It’s unclear if central banks can contain the international banking crisis, analysts warn

ABC/David Taylor/3-18-2023

“Dick Bove makes the point that there’s $US19 trillion worth of deposits in the US and it’s practically impossible for regulators to backstop all of these. It makes the coming days an uncertain  period of time for the international banking sector.”

USAGOLD note: Gold demand is throgh the roof and much of the buying is driven by depositors seeking a safe haven from a system wide crisis.