Q&A Session with Lynette Zang and Eric Griffin: Understanding Gold IRAs, Funds, and Credit Unions

by | Jun 27, 2023 | Gold IRA | 38 comments

Q&A Session with Lynette Zang and Eric Griffin: Understanding Gold IRAs, Funds, and Credit Unions




Questions on Protecting Wealth with Gold & Silver?
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Question 1: 0:51
Saw your “shift” video. I’m not sure quite what to make of it — I’ve attached an image here to explain. No one else in the YouTube comments section seemed to notice, but no matter how many times I blinked, I couldn’t get Spot to trade below SLV! What am I missing?

Question 2: 06:10
If someone owes $100,000 on a mortgage and the currency is reset what happens? Do you think there will be a period of time where you can pay the mortgage off before it is revalued to the new currency?

Question 3: 07:19
Roll over from IRA stocks to Gold IRA. Does this move work or is it a bad move?

Question 4: 09:43
My family and friends and I are all very concerned about the Bail In’s possibility. Are we relatively safe in keeping some of our money in credit unions?

Question 5: 11:40
What comes first hyperinflation or the reset?

Question 6: 13:07
My question is about my existing 401k balance. My employer’s plan doesn’t give me the ability to invest in individual stocks and has a limited number of fund choices. What type of funds do you recommend to limit losses during the reset and what would you recommend shifting to when it looks like we’re at the bottom?

Question 7: 18:27
Is it wise to pay off your house? What if the Government makes property taxes so high it makes owning your own home a liability?

Question 8: 19:15
What are the tax implications for private sale of physical metals? What is the reported minimum?

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Interview with David Moadel from Looking at the Markets:
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#CreditUnions #Hyperinflation #Stocks…(read more)


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

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GOLD IRA, FUNDS & CREDIT UNIONS: Q&A WITH LYNETTE ZANG AND ERIC GRIFFIN

Investing in gold can be a smart move to diversify your portfolio and protect your wealth. With an ever-changing economy and uncertainty in traditional markets, many investors are turning to alternative options such as Gold IRA, funds, and credit unions. In this Q&A session, we speak with experts Lynette Zang and Eric Griffin to gain insights into these investment vehicles and how they can benefit individuals.

Question: What is a Gold IRA, and how does it differ from a traditional IRA?

Lynette Zang: A Gold IRA, also known as a Precious Metals IRA, is a self-directed individual retirement account that allows you to invest in physical gold and other precious metals. Unlike a traditional IRA, which mainly consists of stocks, bonds, and cash, a Gold IRA provides an opportunity to hold tangible assets.

Eric Griffin: It’s important to note that while both traditional and Gold IRAs offer tax advantages, the key difference lies in the assets held. A Gold IRA allows investors to diversify their retirement savings and protect against inflation and currency devaluation.

Question: What are the benefits of investing in gold through a Gold IRA?

Lynette Zang: Investing in gold through a Gold IRA provides a hedge against traditional market risks. It offers protection during times of economic uncertainty, as gold tends to perform well when stocks and bonds decline. Additionally, physical gold has a history of retaining its value and can act as a safeguard against inflation.

Eric Griffin: Gold IRAs also offer tax advantages. Any gains achieved within the IRA are tax-deferred until distributions are made, typically during retirement. This can be a significant benefit, especially for those in higher tax brackets.

Question: What factors should individuals consider before investing in a Gold IRA?

Eric Griffin: Before investing, it’s important to understand the costs associated with setting up and maintaining a Gold IRA. These include administrative fees, storage fees for securing the physical gold, and potentially transaction fees when buying or selling.

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Lynette Zang: Additionally, investors should do their due diligence and research reputable custodians for their Gold IRAs. It’s crucial to choose a trusted and experienced custodian who can help navigate the complex process of purchasing and storing physical gold within an IRA.

Question: Are there alternative ways to invest in gold besides a Gold IRA?

Lynette Zang: Absolutely. Investors can also consider gold-focused mutual funds or exchange-traded funds (ETFs). These investment vehicles enable individuals to gain exposure to the price of gold without physically owning the precious metal.

Eric Griffin: However, it’s important to note that investing in ETFs or mutual funds means you do not directly own physical gold. Instead, you hold shares in the fund, meaning your investment is subject to the performance of the fund and potential counterparty risk.

Question: How do credit unions play a role in gold investments?

Eric Griffin: Credit unions can offer a reliable and secure place to store physical gold. Many credit unions also provide access to financial services, including safe deposit boxes that can be used for gold storage. These institutions can be an attractive option for individuals who prefer not to rely on commercial banks or other financial institutions.

Lynette Zang: Additionally, credit unions often offer competitive interest rates on loans, which can be useful for individuals looking to finance their gold purchases. This can provide a convenient and cost-effective way to invest in gold.

In conclusion, investing in gold through a Gold IRA, funds, or credit unions can be viable options for diversifying your investment portfolio and protecting your assets. However, it is essential to fully understand the risks, costs, and legal requirements associated with each investment vehicle. Consulting with financial advisors and experts like Lynette Zang and Eric Griffin can help individuals make well-informed decisions and maximize the benefits of gold investments.

Truth about Gold
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38 Comments

  1. 2558jmb

    No one person knows what will happen in the future nor can anyone make suggestions for others, the average individual will never be able
    to purchase Silver let alone Gold either, i say let God be your guide with your Finances only he holds the key to the Future.

