Huge Gold News From Central Banks! How Many Ounces of Gold & Silver are You Holding? – Lynette Zang

Huge Gold News From Central Banks! How Many Ounces of Gold & Silver are You Holding? – Lynette Zang

The World Gold Council recently revealed a historic milestone, reporting that central banks have bought a record high of 374.1 tons of gold in a single year. This surge in gold purchases aligns with Russian President Vladimir Putin’s call for increased gold acquisitions, advocating for a “fiscal fortress” strategy emphasizing high reserves and minimal external debt. Additionally, the People’s Bank of China disclosed its 15th consecutive gold acquisition in January, adding 10 tons to its existing gold reserves, which now stand at 2,245 tons.
According to Lynette Zang, a noted financial analyst at Lynettezang.com, central banks are discreetly acquiring gold at unprecedented levels while discouraging the public from following suit. Zang suggests this dichotomy exists to maintain control and dominance over the financial system. She advocates that individuals should consider diversifying their investment portfolios by purchasing gold and silver to safeguard their wealth and freedoms.
In a noteworthy development, Zimbabwe is taking a bold step to stabilize its economy by introducing a gold-backed currency, diverging from its currently low-value currency, largely sidelined by businesses favoring the US dollar or South African rand. Finance Minister Mthuli Ncube proposed linking the exchange rate to a tangible asset like gold, which could manage liquidity growth and curb exchange-rate volatility.
However, Zang notes a key issue with Zimbabwe’s central bank’s digital currency, where individuals cannot convert it into physical gold. Zimbabwe’s currency has depreciated by a staggering 87% over the past year due to rampant inflation, underlining the country’s economic challenges.
Lynette Zang, known for her contrarian views on precious metals, believes that silver’s current price, approximately $22 per ounce, is substantially undervalued. This view stems from the metal’s scarcity and indispensability in numerous industrial applications. Zang argues that while silver’s spot price may increase in dollar terms, the ultimate goal should not be to amass more dollars, as fiat currency is steadily losing value.
The opening price of silver on a particular day stood at $22.75 per ounce, marking a 2.98% increase from the previous day and a 4.92% decrease since the beginning of the year. This volatility underscores the unpredictable nature of silver’s price movements.
Despite this, Zang remains cautiously optimistic about the future of precious metals. She believes that as awareness about the value proposition of gold and silver grows, their prices could significantly surge. Zang’s bullish outlook on silver comes as the metal managed to maintain critical support at $22 an ounce and is now testing initial resistance at $23.50 an ounce. Additionally, the price of silver has gained 7% from its recent lows.
Michele Schneider, the director of trading education and research at MarketGauge, shares Zang’s interest in silver and remains neutral on gold. This stance suggests a balanced perspective on precious metals’ future trajectories.

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Physical gold there’s a finite amount with digital gold there’s an unlimited amount and it’s cheap and it’s easy and it’s fast to create and it’s really all about perception management we’re all you Central all these Global central banks are buying more gold than they ever have historically but they don’t want the

Public to do that why are they doing it because they know they’re destroying the rest of the purchasing power in the currencies and they want to remain in control and power people need to have the physical medals in their possession the world gold Council recently revealed a historic Milestone reporting that central banks

Have bought a record high of 3741 tons of gold in a single year this surge in Gold purchases aligns with Russian President Vladimir Putin’s call for increased gold Acquisitions advocating for a fiscal Fortress strategy emphasizing High reserves and minimal external debt additionally the People’s Bank of China disclosed its

15th consecutive gold acquisition in January adding 10 tons to its existing gold reserves which now stand at 2,245 tons according to lyette Zang a noted Financial Analyst at lyette z.com central banks are discreetly acquiring gold at unprecedented levels while discouraging the public from following suit Zang suggests this dichotomy exists

To maintain control and dominance over the financial system she Advocates that individuals should consider diversifying their investment portfolios by purchasing gold and silver to safeguard their wealth and freedoms in a noteworthy development Zimbabwe is taking a bold step to stabilize its economy by introducing a gold-backed currency diverging from its currently

Low value currency largely sidelined by businesses favoring the US dollar or South African rand Finance Minister meulan Cub proposed linking the exchange rate to a tangible asset like gold which could manage liquidity growth and curb exchange rate volatility however Zang notes a key issue with Zimbabwe’s Central bank’s digital currency where

Individuals cannot convert it into physical gold Zimbabwe’s currency has depreciated by a staggering 87% over the past year due to rampant inflation underlining the country’s economic challenges join us as we delve into insights shared by Lynette Zang to stay updated with our latest uploads subscribe to our Channel and activate

Notifications thank you whenever you see gold trading at these kinds of visible highs it still doesn’t reflect its true value but it does get more eyes and so if somebody’s been sitting with you know gold it’ll bring that back onto the market but additionally how easy is it to use gold

Contracts instead of gold yeah if you are a Trader and that also speaks to the next part of the question is why hasn’t it gone up because in the FI in the physical Market there’s a finite amount but in the paper or the digital Market there’s an infinite amount yeah and as

We know a rising gold price is an indication of a failing currency and you know if you look at what the global Central Bankers have been doing you know again they’re buying more physical gold than they ever have historically because I always go back to this currency’s life cycle and the fact

That the system the debt based system really died in 2008 they just had to you know we we could have a little contest here right but they just had to print out you know as much paper as they could to make it appear that everything is

Hunky dory push the stock markets to new highs speculation and all kinds of things to new Highs but but that’s really the answer with physical gold there’s a finite amount with digital gold there’s an unlimited amount and it’s cheap and it’s easy and it’s fast to create and it’s really all about

