Another Step You Can Take

1 year ago
11

Based on my understanding of various articles and sources, it appears that the recent run on Silicon Valley Bank (SVB) and the lack of deposit insurance for over 90% of its deposits could have wider implications for the banking system. Other banks may also be at risk, and this could potentially lead to a global contagion.

The situation may prompt the federal government to consider creating a central bank digital currency (CBDC) as a possible solution.

Additionally, recent actions by China to add to its gold reserves and sell US Treasury securities have raised some concerns, particularly given the precedent set by Russia before its invasion of Ukraine.

While it is not investment advice, some suggest that individuals should consider ensuring their bank deposits are FDIC insured and diversifying their investments into hard assets like property and precious metals. Mineral property may also be a viable option to consider for its potential monthly cash flow. Ultimately, investment decisions should be based on personal circumstances and goals.

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA, or financial advisor and I am not giving legal, financial, or tax advice.

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