible into it, but
• 42:55
  back, but supposedly, supposedly the gold's there.
• 42:58
  Yeah, presumably, right. Supposedly, yeah.
• 43:01
  Until you can convert it, it ain't over.
• 43:04
  Yes I agree with that 100% because I'm I I get that
• 43:08
  question and and push back a lot from people like with like Texas
• 43:14
  has a proposition to potentially develop a a gold backed digital
• 43:19
  currency and and I I don't have a problem with that and I know
• 43:23
  that the the legislation does propose that it would be
• 43:26
  convertible but you better make sure that it's and I'm not a big
• 43:30
  fan of regulation but that it's regulated and you know audited
• 43:35
  and make sure that gold is really there the gold or silver
• 43:38
  then you know maybe maybe I'm willing to look at it but
• 43:42
  otherwise no, no thank you. Right.
• 43:46
  It has to be convertible and you know, I mean they proposed that
• 43:50
  that bill in March and it has gone nowhere and that's not the
• 43:54
  first. Proposal to have a gold back
• 43:57
  currency of of some form that comes up actually fairly
• 44:02
  regularly, but it's always just a proposal and then it doesn't
• 44:06
  go anywhere, right? And and you're right, I mean who
• 44:10
  was it? Ernest Hemingway when asked well
• 44:13
  how did you go bankrupt and he said well slowly at 1st and then
• 44:17
  fast. That's the way it happens.
• 44:20
  It seems like nothing is happening because you can't see
• 44:23
  below the surface. But I can guarantee you tons and
• 44:29
  tons and tons of things are happening below the surface that
• 44:33
  they don't want us to know about.
• 44:37
  By the time you do, you're out of choices.
• 44:41
  Yeah. When's the When's the last time
• 44:43
  they forewarned us about a crisis, right?
• 44:46
  I mean, they never, never. When's the.
• 44:49
  When's the last time a bank warned their customers that they
• 44:51
  might be in trouble? Never.
• 44:53
  It's just the way the system. And how many people are being
• 44:56
  informed right now that their data is being hacked, right?
• 45:01
  I mean, but yeah, let's, let's move more in that direction,
• 45:06
  into that danger before you solve this problem, let's just
• 45:10
  double down on it. You got to have physical gold,
• 45:14
  physical silver outside of the system.
• 45:17
  You can always put it in the system, but you can't always
• 45:20
  take it out. So this is like a critical thing
• 45:24
  and do your own due diligence. Don't take my word for anything,
• 45:27
  but don't take anybody's word for anything.
• 45:29
  That's why in all of my work, I give you the links.
• 45:32
  I don't give you all the research links because you'd be
• 45:35
  reading a book, but I give you all the links, You read them.
• 45:39
  You come up with a different opinion.
• 45:41
  Rock'n'roll hoochie COO. I can't tell you that my opinion
• 45:44
  is more valid, but I can tell you.
• 45:47
  That if you don't do any due diligence and you just have a
• 45:50
  random opinion, no, it is not as valid as mine because I don't do
• 45:55
  random opinions. I do researched opinions.
• 45:58
  Yeah, that's what I like to say that like the especially the
• 46:01
  people again who are watching right now that enjoy my channel,
• 46:04
  like we have the courage to at least pull our head out of the
• 46:08
  sand. It doesn't mean that we're that
• 46:11
  that we're going to make every perfect right decision or, you
• 46:15
  know, but we're a step ahead of a lot of people because at least
• 46:18
  we pulled our head out of the sand, you know?
• 46:21
  So, yeah, Yeah. Thanks, Lynette.
• 46:24
  This has been great. It's been a real, a real
• 46:27
  pleasure. And I really do hope that I get
• 46:29
  to spend some more time with you in the future.
• 46:32
  Well, I've enjoyed it too, so I hope that happens as well.
• 46:35
  I don't manage that piece, but sure, thank you you're.
• 46:39
  Welcome.