The memories of the last big financial crisis 15 years ago have not yet faded, and already a new storm seems to be brewing in the financial skies.
Two bank failures within a few days in the U.S. and the forced by emergency law takeover of Credit Suisse by UBS let the investors immediately flee to safe havens such as gold.. The gold price reacted strongly to the events of the last few days and rose significantly. The precious metal thus confirms its reputation as a crisis protection.
Should the crisis spread further and once again turn into a liquidity crisis, a large amount of precious metal could once again be thrown onto the market to protect liquidity. This would lead to a short-term price correction before gold and silver would start a new rally.
Keep part of your assets in physical gold and silver to protect yourself against inflation and crises in the long term. We will be happy to advise you.