"There is no limit to what a man can do or where he can go if he doesn't mind who gets the credit." - President Ronald Reagan.

Buy The Amazon Kindle Store Ebook Edition

Buy The Amazon Kindle Store Ebook Edition
Get the ebook edition here! (Click image.)

Monday, March 20, 2023

Will Bank Collapses Cause A Run On Gold and Silver?

Above, 2022 Canadian silver Maple Leafs. Photo by Armand Vaquer.

People are anxious over the banking crisis.

They are concerned that their bank savings accounts will go up in smoke, leaving them flat broke. They are beginning to turn to buying precious metals such as gold and silver.

The question arises, will this cause runs on gold and silver, thereby driving up prices?

An article in Yahoo! Finance takes a look at this.

They begin with:

The recent failures of Silicon Valley Bank and Signature Bank, two of the largest banks in the United States, piled on top of existing crises like inflation and the war in Ukraine, have raised concerns about the stability of the global financial system.

As investors search for ways to protect their wealth in these uncertain times, many are looking to precious metals, especially gold and silver, as a safe haven. The question on the minds of countless experts and analysts is whether bank runs and failures could lead to a run on gold and silver, driving their prices up.

The failures of Silicon Valley Bank and Signature Bank have exposed the vulnerabilities of the banking system, even in developed countries. In light of these incidents, some experts are warning that more bank runs could occur, particularly in the face of ongoing global crises such as geopolitical tensions, inflation and economic uncertainty. As these factors continue to shake the financial world, investors are turning to gold and silver as a means of preserving their wealth.

Analyst Mike Gleason of Money Metals Exchange explains in an FXStreet article that bank runs can lead to a run on gold and silver as investors seek to safeguard their assets from the risks associated with traditional banking institutions. Physical gold and silver can be a great choice in these situations because they are considered some of the best safe-haven assets and incur no counterparty risk.

To read more, go here

1 comment:

Gold and Silver said...

Vaultus Gold offers a unique investment opportunity for those looking to secure their retirement with a Gold & Silver IRA. With the current economic uncertainty, investing in precious metals has become a popular choice to diversify one's portfolio and protect against inflation. Vaultus Gold offers a range of IRA options, including Traditional, SIMPLE IRA with the ability to invest in gold, silver, or a combination of both. With Vaultus Gold's secure storage facilities, investors can rest assured that their assets are protected and insured. Start investing in your retirement today with a Gold & Silver IRA from Vaultus Gold.

Search This Blog