Banking Concerns and Potential Problems on the Horizon in China
Starting around two weeks ago with the Silicon Valley Bank meltdown, there has been an enormous amount of buying from both new and existing customers who are concerned about the foundations of the banking system here in the US and around the world. We have never preached doom and gloom, but it is easy to see why these thoughts are justifiable and at the forefront of investor mindsets.
The recent banking crisis coupled with inflationary pressures and rising interest rates have caused gold to break to multi-year highs and as of this writing, gold is on the threshold of breaking the highly psychological $2K per ounce barrier. Many think this could cause gold to rise even higher on momentum buying. Gold has risen over $160 an ounce in the past month alone!
Silver remains highly undervalued in our opinion—currently in the $20-$25 an ounce range (with the gold to silver ratio at 87)—an obvious gift to those who know where to look for absolute value in today’s market.
Our latest edition of the Hard Money Investor is available now. Inside you will learn about three key drivers we believe will push gold and other precious metals to new market highs. In addition, we share key information about what’s going on behind the scenes in the physical metals market so you can prepare yourself for what’s to come.
