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Gwen Preston – “Banking Crisis: Why Gold is the Ultimate Safe Haven” (Video)

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Gwen Preston – “Banking Crisis: Why Gold is the Ultimate Safe Haven” (Video)

 

 

 

 

 

In this video, I discuss recent bank failures and how central banks are creating new avenues to shore up liquidity in the banking system. Interest rates have been ramping higher, causing uncertainty and chaos. European bank stocks are struggling, and depositors in the US are pulling large deposits from small banks due to fear of a contagion spreading. Despite all this, gold is shining as a hedge to uncertainty, up about 9% since this situation got underway. As the banking crisis spreads, gold is expected to perform even better. It’s already up more than 20% since last fall, which marks an official bull market. Gold has gained an average of 86% before the market ends, which is marked by a 20% loss. An 86% gain from the October low would put gold over $3,000. While I’m not betting on that, we are happy to bet that gold gets to $2,500 per ounce this year. Once the crash happens, opportunities will move up, and industrial metals will be chief among them. Until then, gold’s time to shine. Be sure to like and follow below for more updates.

 

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Courtesy of the Resource Maven

Posted March 27, 2023

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