Lynette Zang and Silver Report Uncut 10-29-2020
RESERVE CURRENCY HYPERINFLATION, IRA STORAGE… Q&A WITH LYNETTE ZANG
Streamed live 22 hours ago
Miranda M: Has hyperinflation ever happened to a world reserve currency before? Can it happen to the reserve currency? If so, how will it affect other countries?
Steve P: If we go into hyperinflation, wouldn’t it be better if we just priced EVERYTHING in ounces?
Wanda P: Lynette, are you going to stay with us through the coming Hyperinflationary event and even after for a time in order to guide us through and help us know when is the right time to use our precious metals? You might get tired of waiting and decide to retire?
Michael H: IRA gold needs to be storage in generally it is not available for actual possession. What is the difference between storing in, or out of USA, if gold is potentially confiscated like in the 30’s with the impending currency reset?
Glenda L: Will US gold ever reach as highs of Millions per oz. like in Venezuela and other high inflation countries? And if so, do we save some gold for that point and time to buy assets?
Las Vegas Sands Getting Out Of The American Market At Distressed Prices, Restaurants Closing Shop
Silver Report Uncut: Oct 29, 2020
The Sands casino's owners is looking to dump a bunch of properties (casinos) on an illiquid market at distressed prices and the crazy part is they just don't care.
The bigger story is they are selling because they are finished with the American market due to what they describe as years of underperformance compared to their casinos in Macau and Singapore so they are going to expand their footprint in these areas and looking for a buyer to unload several prominent properties.
The thing is the hospitality industry has been crushed and no one is interested in buying casinos, in fact, many industry experts are warning the sale of the 3 properties for $6 billion could start a mass exodus of other casinos from the area.
The owner of the Sands said they have come close to approaching break-even in Macau whereas in Las Vegas they are still operating at significant losses and reduction of business.
Another industry going through drastic changes in the restaurant industry and a new trend is restaurants closing their physical restaurants and making their food in what is called "ghost kitchens" and using food truck and delivery service contractors to reach their customers.
These are fascinating and major transformations taking place and the question arises will they ever return to the 2019 style of doing business.