My name is Jay Martin, and welcome to This Week in Mining.
We are set up for a historic decade in the commodity sector, this show will be the central source of information and study for my portfolio strategy. It will be a place where myself and other investors from the sector will stress test our ideas and discuss where we are allocating capital.
If you want to build or improve your mining investment portfolio, then this is the place to do it. Every Wednesday my guests and I will be here to answer questions, and we will ride this market together, sharing our best ideas for making money in the mining and metals market.
If you are building a portfolio in the mining and metals industry – why do it alone?
Join myself and dozens of other experts from the commodities sector every Wednesday and let’s navigate this industry together.
Every Wednesday, right here on the VRIC YouTube Channel, at 2pm PST, 5PM EST
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LEARN MORE ABOUT: Precious Metals IRAs
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
REVEALED: Best Investment During Inflation
In the latest episode of “The Weekly Insight with Lynette Zang,” titled “This is How They Will Confiscate Your Gold!,” renowned economist and precious metals expert Lynette Zang delves into the potential risks and threats faced by gold investors in today’s volatile economic environment. With increasing concerns over the stability of fiat currencies and the escalating debt levels globally, owning physical gold has become more popular as a means of safeguarding wealth.
Zang begins the episode by highlighting the historical precedent of government confiscation of gold during times of economic turmoil. She points to the infamous Executive Order 6102 issued by President Franklin D. Roosevelt in 1933, which forced American citizens to turn in their gold holdings to the government in exchange for paper money. This drastic measure was taken in response to the Great Depression and the need to stabilize the US dollar.
Drawing on this historical example, Zang warns that similar measures could be implemented in the future to prop up failing economies and bolster central bank reserves. She emphasizes the importance of being aware of the signs that could precede such confiscation efforts, such as capital controls, currency devaluations, and restrictions on the movement of wealth across borders.
Zang also sheds light on the various ways in which authorities could potentially go about confiscating gold from private citizens. This could include outright seizure, imposing punitive taxes or fees on gold ownership, or even nationalizing the entire gold industry. She stresses the importance of being proactive in protecting one’s gold holdings and diversifying into other tangible assets such as silver, land, or even cryptocurrencies.
Despite the looming threat of confiscation, Zang remains optimistic about the long-term value of gold as a hedge against inflation and economic uncertainty. She encourages investors to educate themselves and stay informed about the evolving financial landscape in order to make sound decisions about their wealth preservation strategies.
In conclusion, “This is How They Will Confiscate Your Gold!” serves as a timely reminder of the potential risks associated with owning gold in today’s complex economic environment. By staying informed and taking proactive steps to protect their assets, individuals can better safeguard their wealth and weather any storm that may come their way.
How to keep Physical gold safe is a question. But buying houses seems easier.
Is my gold and silver in a bank in Dallas via the Hartford group safe
When did we stop fighting? There are always wars and fighting in the world and these two geniuses have discovered that today's war are proxies. Not worth listening.
The word in this case it’s not “justify”, rather, it’s “explain “. Only one scenario justifies war.
Different world now. Most of the people that own gold have guns. I don't think the government is big enough to mandate a door to door confiscation. Won't happen. January 6th 2021 is a perfect example as to why it won't happen and the government knows it. It's one thing to piss off a few but it's another thing to piss off everyone.
I lost thousands of dollars with GLDG and Blue Lagoon mining, nothing but pump and dump in my opinion. These miners should be investigated in my opinion. The youtubers should also be accountable for shilling them.