

Purchasing power is falling, geopolitical uncertainties abound, and a bleak outlook in the real estate market is weighing on investors' minds. There are currently many reasons for precious metals, especially gold. Desert Gold Ventures - Is a golden decade ahead? This presents a good opportunity for gold, which climbed to a new all-time high of USD 2,083 on the day of the "forced takeover". However, First Republic Bank, another US money house, is threatening to collapse, but it has now become known that the industry leader JPMorgan Chase is taking over (must take over) the ailing bank in a state-coordinated rescue operation. After the collapse of Silicon Valley Bank and Signature Bank in March, it initially looked like the turmoil had been overcome. Western banks still have trillions of euros in low-yield bonds on their books, which now require significant write-downs. US Treasury Secretary Janet Yellen warned that a default of the world's largest economy could be imminent as early as June 1 if the debt ceiling is not raised. There is also unrest in the markets because of the dispute over the debt ceiling. As he was involved with the stock market at a very early stage, he now has more than 30 years of experience in the capital markets.Ĭentral banks - Turbulence in the banking sector Born in Munich, he first studied economics and graduated in business administration at the Ludwig-Maximilians-University in 1995.
