ITM Trading Podcast Swiss Bank Default, Dollar & Gold…Q&A with Lynette Zang & Eric Griffin
Oct 12, 2022
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Dollar's Decline and Market Uncertainty
- The dollar is weakening, but not yet over, similar to the Bank of England's situation.
- The Federal Reserve's commitment to raising rates creates uncertainty in the market.
Gold and Silver Storage Strategies
- Consider private storage facilities for gold and silver, but be aware of potential risks like confiscation and access issues.
- Keep some gold and silver at home as a first line of defense, especially if your holdings are secret.
Swiss Bank Default and Derivatives Risk
- A potential Swiss bank default might not be worse than Lehman Brothers' collapse because it is less of a surprise.
- The interconnectedness of banks through derivatives poses the real risk of a chain reaction.