ITM Trading, Released on 2/18/20
Slides and Sources: https://www.itmtrading.com/blog/gold-…
Question 1. Travis: Since the silver to gold price ratio is out of wack, wouldn’t that mean that when the price of gold goes up then the price of silver would increase and then silver would need to increase more beyond its initial increase? So why do some people feel that gold is a more solid form of insurance?
Question 2. Kris S: Let’s assume we’re heading dollar collapse and gold reaches price of $60000 and I would like to sell it. Who is going to buy it at that price? Dealers are not obligated to do that and it will be really hard to sell anybody else at that price.
Question 3. DK: Is it worth investing in gold to protect dollars in the short term? I am saving $9,000 to use within 6 to 9 months. Which is wiser, keeping the cash, or buying gold to sell back into dollars in that short time?
Question 4. Robin B: My concern is that if I hold sufficient fiat money to see me through two years of uncertainty I will suffer loss each time the dollar is devalued during that period. Would it not be better to keep the fiat money to a minimum (to cover my expenses for 2 or 3 months based on a 50% devaluation) and then resell some of my gold/silver when I have need of more fiat money, and keep on doing this until the reset is over?
Question 5. Rick J: Economists keeps saying that the Fed can control only short-term interest rates, not long-term rates. If the Fed is the buyer of last resort, they should be able to control any interest rate?
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.