JAPAN, SILVER & FED REPO…Q&A WITH LYNETTE ZANG & ERIC GRIFFIN
Question 1: Over past several months the Fed Repo operations have been at 0. Last 3 weeks they have been active and last week every operation was over $100 BILLION! Today Monday May 3 it again was over $100 BILLION and all using treasuries as collateral…no MBS anymore! Is the Credit system in trouble?
Question 2: How would my life and financial transactions change when the world goes to the SDR reserve currency?
Question 3: For the past year or so I have been buying silver rounds, silver eagles and pre-1964 90% US silver coins. Am I better off buying the 90% US silver coins and the silver rounds because the premium is closer to the paper spot price?
Question 4: What do you think of the idea that our economy is more likely to end up like the Japanese economy because of the dollar’s reserve currency status? In other words, perpetual stimulus, no meaningful inflation, and stagnation? If that happens, how would it affect physical silver and gold?
Question 5: How did Lynette use her gold to buy her bug out house? Did she change it to cash first or did the buyer accept gold? How common is it for sellers to accept gold rather than cash?