Silicon Valley Bank, First Republic Bank, Credit Suisse and now also Deutsche Bank is risking. How to save our money?
That’s a question I widely talked about with some people in Bologna on Friday, the ones I am organizing a big Italian congress with, where I am the Scientific Director of the Congress and I will be the Moderator of it as well. I will share pictures when it will be held!
The Swedish Pension Fund Alecta closed a position on the First Republic Bank stocks with a loss of more than 728 million $ on a total position that Alecta has on FRB of 862 million $.
First Republic Banks price drop was caused by the default of the Silicon Valley Bank that filed for bankruptcy on the 17th March.
Then the time for Credit Suisse came, where a hole of more than 200 million of dollars was found and the Swiss government stated that the Bank was too big to fail so the UBS issued money to Credit Suisse to save it.
My question is: if the hole was caused with the actual management, how can the direction of such bank be different in the coming years from the previous ones?
Then comes the Deutsche Bank, that lost about 25% of the stock value in the last month
Source: https://www.marketwatch.com/investing/stock/db
Besides, the Italian branch of Deutsche Bank Financial Advisory was absorbed by Zurich Italia, creating a Bank Area for Zurich that was before just into the Insurance field. But Zurich is still another Swiss related Financial institution, meaning that Switzerland can potentially face further troubles in the coming weeks.
What to expect next?
I honestly do not think that the bank hurricane has already finished. I expect that some more banks will (nearly) face collapse.
What precautions we should carefully observe?
Cryptocurrencies on wallet and physical Gold are my best choices at the moment.
Source: Book written from the author (Italian only): https://www.amazon.it/gp/product/B085RTL8JD/ref=as_li_tl?ie=UTF8&camp=3414&creative=21718&creativeASIN=B085RTL8JD&linkCode=as2&tag=mikezillo-21&linkId=c897b9e8f294dfd79c1c52a436cbbb8b
Keep in mind what happened to Venezuela with the hyper-inflation vortex: they rushed into cryptocurrencies when it was almost too late, and they had to buy cryptos through local Exchanges, paying them much more than what they were really worth on other public exchanges. When they tried to take Gold out from the country, it was seized.
Take action NOW before it’s too late, understanding how to protect your money and resources.
Let's catch up on the next content to get deeper into it!
