How Do We Protect Our Money? Exclusive Interview for OP Readers

I often get questions when I write articles about the lack of trust I have in the banking system. While I do have my own financial strategy, it’s not one-size-fits-all. Financial security is so incredibly important, and I don’t feel comfortable offering advice that I’m not really qualified to give.
That’s why I recently asked email subscribers to send in their questions for Lynette Zang of ITM Trading. ITM is the place I trust the most for my own financial preparedness, so why would I go anywhere else to seek advice for you?
Lynette spent a long time answering your questions, plus the ones that popped up when we were talking. I hope that you enjoy this interview and find it useful when setting up your own financial preparedness time. Our economy is in big trouble, and we need to focus NOW on how to survive the crash.

You may note that some questions weren’t answered – we got to all the ones that Lynette felt comfortable discussing in generalities. If you have specific concerns that are unique to your situation, or if you want personal advice, it’s very easy to get. Simply go here and set up a time to speak – for free – to one of Lynette’s financial advisors. They will help you to create your own plan, based on your circumstances, your money situation, and your goals. There’s no cost for this consultation and absolutely no obligation. Even if you choose not to make a change after the call, you’ll leave it with valuable personalized information.

I strongly recommend taking the time to do this before Christmas rolls around. I can’t help but think the other shoe is about to drop, and I think back to all the times shady things get passed or occur over the holidays when nobody is paying attention.

Let me know what you think of the interview in the comments!

Daisy Luther

Daisy Luther

Daisy Luther is a coffee-swigging, globe-trotting blogger. She is the founder and publisher of three websites.  1) The Organic Prepper, which is about current events, preparedness, self-reliance, and the pursuit of liberty on her website, 2)  The Frugalite, a website with thrifty tips and solutions to help people get a handle on their personal finances without feeling deprived, and 3) PreppersDailyNews.com, an aggregate site where you can find links to all the most important news for those who wish to be prepared. She is widely republished across alternative media and  Daisy is the best-selling author of 5 traditionally published books and runs a small digital publishing company with PDF guides, printables, and courses. You can find her on FacebookPinterest, Gab, MeWe, Parler, Instagram, and Twitter.

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  • Wow! I love Lynette. Subscribed to her YT channel a long time. Lynette and Daniella Cambone have put themselves out there for so many years interviewing, disseminating, and teaching folks. But Lynette is my favorite. That woman is tougher than a woodpeckers beak. I hope you do more interviews on this site in the future. Especially on economic issues.

    • It’s not as simple as up and down. I would say that it’s the value of the dollar that goes up and down, and gold reflects that.

    • I was wondering about that, but we can’t eat gold or silver when we run out of food and are hungry. Hummm…To bad there is no way here for the deaf or people with a hearing impairment (like me) to get this same info that they get on a phone call. I can hear good enough on a phone b/c of post polio syndrome. It messed up the cochlear in my ears (yikes). It says to pick a time to CALL, but calling is NOT possible for everyone. Hope you find out about the gold and silver.

      • Wandakate,
        Your denial or your old excuse will not save you. If you have no silver coins to buy bread, cheese or meat, what will you do when you go hungry? Will you go begging or practice prostitution and catch some ugly diseases?
        Considering the future fate of fiat of dollar bill , you could use to start a fire because paper dollar burns very well, just watch this: https://youtu.be/5Q5u2EbzE7k?si=i7bBoXDE7Smf5dQB

      • That’s why you need friends. You sit next to your friend who makes the call and you discuss it together. Relatives can be good, too.

      • You would be surprised how many people used their gold jewels down here in Venezuela to start a business or buy a land patch that puts food on their table…

    • Yes, it can, although it hasn’t been a normal situation since we came off the gold standard. If you look at any of the charts you’ll see that both gold and silver spiked in 2011/2012. This was, I believe, due to panic buying associated with the Mayan calendar and fear generated by end of the world predictions. After that time both gold and silver prices fell precipitously. But, in general this was an abnormal situation caused by unusual circumstances. Since that time both have been in a relatively steady and almost predictable trend upwards.

      You will hear many people say that they really don’t change in value – and in many ways they don’t. What you could buy with an ounce of gold 500 years ago is about what you could buy today with that same ounce of gold. They simply maintain their value. Ups and downs in their price are actually more a reflection of the value (or lack of value) of our fiat currency. As our fiat currency becomes worth less – gold and silver become more valuable, relatively speaking.

    • Yes, the “value” of gold and silver go up and down. Certainly relative to paper money. And yes, purchasing power goes up and down as well. The purchasing power of gold dropped in half during the California gold rush because supply rose. After Nixon closed the gold window, and citizens could own it again, gold rose to $800 an ounce and then crashed to $300. But gold and silver are much less volatile than almost anything else.

