Silver Skyrockets as U.S. Economy Faces Breaking Point: A Closer Look

Porter Stansberry, founder of Marketwise, links the surge in silver prices to an impending collapse of the U.S. banking system rather than just increased tech demand.

He highlights how top investors like Warren Buffett have sold off major bank stocks due to a $1 trillion deficit in bank balance sheets, caused by rising interest rates devaluing long-term bonds. Stansberry warns that institutions like Bank of America face significant losses if rates exceed 5%, potentially triggering a banking crisis.

This fear of financial instability, he suggests, is driving the rise in silver and gold prices.

Clever Robot News Desk 22^th October 2024