The disastrous collapse of Silicon Valley Bank has sent shockwaves across the financial sector. According to The Epoch Times:
The Federal Deposit Insurance Corporation (FDIC) has assumed control of Silicon Valley Bank (SVB) to protect depositors from losing all of their money after it was closed by the California Department of Financial Protection and Innovation.
Federal banking regulators on March 10 took custody of the country’s 16th largest bank, which was a top lender for American tech and life sciences firms and start-ups, according to a press release.
The collapse of the California bank is the largest bank failure since Washington Mutual in 2008, during the last major bank crisis.
One Twitter user posed an idea to Elon Musk and he seemed to be open to the notion.
I’m open to the idea
— Elon Musk (@elonmusk) March 11, 2023
The logistics of such a maneuver may not be as excessive as some might think. Banks are relatively straightforward with trackable assets and the roadmap has been drawn out for such acquisitions hundreds of times in recent years. Could Twitter actually convert the failed bank into an all-digital bank? We may find out soon.
Editor’s Note: The flurry of bad news is not just hitting Silicon Valley Bank. Financial titan Wells Fargo took their lumps yesterday as well. This all bodes ill for an economic situation that has looked increasingly bad since the Biden-Harris regime took over. Things got worse when the “red tsunami” failed to materialize last November. This is likely why everyone from central banks to U.S. states are making a rapid transition to physical gold. You can too. I recommend three America First precious metals companies.
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
