Top Wall Street CEOs and Bankers Express Pessimism About the Global Outlook
Precious metals are vital for safeguarding your wealth. Understand the concerns shared by influential financial leaders and learn how gold and silver can shield your wealth.
TRANSCRIPT FROM VIDEO:
I’m Lynette Zang Chief Market analyst here at itm trading a full service physical gold and silver dealer but really focusing on strategies based upon oh my goodness currency life cycles because a lot of people think about gold as just a trade but is gold a trade no it is not it is an insurance policy that has thousands of years of History so I want to just jump into this because top Wall Street CEOs are downbeat on the global outl so what in the world have you done hold on a second you guys um oh I know why because I goofed up it was not them it was me totally I Own It Anyway this is why I like to do it live because you just never know what’s GNA happen but this came up this morning so I pulled this but top Wall Street CEOs are downbeat on the global global Outlook Wall Street Bankers struck a pessimistic tone on the first day of Saudi Arabia’s future investment initiative saying tight monetary policies so that means and I don’t know that we’ve got this right not not a lot of this going on I mean the Bank of China is doing it but Tight money policies Middle East tensions and the upcoming US elections are clouding the outlook for the global economy and you know not to mention a dysfunctional government and still the war that’s breaking out but the year ahead will certainly present incredible Alpha opportunities but generally speaking will’ll have more of a headwind than a tailwind and let’s look at that and so a lot of people are watching gold up around 2,000 uh an ounce on the spot Market why is this not working properly it went this went back and did what it did before I’m sorry you guys I’m going to have to shut this down and re open it because it won’t let me do anything and I lost my mouse did this earlier today too sorry about that see you get it live and you get it get it how you get it there we go okay so we’re back on track all right so I just need to really remind you why you need gold and silver as well but I’m focusing more on gold and what you’re looking at here is my very favorite graph like if they told me I only had one this would be the one that I would use and it’s the purchasing power graph so it’s the value of what you can buy and debt-based money always loses value over time it’s by Design the difference between inflation and hyperinflation is simply the speed of the inflation if they can keep that slow enough you don’t you don’t question it but the reality is there’s over 4,800 debt-based monies that simply no longer exist and I just have a few of them in my hands and actually I can even do this with the US right I mean this is a Confederate note here’s a gold $10 gold certificate a $1 silver certificate and heck a state of Florida bill that was created and there’s nothing on the back of that so the reality is is that every single debt-based currency that has ever been attempted has gone the way of the dodo bird and this time is not different basically it’s already happened there’s virtually no purchasing power left what’s left is that there’s still confidence in the currency but this is exactly why you buy gold and the sooner you buy it the sooner you hold it the safer you are this is definitely not a time to be thinking oh well spot Gold’s at like 2,000 bucks because the dollar is going away and this is all counterparty risk based on the full faith and credit of whatever government you happen to be looking at and it doesn’t really matter because all debt instruments ultimately have to be rolled over they have to be defaulted on or they have to be serviced or they have to be restructured and and we’re restructured that’s what we’re experiencing right now in the treasury bond market is the whole system is resetting and that started started a long time ago but let’s look at the spot Market because again a lot of people look at this market and they think that this is gold but it’s not gold it’s just a contract and it keeps bumping its head up at this level so we can see that what happens with a lot of people they’re thinking about gold as a trade it’s not a trade it’s an insurance policy to ensure your purchasing power so you certainly can believe that lie or you can actually believe the truth and this is this Market all right what I’m showing you right here and a clear and per consistent breakout because demand has succeeded Supply so we have choices here because gold and silver in any form can I have the full screen thank you uh gold and silver in any form any form at all that’s why you always see me wearing jewelry is that the best way to do it no but I like my jewelry and I’m sure a lot of people out there do look it here are both of my sterling silver Chopsticks which you know I bought at yard sales years ago for like nothing so because gold is the primary currency metal and silver is the secondary currency metal gold and silver in any form is monetary at its base and that’s why you own and you hold gold and silver and that’s why it should 100% of the time be a foundation in a proper properly Diversified portfolio if you listen to these guys in power they want you to think that this is money it’s not money this is money this is money so when we’re looking at the physical only world what we are seeing is a breakout and we certainly know that Global central banks have been buying more gold than they ever have in history since they started tracking it H why because they know that this stuff is also going the way of the dodo bird and if you don’t have physical gold and silver and we go into those cbdcs which we will then you’re going to lose all of your choices and that is what I do not want for anyone so keep in mind this is your wealth Shield physical in your possession last week I showed you the trends the shorter term life cycle Trends in stocks real estate gold and silver if you haven’t watched that yet go back and by the way we are going to be breaking each one of those pieces down into teeny weeny segments so if you have a friend or a family member that’s heavily invested in the stock market or in the real estate market or even in gold and silver I show you we’re going to break that down so there be what do you think Edgar maybe five minute or less videos so nice sharable videos for you know anybody instead of the big long one and this week we looked at uh billionaire hedge fund owners that are concerned because frankly investors should be worried and they’re not I mean it’s crazy to me but they’re not there’s so much complacency out there and maybe it’s because we go from crisis to crisis to crisis to crisis but if you haven’t done this yet click that calendly link below start your own gold and silver strategy and get it executed we are running out of time and having the right kind of gold and silver that meet your objectives is crucial so you got to do it while you have the most amount of choices and if you like this please give us a thumbs up leave a comment make sure sure you subscribe and remember this is your wellth Shield golden silver in your possession because we are all in this together and together we are so much stronger than they are 1% versus 99% pretty easy and until next we meet please be safe out there bye-bye