Gold pushed up to $1935 today following a massive news week for not only the equities but banking sector. After the collapse of Silicon Valley Bank and the subsequent shutdown of Signature Bank, concerns grew among the investing and saving community. The question now is will contagion spread to other banks? Only time will tell what happens next. The Fed can continue raising interest rates at the same pace, putting large financial systems at risk. Or they can pause on raising interest rates, potentially losing control of inflation. No matter what happens, you as a saver and investor can protect yourself from both market crashes and bank failures with gold. Thanks for listening.
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