More Regional Banks Collapsing! What Does This Mean for Gold?

July 28, 2023

We have Mike McGlone, a macro strategist at Bloomberg Intelligence, joining us in this video. Our discussion revolves around the current banking crisis and the possibility of a deflationary period. Additionally, Mike shares his insights on how the actions of the Fed, interest rates, and market dynamics could affect precious metals like gold and silver.

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In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.
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