  2. William Longbottom

    Can you PLEASE explain how the lines crossed. I have watched the earlier video, and this video a number of times and cannot understand what you are trying to say. I have an engineering degree and familiar with data, graphs and statistics analysis and I am lost.

    However I still believe you are a good presenter and I value your opinions expressed. Thank you

  3. David Klefeker

    Gold is tanking
    Silver going up
    Bitcoin going way up

    Its all about utility.

  4. Karen KSpitzrDesigns

    Can you give some suggestions on where to go to buy physical gold and silver?

  5. Karen KSpitzrDesigns

    So when you suggest that we buy gold/silver is that physical purchase or ETFs that hold physical metals? Also do you consider a stock in a company like google the same as cash? So if we loose all values in currency then that stock will reflect a 0 dollar value?

  6. Wak Cackle

    Even lizards and slugs lay eggs.

  7. ATO GTO

    Let's ask I Yankee. Closed since 2018. The economy saw the spot silver. USA,
    The time to be owner-ship of a business happens yesterday ago, it's marvelous.
    My point, we are in this together.
    What do you think? Alvaro
    "What he thinks in his heart is he." Torah
    My proof, its result included I will be what I will be.
    I need to sell a few because I feel my parents need vacation time.
    In My analysis, why is it most important to buy 20% of my parents' business?
    One reaches inspectional reading comprehension earlier.
    In the future, I will buy Yankee silvers.
    I bought 20% of my parent's business.
    When do I not know when disaster comes? WIll I diversify up to eight, yes Jesus Resurrection way add currency to my pocket? And I need your help "I will be what I will be".
    Have I one Special V-E day diameter 34 99% silver.
    One Welcome to the world diameter 38 99% silver.
    Add $300
    The five talents parable.

  8. CJ S

    People Make sure if you want the Notifications Click to subscribe then click the bell and select all.

  9. not real

    what comes first? the chicken or the egg? answer: the rooster!

  10. ATO GTO

    I have The Year of the Ox diameter 38. A Pegasus 1 oz.

  11. ATO GTO

    Do you think and say that North America is headed to a The New Great Depression by James Rickards?

  12. Asad Hussain

    Hi Lynette and ITM. Love you videos and have been watching for 3 years believe it. I would love if you would have Neil McCoy Ward on your show he's brilliant.

  13. revpgesqredux

    Please detail what happens to individual with a bail-in. Asking for a friend at a Credit Union…

  14. revpgesqredux

    Got unsubscribed, FWIW

  15. Crystal

    IRS outage was a taste of Crypto currency as well.

  16. ATO GTO

    I am turning 23 years in Canada, it's a first time a hear about pattern shift alert.
    is there a pattern shift alert in Canada? why you don't mention the markets in Canada?

  17. ANDY EDWARDS

    She’s top girl. With top info.

  18. Ellen Marlene

    Growing a garden might be your best investment!

  19. Ellen Marlene

    I say support credit unions.

  20. William Marcus

    When selling collectables… Bullion… there is both short term capital gains and long term capital gains… So you have to add the capital gains to your income, but there is a CAP on Long Term Capital gains of 28%, so if your profit margin was over 28% on your long term capital gains you only have to add 28% of your profit to your income for the year….. AT LEAST THAT IS THE WAY IT IS TODAY. At least what I understand, but I am not a CPA.

  21. Ellen Marlene

    I say invest in soil an seeds. Is there such a commodity?

  22. Ellen Marlene

    I LOVE how you talk slowly. Thank you!

  23. DeborahE Newton

    Force majeure: Big Banks first…indeflation: both….

  24. DeborahE Newton

    I keep seeing that Fed Coin doesn't want competition…advise….

  25. olegig

    What comes first the chicken or the egg? Breakfast

  26. NEEMA BORJI

    What are Lynette's feelings on owning multiple rental units that are mortgaged?

  27. Rock IGI

    NESARA / GESARA will be implemented. US has to go back to GOLD back currency.

  28. Mellow Stacker

    I have ducks and chickens, I'd rather eat the duck eggs. Duck eggs are so good.

  29. Quoc Bao

    PSLV and PHYS

  30. H Bendzulla

    Lynette, where do you store your many gold and silver coins? You cannot store all these valuable coins at your home or residence. Can you make any suggestions. ?

  31. Over Reach

    You had nothing about credit unions

  32. Rick Neumann

    The metal place here in Vancouver Canada paying more than silver is worth 39 bucks a oz. but 45 to buy amd they don't have any, BHA hahaha

  33. Timmy Gates

    GME and AMC had another short squeeze today unbelievable………… GME $200 and AMC $11……….

  34. Marilyn Guinnane

    Now that we're no longer a corporation, we are in the midst of becoming a sovereign nation again, the Republic of the United States of America. What does it mean? Well, one thing is no more admiralty law, (no more gold fringe soon on Old Glory,) AND say good-bye to the IRS. This is the last year you'll have to pay income taxes.

  35. BUBBA

    Pre 33 gold still a good value, for the time being

  36. Marilyn Guinnane

    The odds of bullion being confiscated today, with sentiment toward the gov't. already being extremely low, would have to be infinitesimally small. Selling numismatics ("collectibles") isn't always easy. There's a small market for them. Sellers will possibly have to sell back to a numismatic gold store and that isn't the way to get the best price. Moreover, unless you've studied the book on numismatics by the midnight oil as though cramming for a final, you have no idea what you're getting into, people. In my view? It's a racket.

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