Gold Price Future into Global Financial Crisis Part 2
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SUBSCRIBE to Our Channel: https://www.youtube.com/c/sdbullion?s... - A happy new year to you and yours! - To finish 2022, this week, we'll look around the world at key gold price charts as we move toward another likely global financial crisis part two.
We're not alone in thinking another global financial crisis is inevitable. Financial leaders who regularly meet at the USA's Federal Deposit Insurance Corporation, are also hard at work in hopes they will be prepared for the resolution of the original 2008 crisis, which was merely papered over by bailouts and delayed bankruptcies to come.
The following are some brief excerpts from the FDIC's Systemic Resolution Advisory Committee's meeting from early November 2022.
The current FDIC problem bank admitted asset size has ballooned this year. And the shape of their data and this graphic suggests the USA and the world might be sleepwalking into eventual financial spillover events, which can be boiled down to stressful timeframes when seemingly everyone increasingly wants their capital back.
Given the tone of this FDIC meeting from last month, I will again leave a link in the show notes below describing the current bank bail-ins laws, and how prudent bullion ownership can help individuals protect wealth if and when these laws are put to use systemwide.
Bullion as Bank Bail-In Wealth Protection:
https://sdbullion.com/legalized-bank-...
That is all for this week and year. Overall I remain very positive for precious metals next year, and hopefully in the many years to follow.
Have a safe and Happy New Year!
As always, to you out there, take great care of yourselves and those you love.