Banks are not what they were in the past which had strong financial wallets and good investment projects. The recent era of the world has shaken the Bank finance and investors who put their money in banks are now worried about their savings.
After the recent bankruptcy in US, many large investors who loved to invest their amount into banks to get 3 or 4% APR are now moving their money. This is because the trust over the banks (governments) no longer exists and they have the fear to loss their money.
At the times banks were considered among the safest place to invest you money with 100% guranteed but now the scenario is changed and banks are no more trusted to put your money. One of the reasons that governments are carrying heavy debts which makes them struggling in the financial zone.
MONEY SHIFT TOWARDS GOLD, SILVER, STOCKS, AND CRYPTOCURRENCY
People are moving their cash from banks to other investment markets to secure their money. Now it depends on their choice and thinking that what will be the better for their money protection. According to the latest research Money are been transferring from banks to Gold, Silver, Stocks and Cryptocurrency.
If I talk about myself, I have also no trust over the banks because there is no guarantee of your money to be protected. Anything can happen any time just like Silverbanks and many more examples. Specially when it comes to private bank they are no more secure for putting heavy investments.
There is no money in my bank accounts and had moved to other investment markets. MY portfolio divides as 50% Crypto, 20% Gold and Silver, 30% Forex and physical mutual funding. I am looking to buy more #gold and #silver because I believe that it will give strength to my capital.
Also #Gold and Silver are among the safest investments in the world, they are now more safer then the banks as well. If you have gold and silver means you have net physical cash but if you have amount in banks means its not yours until its not in your hands.
After reading some articles and cash movements all over the world, people are more interested in #Bitcoin #Gold and #Silver. Banks are no more trusted organizations for the investors and that is one of the main reasons of bankruptcy.
What do you people think, money are moving from banks to other investment markets? Do you think banks will suffer if investors continuously transfer their money? What will happen if banks are collapsed, will it effect the prices of Gold, silver and Bitcoin? will be glad to see your answers in the comment section.
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NOTE: PICTURES ARE TAKEN FROM CANVA AND EDITED IN CANVA.
DISCLAIMER
Please keep in mind that I am not a financial advisor. Never, ever take anything I say as financial advice. Conduct your own research. Before making any investment decisions, consult with a professional investment advisor! My posts are strictly for entertainment purposes!
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