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DiMartino Booth predicts additional bank failures as Fed employs "breakage" and urges boldness in gold acquisition.


Danielle DiMartino Booth, CEO of Quill Intelligence and Author of "Fed Up," joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to discuss the Federal Reserve's March rate hike of 25 bps, and why Booth believes that "more bank failures" are on the horizon as Fed Chair Jerome Powell continues to tighten monetary policy. Booth also provides her economic outlook, and suggests that investors can "be bold" in allocating more than 10% of their portfolio to gold, which she forecasts will rise in the midst of ongoing financial stress. Follow Danielle DiMartino Booth on Twitter: @DiMartinoBooth ( Follow Michelle Makori on Twitter: @MichelleMakori ( Follow Kitco News on Twitter: (@KitcoNewsNOW) 0:00 - Fed rate hike 5:06 - Fed pivot? 6:57 - 'Banking crisis' 16:07 - Fed's balance sheet 18:54 - Commercial real estate and banking 21:36 - Economic outlook 22:48 - Investment implications #banking #gold #federalreserve __________________________________________________________________ Kitco NEWS is a global news network based in Montreal, with bureaus in New York, Hong Kong, New Mexico, London and Vancouver. Since 2009, our journalists have helped investors make informed decisions through in-depth reporting, daily market updates, and interviews with key industry figures. We aim to accurately and impartially cover the economy, stock markets, commodities, cryptocurrencies, mining and metals. Subscribe to our channel to stay up to date on the latest insights moving the metals markets. For more breaking news, visit Follow us on social media: Facebook - Twitter - StockTwits - Live gold price and charts: Live silver price and charts: Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc....(read more)


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The US Federal Reserve Bank has been creating "breakage," which has led to an increase in the number of bank failures in the country, according to Danielle DiMartino Booth, CEO of Quill Intelligence. DiMartino Booth has advised investors to "be bold" and buy gold as a safe haven for their money. The Federal Reserve is currently implementing monetary policies to keep the US economy afloat during the COVID-19 pandemic. This has involved buying bonds to provide liquidity to the financial system. DiMartino Booth argues that this policy has led to banks accumulating more cash than they can handle, creating financial instability. DiMartino Booth's analysis indicates that the breakage could hit the banking system hard, prompting a wave of bank failures in the near future. She argues that the Fed's buying of bonds has created a kind of "liquidity trap" that has made it difficult for banks to manage their cash holdings effectively. DiMartino Booth recommends that investors protect themselves by buying gold. Gold prices have risen significantly in recent months as uncertainty has risen among investors. This is a trend that may continue as the economic situation worsens. DiMartino Booth argues that gold is a good investment right now because of its history as a safe haven in times of economic uncertainty. As the pandemic continues to wreak havoc on the economy, it is clear that the Federal Reserve must take bold action to keep the country afloat. However, DiMartino Booth's analysis highlights the risks associated with current monetary policies. Investors should be aware of these risks and consider protecting themselves with gold or other safe-haven assets. https://inflationprotection.org/dimartino-booth-predicts-additional-bank-failures-as-fed-employs-breakage-and-urges-boldness-in-gold-acquisition/?feed_id=92198&_unique_id=644b6a3835acd #Inflation #Retirement #GoldIRA #Wealth #Investing #bankingcrisis #danielledimartinobooth #economy #Federalfundsrate #federalreserve #Finance #financenews #financialnews #Gold #goldprice #goldpriceforecast #goldpricetoday #investing #investingnews #jeromepowell #Kitco #kitconews #michellemakori #news #preciousmetals #quantitativeeasing #quantitativetightening #SignatureBank #siliconvalleybank #silver #silverprice #silverpriceforecast #silvergate #treasuries #BankFailures #bankingcrisis #danielledimartinobooth #economy #Federalfundsrate #federalreserve #Finance #financenews #financialnews #Gold #goldprice #goldpriceforecast #goldpricetoday #investing #investingnews #jeromepowell #Kitco #kitconews #michellemakori #news #preciousmetals #quantitativeeasing #quantitativetightening #SignatureBank #siliconvalleybank #silver #silverprice #silverpriceforecast #silvergate #treasuries
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