Perception management we’re all you Central all these Global central banks are buying more gold than they ever have historically but they don’t want the public to do that why are they doing it because they know they’re destroying the rest of the purchasing power in the currencies and

They want to remain in control and in power exactly the same reason why individual ual you know need to be buying gold and silver so that they can retain their freedoms and their power and their choices gold is good money right this other stuff this is just

Garbage this is just debt money and when you’re looking at what’s happening you know here yes technically gold continues to go up hit that top but again a rising gold prices in indication of the failing currency they can create as much digital gold as they want so they can push it

Down uh but they’re losing that Steam and I’m gonna see if this works can you see the spring yeah we certainly can once it once it breaks then I don’t know that that worked great I have to find a better spring but when it breaks that

Resistance level at the top then yes it shoots in a direction and in reality it has a couple of times for a moment broken that top so to see it go up in the contract even if it doubled even if it tripled even if it quadrupled it would still not be

Reflective of its true fundamental value the place that you find that is in the physical only Market that’s where you find that now I’m not sure about you’re going to know this better than me um if there’s been a noticeable change in the premiums because of that that greater

Demand because in the physical markets that is a true supply and demand Market where I see it quite easily is in the collectible physical Market because that is less influenced actually it’s not influenced at all too much I mean some of the lower qualities are but but Prim

That is not as influenced by the spot Market as say just like a raw coin or bullion is could we see it double this year sure but would that still be a bargain uhhuh uhuh absolutely that will still be a bargain and it’s going to be interesting to see what is done by

November in the spot Market you just have to I mean look at what’s happening in Zimbabwe right they brought out the gold back gold back cbdc but you can’t convert it into the physical medal a year earlier they brought out the 1 o Zimbabwe gold coin for those people that

Actually could afford it to protect the last bit of Destruction that they’re doing in their currency but the public the general public has still lost all confidence in the currency that’s plummeted what 87% in the last year and that’s against this stuff the green back that is dealing with inflation so

That’s losing value too Lynette Zang known for her contrarian views on precious metals believes that Silver’s current price approximately $22 per ounce is substantially undervalued this view stems from the metal scarcity and indispensability in numerous industrial applications Zang argues that while Silver’s spot price may increase in dollar terms the

Ultimate goal should not be to amass more dollars as fiat currency is steadily losing value the opening price of silver on a particular day stood at $22.75 per ounce marking a 2.98% increase from the previous day and a 4.92% decrease since the beginning of the year this volatility underscores the

Unpredictable nature of Silver’s price movements despite this Zang remains cautiously optimistic about the future of precious metals she believes that as awareness about the value proposition of gold and silver grows their prices could significantly surge zang’s bullish outlook on Silver comes as the metal managed to maintain critical support at

$22 an ounce and is now testing initial resistance at $23.50 an ounce Additionally the price of silver has gained 7% from its recent lows Michelle Schneider the director of trading Education and Research at Market gauge shares zang’s interest in silver and remains neutral on gold this stance suggests a balanced perspective on

Precious metals future trajectories let’s get back to the interview I looked at the spot price of silver shortly before I came in for this interview and it was in in US $22 in change I mean that’s laughable yeah that’s laughable you you know the premiums on Silver is ridiculous because where gold is

Recoverable silver is not recoverable so we’re using up the limited supply of silver that we have here so I would agree 100% that the that the cup formation That Base that accumulation that it’s building is the mother of all but where I always kind of Veer uh

Because if you’re thinking of it in terms of dollars let’s say it goes back to 40 to1 or even goes to 20 to1 or whatever it might go to when that does indeed happen I think there’s going to be a greater a awareness and you’re not

Going to want to convert it into this garbage that buys you absolutely nothing and you know that’s where I think that a lot of people kind of Mis understand what’s really happening in here because it’s not gold or silver going up in terms of this if you convert it into

This it’s not stocks and bonds or anything else that you can only convert into this and that’s the difference between say stocks and bonds and say gold and silver right if what you’re holding you can only convert into government money and the government money like in Zimbabwe nobody wants it

They don’t trust it it doesn’t it doesn’t matter what happens with the ratios or the spot price or any of that with gold and silver since they’re money without anybody dictating that they’re money and they are there’s lots of historic preceden but again going back to its usage what’s more important to me

Is how I’m going to be able to physically use these myself as a tool of bter when we enter that hyperinflationary depression because at that point nobody wants this they want this we talk about inflation so oh okay the CPI data in the US or anywhere else is running hotter inflation is

Stickier well yes it is um but therefore the central banks can’t lower their interest rates and so they’ll use that as an excuse to push down the visible price the paper price of gold right yeah yeah when the reality is I mean that’s just a trading excuse it it doesn’t

Really even make any sense because when I look at the monetary velocity so how quickly this stuff changes hands right what I’m seeing has me extremely alarmed because that monetary velocity is spiking in a pervasive way look Maybe I’m Wrong maybe I don’t know anything but the reality is

Is I do believe without a doubt in my mind that the hyperinflation that we’ve been talking about has already begun and that yeah this inflation will prove stickier yeah like fly paper sticky you’re not getting rid of it period end of discussion and and so people need to

Have the physical medals in their possession because when that happens it’s like slow slow slow them boom fast Zimbabwe’s move to introduce a gold-backed currency is a bold step towards stabilizing its economy however issues with the central bank’s digital currency not being convertible into physical gold have been highlighted what

Impact could this development have on Zimbabwe’s economy and its citizens share your thoughts in the comment section if the video resonates with you join our community by subscribing to our Channel and enabling notifications with the Bell icon thank you for being a part of our community