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 [Music] [Music] I'm Charlotte McLoud with investing news.com and here today with me is Lynette Zing Chief Market Analyst at itm trading thank you so much for being here oh thank you for having me oh of course it's always really good to catch up with you absolutely very good and so we spoke a year ago at this same conference we're here at VC in Vancouver and the theme of your presentation this time around is currency life cycles I thought that was a great place to start because we also

spoke about that in that last conversation we had so for me I really liked that the title of the talk directly asks where are we because I think many people understand we're going through this dollarization process but maybe they don't know how far we've come and how far there still is to go so if you you could touch on that well first I'd like to say that it's not just the dollar it's every single Fiat government-based money on the planet this is the end of that Trend cycle and

yes we've been moving in that direction for a very long time but I think that what we've seen last March and April with the breakdown in the banking system and the major volatility in the 10year treasury that even though we've been looking at the liquidity issues in the treasury market since 2015 um they've gotten a whole lot worse I mean you know major Traders this is supposed to be the foundation of the global market and major Traders have to sell or Buy treasuries in ity bitty

pieces in order to not create this whipsaw so where we are right now um we've also since the last time we spoke look at what's happened with interest rates and so when you have a debt based system and walls of debt that need to be uh reset and you've got interest rates up substantially for the from where they were when this debt was taken out which was in zero interest rate policy what you've got is a tectonic shift and I think that we could start to feel the um problems with it as early as this spring

moving into the summer because there are so many different program programs government-based programs on treasuries and you know and and the jury rigging of the interest rate benchmarks I mean just there's just a big laundry list uh so you know quite honestly I can't guarantee because that's certainly not something that's within my power but I could easily see the um central banks inability I can see a crisis coming up as early as this spring moving into this summer and um that's what they need to

justify that shift so yeah we're we're at the very end very very good overview of where we're at right now and it does sound I'm I'm getting from you and from other people at this conference that it's we're heading into a year of a lot of uncertainty oh M yeah and I'm I'm wondering okay so for I like to always relate back to what can we know what can we do today so for investors what what can we know about 2024 moving forward we've got the FED we've got inflation

we've got this recession question going on is there anything we can know with some certainty Yes actually what you can know with absolute C certainty is that good money so physical gold physical silver in your possession is the single safest thing that you can do to protect yourself from all of those issues plus so many more and when you take a look at what the global central banks are doing doing and the fact that they've bought more gold than they ever have in history should also tell you that they are

preparing for the very end of the system so I mean that's really what you can do plus you want to be as independent and self-sufficient as possible because if you are fully dependent upon the Fiat money system that government-based system and the system goes down what do you do you've got to do whatever they tell you and we're going into a full control really like a feudal system where you just have a few people that own everything and everybody else that rents and so what do you need to do food

water energy security barter ability wealth preservation community and shelter and I would honestly say you know the gold and the silver are the foundation of your wealth so you've got to have that but you know I in 2008 and we spoke about this in 2008 I knew that the system died and that's when I built my urban farm and started executing the rest of my Mantra and so um you know knowing that it's at the end I had the luxury of time right I did that in 2010 that's 13 years that I've been working

on this we don't have that luxury of time anymore and so what that really brings to the four was the other part of my discussion today which is community and I think that we really need to tackle that from two areas one would be local so that you can ensure that you have food and your water and and all of that so your local farmers your Dairy Farmers your food you know your vegetable Farmers Etc get to know them maybe even volunteer so that they know who you are because should another event

like we experienced in 2020 March and April should that occur again and you can't get food if you know your local farmer you you are more likely to be able to eat right so the local community is critically important but in order to combat what these Central bankers and governments have in mind for us that feudal system we have to come together in a global community and I've I've realized since the last time that we spoke that that's really what I need to talk about a lot because we do we vote

with our wallets so if you keep all of your wealth inside of their Fiat money system and that crashes what choices do you have but if you can create an environment where you are independent and self-sufficient you have those choices and if on a global basis there are more of us than there are of them and wow what if we all came together and and positioned ourselves so that when they want to shove those cbdcs down our throats we can say nope we got good money nope this is not a problem and we have all of those other needs met

as well so coming together in a global Community to buy gold and silver and say nope we are not accepting your Fiat money and we are certainly not accepting your full control and full surveillance money that's what we can do and I have a lot of hope I mean that's really what we have to do as quickly as possible really interesting I think to hear those thoughts on community and I agree it's so important I wanted to ask you a little bit more about that because we're in a world where we're so connected it

seems and yet so we're here in Vancouver this is where I live and one thing I hear all the time especially from younger people is it's so hard to make connections so I wondered if you could speak a little bit more about that and how people can actually put themselves out there make those connections that they're going to need to have there well there are a number of different ways that you can do it on one of the ways is meet is meetups what are you interested in and it's it's pretty easy in any

