Surviving the Impending Banking Crisis

10. **Oil Price Increases**: Higher oil prices can strain your bank and retirement accounts by increasing daily expenses, contributing to inflation, affecting investment returns due to market volatility, influencing interest rates, and harming economic conditions and job stability. Gold and silver protect your money from higher oil prices by preserving its value during inflation, offering safety during economic uncertainty, and reducing risks from oil price swings and currency devaluation. Gold and silver widespread appeal assures stability even in the face of volatile oil prices. 11. **Bank Term Funding Program**: The Bank Term Funding Program (TFS) involves insolvent banks, borrowing substantial sums, with record borrowing reaching $108 billion this year. This money is due to be repaid in March 2024, and it's used to support their daily operations. In times of financial stress, gold and silver serve as safe-havens, preserving your wealth outside traditional banks. Physical gold and silver protect your wealth when banks, including potentially insolvent ones, borrow substantial sums through programs like the Bank Term Funding Program (TFS). They preserve your wealth by retaining value, acting as safe-havens during financial stress, and diversifying your assets beyond traditional banks. Importantly, there's no counterparty risk, meaning you don't rely on anyone else's liability for the security of your precious metals. 12. **The Deposit Insurance Fund**: The safety of your money in the bank is an illusion. Let's break it down: the FDIC manages “The Deposit Insurance Fund,” which holds a mere $116 billion. Sounds like a decent cushion, right? But brace yourself—there's a staggering $10.5 trillion in insured deposits and an additional $7 trillion in uninsured deposits lurking within the banking system. Now, picture the coming financial crisis strikes the banking sector. That deposit insurance fund will vanish faster than you can imagine. What comes next is alarming: "bail-ins." As an unsecured creditor, your hard-earned money essentially becomes a resource for the bank to cover its losses. Enter physical gold and silver. These precious metals have an unblemished record of preserving wealth during crises. They're a fortress against currency devaluation, inflation, and yes, the very real threat of bank failures. They are your lifeline when the bank's safety net proves to be nothing more than a frayed rope. Are you willing to take the risk with your money in the bank, or will you choose the security and value of physical gold and silver? The answer will define your financial future.