Securing Your Money Amid Global Turmoil, Banking Secrets & More | Q&A with Lynette Zang
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
Have questions about acquiring gold and silver? Call: 877-410-1414
Viewer Questions:
Question 1: 0:36
When the treasury/debt market implodes, what will happen to the various government money market funds which have short-term money in them? And will you be able to get your money out without a loss?
Question 2: 3:13
I recently heard George Gammon talk about the ongoing bank issues, and that the fed bailout is continuing quietly, even more than it was last summer. Do you think the bank issues are due to the fed interest rate hikes or to the change in Basel agreement with the amount of assets on hand increasing to cover risk? What is going on behind the scenes?
Question 3: 6:40
If by next December the ten-year yield hits ten plus percent, would that be enough to collapse the world financial system?
Question 4: 9:07
If at some point the price of gold or silver rises sharply and I want to sell to pay off my mortgage, will I have to pay capital gains tax first?
Question 5: 10:10
I hear from many sources to get your money out of the bank. Where is it recommended to put your money other than gold and silver? Are the Money Market accounts safer than the checking and savings accounts?