  • In the past I have been a long time skeptic of PMs.
    However, Daisy and a few other articles on the subject have changed my mind.
    But as Daisy has pointed out in the past, PMs are not for every day trade. But if we get to that point, man, has the world changed.
    Rather PMs are a long term storage of wealth. The idea of some kind of drastic event occurs that my PMs never see them return to purchased value has not escaped my mind. In that kind of event, my children might see it.
    Otherwise, get as debt free as possible.
    Purchase quality over cheap.
    Hand tools. A tap and die set. Keep a supply of nails, PVC, wire, etc. on hand.
    I recall one person commenting how he was hanging out with a guy with brushcraft experience. He was excited to show him his ability to start a fire using a bow saw. The guy looked at him and said, “Why? Use this.” and handed him a Bic. The point, have more than one way to start a fire aside from learning the old friction method.
    I know there have been arguments about having physical books on hand vs. a thumb drive. I just like having a book on hand, and not needing a gizmo to read it.
    And of course, skills, skills, skills! Good investment in skills that cannot be learned by a book, namely those of the medical kind, or firearms. SHTF or post-SHTF is not the time for OJT.

  • Actually, there is a way to use precious metals (PMs) for routine every day purchases. A few years ago the GlintPay people in the UK extended their service to the USA, so you could use a Mastercard from them, backed by however much gold you might choose to purchase … that’s safely stored in a vault in Switzerland. Their US support office in Colorado told me this last summer that to set up an account them one needs either a smartphone or tablet that can run Android 6 (or newer). They also said they are working on developing some software compatible with a desktop computer. They have a few videos on YouTube under the channel name of Glint. Their website for the USA is

    https://glintpay.com/us

    I have two concerns with them. Mastercard in the USA sometimes turns political and prohibits a few types of purchases. Whether that could affect the Mastercard that UK business issues for use in the America is unclear. The other issue is the dependence on the power grids of which the US has three — eastern, western, and Texas. A power outage means no transactions until power is restored — just like charge cards already, or digital money on its way.

    Historically having gold offshore has been a major benefit. In 1933 when FDR confiscated gold owned by Americans (which he immediately marked up for the government’s thieve’s profit) there were two types he didn’t touch: high value gold coins with numismatic value (owned by his high-dollar supporters) and gold owned in other countries over which he had zero jurisdiction under US law. Of course in 1933 there were no charge cards, no rural electrification, no digital money, and no blockchain technology. Today that’s all changed.

    What has not changed is government’s hatred of competition to government theft of the money’s purchasing power by counterfeiting — which (prior to Lincoln’s unCivil tax war) had a death penalty from the 1792 US Coinage Act. Today the SEC is already trying to destroy multiple crypto currencies by enough oppressive regulation and/or court fights. A crypto user today needs to know how to set up a non-custodial wallet and which cryptos are compatible with the greatest of secrecy. And of course, the majority of people still don’t use, understand, or accept cryptos yet.

    Benjamin Franklin wrote in his autobiography that the prime cause of the American Revolution was the British prohibition on the American colonies issuing their own money — which had been facilitating a booming economy. That was a threat to the 1690s-created Bank of England which had a monopoly on counterfeiting British money (often to steal purchasing power to fund foreign wars).

    Today there are several videos on YouTube about how people survived hyperinflation in various foreign countries. They are worth watching. Today as rapidly as the Biden administration is promoting spending trillions of irresponsibly counterfeited money, our challenge is NOT how to save as much money as possible … but to convert as much as possible quickly into things, assets, skills, et al that can’t be counterfeited. It is instead how to conserve and grow as much PURCHASING POWER as possible before government steals all they can.

    –Lewis

  • Thankyou Daisy for hosting this presentation. I have benefitted greatly from this information. I may have to discuss my situation with a financial advisor

  • Well, this guy tried to do the right thing, would not lie, and got fired for it.
    This is the kind of guy trying to protect your money.
    The people who wanted him to lie, they on the other hand want to take your money.
    Former WSDOT economist accuses state leaders of retaliation for refusing to lie about gas prices
    https://www.king5.com/article/news/investigations/former-wsdot-economist-accuses-state-retaliation-for-refusing-lie-gas-prices/281-09151707-2976-48e2-bdd5-c65e36a52aac?s=09

  • There are a couple of very good practices we always should be aware of:
    * Redundancy
    * Diversification
    Manage your situational awareness properly and apply these two practices and you should surf the rough waters unharmed. Your economy in the US has been so stable that Venezuelan fellows I know have been there thriving. They have to work their backsides off, but that´s to be expected when you migrate…

  • Thank You Daisy for this valuable and excellent interview with Lynette Zang. A very good idea.

    Lynette said she has been studying currency cycles for many years. Can you ask her to recommend a book or books on currency cycles. I believe this would be valuable to know for all of your followers.

  • Great interview, and thank you ladies! Did I just miss this, or did Lynette make a suggestion regarding purchasing a certain a particular type of silver? Coins, rounds, govt. mints, etc?

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