Surviving the Impending Banking Crisis

7. **Credit Card and Auto Loan Defaults**: Mass credit card and auto loan defaults will create financial stress on banks, possibly causing your bank account to be frozen. Physical precious metals provide a safe-haven, private, and secure form of wealth preservation during economic distress. They are not tied to the banking system and offer peace of mind in times of financial turmoil. 8. **Debanking**: Debanking is when banks stop or limit your access to your accounts because of your political or social views. Precious metals ensure your wealth remains under your control, preserving financial privacy and independence. Unlike traditional bank accounts, they are not subject to account freezes or intrusive actions. 9. **The Federal Reserve Central Bank Digital Currency**: Worries about financial privacy and account access can be mitigated by holding physical gold and silver. These tangible assets safeguard your wealth from potential account freezes or intrusive government oversight. They offer a secure and private means of wealth preservation. 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).