The turmoil in the banking industry continues.
The collapse of Credit Suisse in Europe has burned quite a number of people.
According to CNBC:
“The $17 billion wipeout of Credit Suisse bondholders has not gone down well in Europe.”
One section of Credit Suisse’s bondholders is set to be wiped out following the struggling bank’s takeover by UBS, causing them to see investments worth 16 billion Swiss francs ($17 billion) become worthless. The Swiss regulator FINMA announced Sunday that the so-called additional tier-one bonds, which are widely regarded as relatively risky investments, will be written to zero as part of the deal.
For the rest of us, protecting our wealth is becoming more urgent and there is one way of doing so.
From Insider Paper:
Silver coins have been around for centuries and have become the favorite of many avid collectors. Silver coins are a great way to start a collection and can be found in various shapes, sizes, and designs. Here are some reasons why silver coins are so popular among avid collectors.
Investing in silver is one of the safest ways to protect wealth as its value tends to remain stable even during economic downturns or market volatility. By investing in silver coins, you can diversify your portfolio and offer better risk management capabilities than investing solely in stocks or bonds.
To read more, go here.
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