Lynette Zang: How Global Central Banks are Handling De-Dollarization Fears

ITM Trading, Released on 7/18/23

There was just a major pattern shift in Global Central Banks deciding to move their Gold holdings home as a flight to safety. And then, in almost perfect harmony, the US Dollar Index falls below a key technical support level, making it even more clear what’s about to unfold. I remember when the Dollar Index fell in 2007 (also in July) and I called to warn my mother to pull her stocks out. This was the first time I said “something nasty this way comes”. She pulled half her money out, then called me in February of 2008 asking me to look at her statement saying “There’s got to be something wrong here”. I said no Mom, I warned you, this is an erosion of your portfolio. 96% of Central Banks say their “Safe Heaven Asset” is Gold. They are getting ready for this, are you? They now only want physical gold in their possession, do you? Let’s uncover what’s happening with the US Dollar and break down the exact same strategies the banks are using to protect themselves as we speak…coming up!

0:00 De-Dollarization
3:07 Primary Currency Metal
6:15 Spot Gold Market
10:16 USD Index
13:19 US Dollar to Peso
15:07 Purchasing Power of Consumer Dollar
18:58 Gold Holdings

Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to come together in community in order to survive and thrive through the hyperinflation she sees in the near future.

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