401k and Physical Gold: Preparing for Hyperinflation
Eric sources questions from Lynette’s viewers and Lynette responds with organic and unrehearsed answers. If you have a question for Lynette and Eric, please either submit your question through YouTube, Facebook, Twitter, or email to questions@itmtrading.com. If you enjoyed the Q&A with Lynette Zang, please like, subscribe, and share in order to help Lynette fight the fiat money disease!
Have questions for the Q&A, email us at questions@itmtrading.com
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Question 1: 2:04
My wife and I rolled our employer plan 403B over into a Gold IRA – this was before we saw the Q&A episode where you stated that you cashed your 401K out, paid the taxes Etc., and bought physical gold with the balance. Is there any recourse now? Next steps? I believe we must hold the Gold IRA for a minimum of 3-years?
Question 2: 7:47
If the government does decide to confiscate gold, what will happen to ITM inventory and your business?
Question 3: 11:38
I’m 25 years old and have been a long-time listener. Do you have any advice for young adults in my age group on investing in their future? I have a 401k with a 8% match contribution but I don’t feel good about it. Should I take my 8 percent elsewhere? What do you recommend to the young adults in America wanting to invest that don’t trust the fiat dollar?
Question 4: 22:36
As a retiree, it is difficult to see that purchasing power and standard of living can be maintained. If more gold is needed to “buy a loaf of bread”, how is that helpful in retirement?
Question 5: 31:25
How long do you believe the hyperinflation period will be roughly? Then afterwards is it a 10 year recovery?
Question 6: 33:11
Will the Treasury bond market affect retirement IRAs? Are they taking our money from them?