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More SVB Bank News from Kitco and MoneyGPS Tuesday 3-14-2023

SVB collapse aftershocks: Expect this for bank contagion, Fed, gold and Dollar - Matt Piepenburg

Kitco News:  3-14-2023

Matthew Piepenburg, Commercial Director at Matterhorn Asset Managment, joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to discuss the ramifications of the collapse of Silicon Valley Bank and Signature Bank including contagion to the banking sector and the Federal Reserve’s next moves

Piepenburg gives his outlook on inflation, the gold price, de-dollarization, and Central Bank Digital Currencies, and what it all means for investors.

0:00 - SVB collapse

11:05 - Bank contagion and government response

19:35 - Federal Reserve policy 26:39 - Gold

34:30 - Fed pause

35:31 - Market rally

39:23 - Social unrest

40:50 - Central Bank Digital Currencies

45:55 - De-dollarization

51:29 - Investment implications

https://www.youtube.com/watch?v=Duv3jJeKqdc

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Is SVB the Beginning of a Global Banking Collapse?

MoneyGPS:  3-14-2023

$100BN wiped off US banking market in SINGLE DAY as former White House adviser calls it 'tip of the iceberg': Bloodbath on Wall Street saw regional banks fall by up to 60% and the Big Four drawn into SVB's collapse contagion

 Trading was intermittently halted on at least 20 regional banks as the velocity of money forced regulators to intervene as fear gripped Wall Street

Sell-off hit the Big Four trillion-dollar banks: Citigroup's share price dived 7.45%, Wells Fargo sank 7.1%, Bank of America plunged 5.8% and JP Morgan fell 1.8% Former Trump staffer Steve Moore warned:

'The system is sound, but I do think you have a lot of major banks that are in some trouble'

https://www.youtube.com/watch?v=nZ39xp_EX54

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