https://www.thegatewaypundit.com/2023/08/as-banks-downgraded-retirement-accounts/
When banks like Silicon Valley Bank failed in the spring, interest in physical gold and silver began skyrocketing. So many Americans moved retirement accounts to precious metals that some companies had a hard time keeping up with demand.
Genesis Gold Group a faith-driven precious metals company, has been able to keep up with demand because their executives anticipated the surge (plus, working with them through this link and the links below benefits Gateway Pundit).
It isn’t just individuals who are making moves — central banks have been on a gold-buying spree for months. China and Russia have been moving toward gold and silver. Even U.S. states like Tennessee have made moves to allow the treasury to buy precious metals to back the state’s holdings.
Here is chart of central bank net sales/purchases since 2010 – note the increase in the last three quarters:
