#top2017
Today’s Guest: Lynette Zang
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ITM Trading
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Stolen Vid?
Backed by gold or backed by tungsten…I guess tungsten…stop the fear mongering. You guys are so wrong on everything you have zero credibility. The dollar will be the last currency standing and then it will fall after all the others.
Do you think an SDR cryptocurrency, backed by gold, will arise? Is is possible that all the nations currencies will be in this basket of currencies, each proportional to the amount of physical gold and silver they possess?
Lynette says the value of the dollar has lost 96% of its value. And this is since the founding of the FED a little more than 100 years ago. This is in line with other opinions on the value of the dollar.
Right now the gold that was in Ft. Knox was transferred to the Federal Reserve as collateral on the debt. It is currently in the sub-basement at 33 Liberty St. in New York City. This is the address of the Federal Reserve Bank of New York.
Ft. Knox is empty of pure gold. The gold that is there is from melted down coins, which is 90% pure.
Crypto's is just another Ponzi Scheme. I'll pass.
"What will trigger the crash?" I don't know what will trigger the crash, but I do know you'll see it in BitCoin first. BitCoin is the canary in the coal mine of this asset bubble.
BULLSHIT! on Friday, March 30, 2018 the spot price of gold DROPPED from $1,245 US dollars to $1,225 US dollars per Troy oz. The Dow Jones, S and P, and NASDAC were UP! Follow the money, NOT YouTube pundits and forign propagandists.
really well explained,thanks
bankers should be put on trail for crimes against humanity
Its not the banks fault. The banks were trying to save the system as much as they could. They lied and ponzie schemed the worlds' population for decades trying to keep the dollar afloat. When foreign bankers came to america asking for their gold. american banks defaulted and claimed the gold was no longer there. And instead, offered to sell treasury bonds. What the hell can you do with treasury bonds? You can get more dollars when those bonds mature. What the fuck can I do with dollars? You can buy more treasury bonds. And that is the ponzi scheme we live in today.
https://www.5yearcharts.com/wp-content/uploads/2017/04/gold-100y.png
Gold suffered big losses in 2015. But the idiots who held onto dollars thinking it would ever climb back against gold were always wrong. Gold started at 32 dollars an ounce and jumped to 800. Fell to 300 an ounce and jumped to 1900. Fell to 1300 an ounce. And thats where we are now. Imagine the idiot who held onto dollars back when gold was still 32.
Betting against america is always a profitable bet.
You can't hack gold
this sounds like bs
Don't fool yourself. Central Banks created the Cryptos.
well, $10000 or $50000/oz for gold … that is based in the, debased/dying, fiat currency … kinda like the deutchmark in the 20'-30's … a wheelbarrow full to buy a loaf of bread. metals better than nothing, but you aren't going to be an instant 'wealthy' person. if you can protect it you can 'tread water' for a while.
To the normal man gold and silver will be worth nothing if everything falls. Goods….items you need will be worth gold! Coffee, sugar, meat, useable items is what I stock. I have some silver but it's not my #1.
and gold / silver did what?
this old cunt doesn't know what she's talking about, what a dumb FOOL. All her facts are inaccurate
at 29:35 he states, that a company can pay their employees with out the use of a bank by "paying" them in crypto. How does the company acquire the crypto that they are paying their employees without the use of an financial intermediary?
May I ask what can you buy with cryptocurrency that is of value that is not digital garbage which is equally as useless as cryptocurrency?