Silicon Valley Bank, First Republic Bank, Credit Suisse, and several others.
Need I say more?
The vulnerability of these banks is suddenly laid bare for all to see.
Yes, this is gold’s moment. This is gold’s time to shine. In a sense, this is what gold is FOR. It’s the backstop. It’s the ultimate choice for safety.
No wonder we’re seeing the price of gold rise significantly right now.
When banks are looking vulnerable, investors often seek out alternative investments that they perceive as safer or more stable. Physical gold bullion is one such investment.
There are several arguments for investing in physical gold bullion during these times. First, gold is considered a store of value, meaning that it holds its value over time. This is because gold is a finite resource that cannot be produced on demand. As a result, the supply of gold is relatively fixed, which helps to maintain its value.
Second, gold is a tangible asset that can be held outside of the financial system. This is important because when banks are vulnerable, there is a risk that they may fail or go bankrupt.
If this were to happen, investors could lose their deposits or investments. By contrast, physical gold bullion is not held in a bank, and therefore is not subject to the same risks.
Third, gold has a long history of being a safe haven investment during times of economic uncertainty. This means that when other investments, such as stocks or bonds, are performing poorly, gold tends to hold its value or even increase in value. As a result, investing in physical gold bullion can provide investors with a measure of security during turbulent economic times.
Finally, gold can be a highly liquid asset, meaning that it can be easily bought and sold. This is important because during times of economic uncertainty, investors may need to quickly access their funds in order to make other investments or to cover expenses.
By investing in physical gold bullion, investors can have the peace of mind of knowing that they can quickly convert their gold holdings into cash if needed.
In conclusion, if ever there was a time to move some of your wealth into gold, it’s now. We’ll likely see more bank failures over the weeks and months to come. And there’ll come a time when the government can no longer step in and save the day, as the US government did with SVB, and the Swiss did with Credit Suisse.
Hold onto your gold and, if you can, think about getting your hands on some more.