The Spot Price Can't Guarantee You Physical Gold, Warns Lynette Zang | Lynette Zang

The spot gold price everyone watches all day may tell you almost nothing about whether you can actually get an ounce in your hands. That gap, Lynette Zang argues, is the real story.Speaking with Kitco News at the Rule Symposium 2026, Zang said the paper-physical split is now visible worldwide, from premiums paid in the East to Hong Kong and Singapore building their own gold clearing systems. She traces it to the 1970s spot market, which she says trained the public to treat gold as a trade rather than money. Her message: "you need to think about gold and silver as money and not a trade."Zang also warned that any future gold confiscation would run through the depositories where most metal is now held, at a Wall Street price she says understates its true value, and argued that stablecoins, which she calls corporate debt, are "a ploy to create an artificial market for the dollar" and fresh buyers for US Treasuries.Recorded July 08, 2026.Special thanks to our sponsor, Aris Mining, for making this coverage possible. To learn more, visit: https://www.aris-mining.com/Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Lynette Zang on X: @TheLynetteZang (https://x.com/TheLynetteZang)00:00 - Paper Gold vs Physical Reality02:11 - The "Strong Dollar" Myth03:52 - The East Takes Gold Pricing Power04:41 - What a Monetary "Reset" Looks Like07:08 - How Money Became Debt09:47 - Stablecoins and the Treasury Trap11:37 - Why Redeemable Gold Matters14:09 - The Silver Dime Lesson15:29 - The Gold Confiscation Risk18:35 - Fiat vs Real Money20:59 - Trillionaires and the Wealth Transfer23:13 - When Inflation Hits Home24:41 - Building a Sound Money Strategy26:34 - The Debt Bubble Warning36:46 - 1971: The Shift That Started It All#Gold #SoundMoney #GoldConfiscation #LynetteZang #KitcoNews__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.