Post by
seveneleven711 on Mar 10, 2023 12:09pm
A thought/question for the weekend
What will happen to the price of gold, metals and materials if more banks begin to fail?
Comment by
metalhead666 on Mar 11, 2023 6:15pm
If it forces the FED to fold gold will go parabolic. The $ will sink, all "faith" in the stupid central bank will evaporate, people will seek a sanctuary and it won't be bitcoin.
Comment by
templetooth2 on Mar 12, 2023 6:27pm
They go down, too. We saw this situation in 2008. Citi and Bank of America stock prices went from the mid-40's (Citi) or high 30's (BAC) to less than $1. Going to less than $1 is of course a far cry from going bankrupt, but in those frightening times, every asset that had a bid got hit. Including gold. In a panic, there's NO PLACE to hide.