as Legal Tender & What Happens When Everything's Digital!

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Consultant Submitted Questions:

Keely:
Where, and how do I liquidate? How will I know that ITM or Bullion companies, jewelers or pawn shops will be around - what does that look like? 1:01
So, do I go to a store and they weigh the metal for an exchange rate? 4:53
Will I have to convert to banks for the new digital currency? 5:59

François (aka Frank) Lebel:
What would trigger a country reset vs a world reset? and what would that mean for the price of Gold and Silver in regard to the fundamental value of each? 7:31

Martin:
A customer has a question about legislation concerning gold and silver being legal tender in certain states.
What does it mean for states that do not pass legal tender laws? (EX California) Can they purchase anything outright with gold and silver? 9:52

Ronald Carter:
What will you do when the government or whole world goes digital? Gold and silver will not save you..Cash is gone..You can no longer buy, sell, travel, pay taxes, transfer your wealth to family.. I feel it is coming faster than we all know.. 10:58


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By ITM Trading's Lynette Zang

Call Us Direct for Long-Term Gold & Silver Strategies: 877-410-1414

ITM Trading Inc. © Copyright, 1995 - 2019 All Rights Reserved.

#Gold #Silver #LegalTender

[angoli]

My Grandfather was a General during the Chinese Civil War (1945 - 1949) fighting on the losing side (Kuomintang / Republic of China) of the military conflict to the Communist Party of China.

In order for him and his family to survive this ordeal (the Communist party would have executed him if caught), he was forced to flee to Taiwan in 1949.  

The only items he deemed valuable and necessary when he fled from China to Taiwan was his wife, their (3) kids, the clothes on their back, his revolver, and whatever family gold (wealth) that could be carried to start their new life.

This family gold was the instrument that allowed him to prosper in Taiwan.

To the day my Grandfather died, he ALWAYS...ALWAYS...had a stash of gold somewhere in his home.

[CritFablesNetwork]

I live in utah, Gold and Silver is already considered currency here. We don't have pawn shops selling PMs we have legit coin shops. I can liquidate directly into goods or assets here, If I wanted to.

[mopaine]

If we're in a situation where you have to pay for groceries with silver, good luck making it back to your car with them.

[TheComicsDen]

Where do we see the price heading in the next 3- 6 months of silver ?

[whitespacemarines]

@10:58 Ronald asks the best question I have heard yet.

And I Must say, this is the first time that I STRONGLY disagree with Lynette!

I am assuming that Ronald MAY be referring to the idea of the Mark of the Beast. I (Personally) see this as being inevitable, as I assume Ronald does.
I see Lynette, as completely either ignoring this belief or thinking it is fake or side stepping it.

Either way, there ARE those of us who believe it will happen, ...."Some Day". It COULD Happen within our life time. Or, ..it could happen in a thousand years.
But no matter what way it happens, we should try to understand what Ronald is actually talking about. Normally, I would agree with what Lynette says, but this is TOTALLY a DIFFERENT set of circumstances that we are talking about.
We are talking about this: "so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name."

The only answer I would have for Ronald is this: There probably would be a black market that you MAY be able to trade gold and silver on for a while. But eventually, these metals would be unable to sell or trade with. And if you continued to try, "They" would either turn you in, ....Or, ...you may Automatically be turned in and suffer the consequences.
Ultimately, and eventually there would be no where to go.
That is why the Ultimate currency is faith in Christ.
He IS the living water.

[garylhorn]

Lynette, I don't know why it is we need to continue to be controlled by the global central bank system during and after the reset, considering that the Constitution doesn't even allow for a private Central Bank to control our money supply. And so why could we not simply get rid of the Federal reserve, which is now under the Treasury Department, repudiate the debt and do our own reset with a gold-backed US dollar, which wouldn't be exclusively digital?

[malcolmi]

I love listening to you and Lois Vogel-Sharp. I feel smarter and have the best knowledge to protect myself and my loved ones!

[eric]

Thanks, obviously others are thinking about the viability conversion of gold/silver to digital currency. So your responses to these questions addressed what I had sent in earlier. I also appreciated your honesty by saying you can't guarantee anything regarding such a conversion, but this is what you think is your best shot.

[phenox]

if the electricity goes coin will not work....credit cards won't work...what will????

[jasjas]

If we get rid of currency think of all we will not be able to do. No working under the table, no cash gifts, no tipping etc...

[ScuffyMelbourne]

I agree that gold traders will, in a Free Market economy, likely be around forever. But not so if we live in a ONE WORLD government environment.
In that NWO scenario the possession and pricing of precious metals can easily be controlled.

[samantha]

Very good questions about gold selling

[CashFlowForever]

I came for the intro music. ( and amazing insights ;-) )

[DigitalAscensionGroup]

They won't confiscate. You'll be able to tokenize your precious metals on the ledger and be able to use it to purchase even just 1 penny, bc of the same decimal places she spoke about in the beginning of the video

[eileenkenny]

Stay ahead of the curve. Popping the derivative bubble- new bretton woods- debt jubilee- collectivisation of property.

[robertherdman]

The recent Basel 3 Accord has classified Gold as a Tier One Asset. JP Morgan said to Congress a long time ago that "Gold is money, everything else is credit." That came from one of the owners/banks of The Federal Reserve. The flip side of credit is debt.

[petergracemeguide]

What's the view on bullion franked with status of legal tender does it have to be turned in / confiscated?
Does foreign legal tender fall into this risk too?

[wesbutler]

Just found you this past week and am enjoying your candor and knowledge!

[mikehill]

Most grocery store major deliveries happen between midnight Thursday and midnight Saturday, Prices adjust Saturday, Monday and Wedbrsday noon. Durables the same!

[nathancharleson]

OK, I purchase gold today and take possession of my gold. However, I believe there is no absolute guarantee that I can cash out when it hits $15, 000 or more. There could be rule changes (“windfall profits tax”), monetary changes, government who knows what, etc.

How would one go about using gold for exchange of payment in the future or converting it to fiat currency without profits being stolen by Gov't?

A side note: Since the intrinsic value of metals doesn't change, one cannot even imagine how worthless the dollar will be with gold at $15, 000 or more!