Gold Prices Spike Amidst SVB Bank Failure In Event Mirroring Expert Predictions

Global Gold Research Staff

March 13, 2023  Santa Clara, California-based Silicon Valley Bank (SVB) collapsed last week, threatening to leave many startup tech firms unable to meet payroll or continue operations, in what one CEO described as a potential “extinction-level event for startups.” Stock exchanges today halted trading of several other midsize and regional banks, citing SEC rules requiring a pause when a stock triggers a threshold of volatility or price change. Stocks affected include First Republic Bank, down 77 percent, and PacWest Bancorp, down 53 percent.

Prior to the run that led to its collapse, SVB had been the 16th largest US bank. Its downfall marks the largest bank failure since 2008 and the second-largest in US history. In the same week, New York-based Signature Bank was shut down by regulators, marking the third-largest in US history. Together, these events have triggered shockwaves through global markets.

Reuters reports the events have triggered the biggest rush into bonds since at least 2008, and gold prices had risen $42 dollars by midmorning in an investor flight to the safe-haven asset. These reactions are consistent with closely-watched predictions by analysts including Sean Brodrick and Martin Weiss, two experts whose work Global Gold has shared with clients extensively since 2019.

If these events represent a harbinger for these and other experts’ predictions, gold could rise as high as $7,000 amidst an era of hyperinflation and financial collapse. Comparisons to the 2008 financial crisis are already being made, and Brodrick and Weiss have warned of even more dire consequences.

News of bank failures should certainly make private investors worry, and the sudden spike in gold prices should prompt many to convert savings and other bank-held assets into physical holdings of the yellow metal. Similarly, a conversion of equities including stocks and mutual funds is to be expected, and demand for gold, silver, and other precious metals can be seen as moves by private investors to shield assets and wealth from dysfunctional financial markets. Given the bull market for gold that followed the 2008 crisis, it also signals a recognition of the unmatched profit potential gold and other precious metals can present in times of financial and economic stress.

Now is the time to act, to put your money into gold as history stands on the verge of repeating itself. A series of bank failures presents the strongest argument for converting cash deposits to physical gold that can be made. Our experts urge you to not wait, but act now while your assets are liquid and metals prices have entered an upward trajectory.

We have portfolio plans available for any level of asset reallocation. These portfolios balance safe haven protection of your money with opportunity for stellar profits. Call now - don’t let a repeat of 2008 losses destroy your savings and investment holdings!