Lynette Zang and Greg Mannarino Wednesday PM 2-16-2022
STOCKS, LIBOR & GOLD…Q&A with LYNETTE ZANG
Feb.16, 2022
Question 1: Most of our money is tied up in the stock market in IRA’s and employer retirement savings. My husband and I still work and we are ages 67 and 66 respectively. Should we take the retirement savings out of the market and pay our taxes (which would be substantial) right now and buy Gold and Silver? If yes, should we pay these taxes right away or wait to pay with the Gold next year.
Question 2: Lynnette has mentioned the transition from the Libor to SOFR benchmark. A credible online lender wrote an article written last year discussing this, and it's stated no rate change will be made on fixed-rate mortgages. Does Lynnette have other information that existing fixed-rate mortgages will be changed in terms of forcefully adjusting the rate and terms?
Question 3: When the economic reset unfolds, do you think corporations will go bankrupt? Will the employees’ jobs and pensions be lost?
Question 4: Obviously gold and silver are good for the long run, but can you suggest anything other than cash for small item barter in case that becomes necessary?
Question 5: Would a few 1/10 of gold get thru a crisis...enough to eat and pay property tax? That's all I can afford.
Meltdowns, Superspikes, Geopolitical Events, Media, WAR, Elections- All Controlled By Central Banks.
Greg Mannarino: Feb 16, 2022