Shattered Trust: Why No Bank is Safe in the Face of the Banking Crisis | The Gold Spot

There's no end in sight to the banking crisis as regional banks fall like dominos. Silicon Valley Bank was the first to go, and First Republic and PacWest quickly followed.

Overall, the banking sector is reeling from record-low deposits as investors lose faith in the credibility of these institutions.

Many investors simply transition their deposits to larger banks such as JPMorgan or Bank of American, but the weakness of the sector is going to hit even the biggest names sooner or later.

The regional banks just happen to fall first because of their smaller sizes. However, no bank is safe from a loss of confidence among the American people.

Smart money has been actively seeking out hard assets in lieu of traditional investments as mainstream markets struggle. In fact, the demand for gold and silver has been straining supplies.

Traditional institutions don’t have the stability to withstand rising stubborn inflation, a looming banking collapse, and the acceleration of de-dollarization.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Precious Metals Advisors Joe Elkjer & Todd Graf explain the regional banking disaster, why the entire sector could be doomed, and where investors are seeking financial shelter.