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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (147267)	3/14/2023 9:17:45 AM
From: Goose94	Read Replies (1) \| Respond to of 205758

Gold: Silicon Valley Bank is collapsing after an old fashion run on the bank. After depositors withdrew over US$42 billion from the bank, SVB did not have the liquidity to meet its cash requirements. U.S. bank regulators were forced to shut down the California-based institution on Friday due to the bank not being able to meet its obligations. In similar circumstances, Silvergate Capital, a central lender to crypto currency, announced on Wednesday that it will be winding down operations and liquidating its assets. Signature, which also had a strong cypto focus but much larger than Silvergate, was also seized on Sunday evening by banking regulators. Investors are worried that other banks may face similar issues due to contagion risks. It is still too early to tell what ripple effects this will have on other financial institutions. With all that is happening, demand for precious metals have skyrocketed as investors flock to the safe haven investments. Sprott Money load up physical Gold