Gold & Silver Demand BOOMS 📈 | 2023 Banking Crisis Spreads Globally | The Gold Spot

No amount of empty reassurances from the Biden administration can prevent the banking collapse that’s spreading throughout the US and the world. As foreign banks experience similar instability, many investors are having flashbacks of the 2008 recession.

Over a decade of limitless spending has led to surging inflation which the Fed is combatting with aggressive rate hikes. That one-trick strategy is diluting bond holdings, resulting in trillions of unrealized losses across the banking sector. Now, many banks are forced to realize those losses.

The contagion reached European shores earlier this week as Credit Suisse tapped into a $50 billion credit lifeline from Switzerland’s central bank. European markets took a massive hit in response, mirroring the uncertainty and angst seen in the US economy.

Despite being a global issue, the world’s financial leaders are reacting to the banking shakeup in a disjointed, disorganized, and ineffective way. As the European central bank increases interest rates, the Fed seems paralyzed out of fear of making the situation worse.

Gold and silver demand has reached astronomical heights as investors swarm to the safe haven of hard assets. Everyone is seeking protection and security from a collapsing banking system and fledgling economy at large.

Investors are buying gold and silver at levels not seen since 2020. The surging demand for gold bullion and silver bullion this week is leading to serious supply shortages for favorable gold coins, silver coins, as well as gold and silver bullion bars. Investors considering physical gold and silver need to pull the trigger sooner than later before supplies further dwindle.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Founder Eric Sepanek and Precious Metals Advisor John Karow explain what caused the 2023 banking crisis , how the contagion is spreading abroad, and why gold and silver demand is absolutely booming.

🔗 RELATED LINKS:

🚨 Gold Spot Special Alert – Banking Crisis, Financial Contagion and Your Money: https://www.sbcgold.com/blog/the-gold-spot-special-alert-03142023/

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👉 Buy Gold Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/

👉 Buy Silver Bars in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/