local community to find different pockets of those same people in fact here at the show we met two women that are building a local community actually around the beauty industry right so it doesn't really matter what you're interested in there are going to be groups of people that are also interested in that um if you are about learning how to or or putting yourself in a position where you can feed self they're Community Gardens and in fact um we have in in our community so in my company and which is definitely a

community we have two people that actually know how to build those local communities much better than I do so if you do a search Lynette Zang then we've got some things that are in the works that will help you not just see what we're doing but see how to do it in your local community okay very very useful to know about that and thank you for going over that and I'm going to go back to Gold so yes of course we know that that you value gold very highly and I always hear that when we get to that 2000 level

that we're at right now PL when more people will get interested so but it doesn't seem like we're quite there yet so I'm curious to know what you're seeing as we move toward these circumstances you're describing is that interest going to be coming oh that interest is actually already here and while it's hard to see it in this spot contract Market because they can create as much gold as they want to that does not nor ever need to exist in the physical Market we are having major breakouts whether it's at

the and especially at the upper end of it where an ounce of gold somebody might spend you know $15 million on an ounce of gold which is not something that I personally do but I want to be in that category CU those are the people that get to write the laws and the rules and it's harder to confiscate should they make the choice to do an overt confiscation right so we are actually in the Physical Realm already seeing that in the paper realm what we are seeing is like a quadruple top where spot gold

will go up hit a hit a point drop down okay but we're also seeing a breakout there it's having a lot more challenges because all they have to do is create more gold and all of a sudden the market goes oh look at how much more gold there is and so that is a way of confiscation because what it's doing is hiding the truth but demand Supply Dynamics are such that and and especially in silver physical silver as well the supply demand you know is completely catmus right and it doesn't

make any logical sense at all all but why because they can create a whole lot of gold and silver that doesn't exist now one thing that gives me a lot of indication of where we are in that is and I I don't know if we had that in Co Canada Costco which is a big Warehouse right and what have they been doing they've been selling little 1 o gold bars and it's a limit of two but as soon as they post it boom they're out the door so what I'm seeing is that the public absolutely is they everybody kind of

feels that something's wrong and we're being told oh look at this inflation it's under control well it's not really you know in certain areas maybe the rate of inflation is calming down a little bit but that I believe is going to be shifting and it it's already started to shift around the world so as far as gold and silver is concerned when I see see the public buying the 1 o little bars from Costco as quickly as they can list them on the website that gives me a lot of Hope and and and is an indication

that you know people are are waking up okay very good point on on Costco unfortun not to forget that so and because you mentioned confiscation so I know that we talked about this in our previous conversation but we had a viewer right in with a question about that and I'll read you the question okay and it's could you discuss why some people like nette make it a priority to collect the pre-1933 points is there really a danger of confiscation this is this is what people are wondering you know I'll tell you what I always look at

everything and I say what if I'm right and what if I'm wrong the reason why I personally believe so much in the in the uh pre-33 collectible coins is because of my Uncle Al who was a major antique dealer and um back east in New York and one day my parents and I were at his house and he said come here I want to show you something and he had two tall floor safes and he opened up those saves and you couldn't fit even one more ounce of gold in there they were stacked now I was 10 years old and so I didn't really

understand it but that was 1965 and it was illegal at that time to hold more than five ounces of gold in any other form than the way that he was is holding that so you know we'll go back to the ultra Rarities where someone might spend $15 million on a qu you don't have to do that but I think that it's so critically important for everybody to understand what the true value of any asset or any instrument is because ultimately that's where it's going to go right so since they can

create and manipulate the price of gold and we see global Central Bankers buying more gold gold than ever and we see the physical Market breakout in the higher level coins as well as the lower level coins um you know I I can tell you that without any doubt in my mind the true value of an ounce of gold right now is somewhere north of $155,000 so you know what what happens is when the demand for the physical Market uh goes up then the premiums go up and then what do people say oh I don't want to pay those premiums right

but if you don't pay $115,000 for a coin and the more debt they grow the higher that number goes then it's a bargain so and and if you're looking at stocks or bonds and and look at the stock market's going up oh look at this aren't I doing well but if the purchasing power value of the currency is going down and it is it's going to zero then what do you have a bunch of paper like the Zimbabwean dollar that you can't do anything with you can't convert it into any Goods or

any services so whether or not they do an overt confiscation is really the question because they've been doing a covert confiscation the way they tax it the way they make it look so to keep you away from it that's a covert confiscation and desperate governments do desperate things I mean it really is that simple and we've seen mind nationalization and especially in Canada you know with with so much mining that's going on and yes the miners know if they're in in an emerging market that

the governments can nationalize they can do sear charges and taxes in all different things but guess what they're doing the same thing here in Canada so even you know people need to understand that confiscation By Any Other Name Is Still confiscation so I personally am more comfortable I don't spend over fundamental value for any coin well I might I might for legacy gold right which is gold that I'm going to pass down through generations but other than that and there's all different kinds of

