Gold is Hitting All New Highs! Will Silver Follow?

May 8, 2023

Peter Boockvar, Chief Investment Officer at Bleakley Financial Group, joins the show, and we discuss the potential banking crisis that may be looming with the recent interest rate hike by the Fed. Boockvar explains that it may just be the beginning of a wave of consolidation in the banking sector, which could hurt more shareholders and bondholders. Furthermore, we cover the potential impact on the gold and silver markets, with gold prices reaching record highs and central banks diversifying their reserve base. Boockvar predicts that small businesses and commercial real estate owners could face serious issues if the Fed continues to hold high rates.

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The term “carat” comes from “carob seed,” which was standard for weighing small quantities in the Middle East.
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