gold that I use depending upon what I intend to do with it other than that I never go above fundamental value and so it doesn't really the premiums don't mat none of that matters because I know I'm getting a bargain okay I think that's a really helpful answer for everybody out there who is wondering about that and I know we've talked a little bit about silver today and I remember of course you value it for its bability I was going to bring it up because I know you'll be on the silver

forecast panel I put STS later today and people get so frustrated about silver and think about the price and just going back to what you said about Bargains right so maybe maybe your thoughts over I mean it's absolutely ridiculous the supply demand uh Dynamics are even probably a little bit more caddy Wampus in silver than they are in Gold because silver has two functions right it is a monetary metal it's the secondary monetary metal but it's also an industrial metal and and again those spot contracts it's cheap it

doesn't cost barely anything to create however much silver they want to create so yes I mean the supply demand Dynamics really tell you everything you can see it in the gold with the central banks but you can see it I mean before I left to come here the spot Market was at 22 bucks I mean that's a joke that that is absolutely a huge joke but don't they use those spot markets to create that frustration it is not Wall Street that is going to tell you the true value of anything that is pure

speculation and it's designed to keep you in the system and make it easier to rob you so don't believe the lies don't believe them and and everybody you know not everybody can afford gold they they should there's fractional ways so you really do need both and gold is the primary currency medal and that's how they reset a currency they take this Fiat money that has no intrinsic value and they reset it against gold money that is all intrinsic value but when you're talking about silver as the

secondary medal I mean we're going into in my opinion and also based on the technicals that I'm seeing because this is something else that's happened since the last time we spoke I always pay attention to monetary velocity that's the speed at which Money Changes hands and it can indicate whether or not an economy is really stimulated and um I had been saying that because it peaked in 1997 so that was really the last time that taking on more debt was actually stimulating an economy

and it's been dropping off a cliff ever since so what we've seen just recently is that it is moving up in a very pervasive way and so for me when I see that because I pay close attention to it I believe that the hyperinflation has already begun it may not be obvious to everybody because they're going to spin it this way and they're going to spin it that way but just go on the Federal Reserve f d go on that website and put in monetary velocity and you will see that it is spiking in a pervasive way and that's

like an early warning sign so goes back to where are we in this cycle it wasn't spiking when you and I last spoke now it is spiking in a pervasive way so that's that's where we are don't believe the lies their job is to lie to you and keep you in the system don't believe them very important reminders and you know just as we're wrapping up here one point you made you know not everybody can afford gold right and especially with inflation at such high levels right now you hear about so many people who have

paycheck to paycheck they they can't say much maybe they can't save anything right now they're in debt I wonder if you have advice for people in that situation how how do you how do they prepare well you know what gold and silver in any form is monetary at its base right and so um I've accumulated quite a bit of particularly silver because sterling silver is 92 a half% pure right so um I used it's not as easy today as it used to be but I used to go to yard sales and pick it up for nothing

because people go I don't want to polish this I'll polish it right and so you can you know I found it in like secondhand stores because people just don't understand uh Mexican silver is also 92 and a half% pure so the way that somebody in those circumstances can accumulate I I've also had clients that will go to the bank and buy a roll of Dimes or quarters or something like that they'll sift through them if you look and you see copper in the middle right then it's clad so you look for

pre-1964 dimes quarters half dollars and I've had people that will go to the bank buy buy a roll of Dimes whatever go home go through them pull out the silver ones and maybe you're going to get one two or five or nothing right but then they roll it back up and they take it back back to the bank and they exchange it for another one so you then you're paying a dime for something that if you had to buy uh you know if you were buying them from a dealer or something like that you'd probably be paying I don't know

because I haven't checked lately but maybe you know 22 bucks worth or something like that so or $2 something like that but that's another way for people to be able to accumulate that don't have a lot of money is just go keep changing it out at the bank and you'll get what you get but you know a Bessie silverware salt and pepper shakers doesn't matter if they're bent or broken or Tarn who cares doesn't matter it's monetary at its base so yeah that is a great way yeah I I love this

answer and I like speaking with you because you always make me feel like maybe maybe it's hard but we can we can do we can do this yeah so yeah can I also say this that's also the importance of community right if you can get uh Associated and develop a community okay maybe I bring in the gold and maybe you can lay maybe you can lay irrigation and work in the gardens and and maybe somebody else can do plumbing and you know build things and and all of that so I think that's why for me a little bit

different because yes gold and silver is the foundation of your wealth but Community is arguably the most important piece in the Mantra because of where we are in this trend cycle so yeah it's tough out there come together and support each other okay I think that's a wonderful note to end on so thank you so much for coming on to talk about gold and silver as well as all the other topics that we discussed really great to hear from you well I appreciate you having me on I really do thank you okay and once again

I'm Charlotte McLoud with investing news.com and this is Lynette Z thank you for watching if you like this video make sure you subscribe to our Channel we'd also Al love to hear your thoughts so leave us a comment below we'll see you next [Music] time