The banking crisis in the United States led to an outflow of capital from oil to gold

The sudden collapse of the Silicon Valley bank sent shockwaves throughout the financial sector and was the biggest banking collapse since the 2008 financial crisis. As the only publicly traded bank focused on Silicon Valley and startups for four decades, the rapid collapse particularly shocked the venture capital community and left climate technology startups in crisis.

The banking crisis hit the energy markets and oil prices fell. WTI fell from $80,46 a barrel in just 10 days to $67, while Brent slipped from $86,18 a barrel to $73, levels they last reached in December 2021.

According to commodity analysts at Standard Chartered, a multinational corporation, the fall in black gold prices is due to the sale of oil capital by banks. According to a study by commodity experts Standard Chartered, the withdrawal of capital from the oil sector is combined with an increase in funds invested in precious metals - gold and silver, i.e. oil money invested in precious metals.

At the same time, gold prices have jumped by almost 10% since March 9 and are now at $1 per ounce, which is not far from the all-time high, while silver prices have soared by more than 995% and are trading at $16 per ounce. .

Comments

[rocket757]

The banking crisis hit the energy markets and oil prices fell.

. Question... what is it about? Speculative games or expect that the banking crisis is deeper, how heated and will affect all other industries, in. including sphere of consumption of hydrocarbons?
Why exactly?

[carpenter]

Quote: rocket757

Speculative games or expect that the banking crisis is deeper, how heated and will affect all other industries, in. including sphere of consumption of hydrocarbons?

New world order. As an economist from Finland wrote after seeing Uncle Xi say goodbye to Uncle Pu: “I don’t want to live in a world where Russia and China are in the top roles.” He does not want to live in this world, but what about when, oh, one country from across the ocean tells other countries what and how to do - is that in the order of things for a Finnish economist from Suomi? Everything is simple and even logical according to American logic. But what can the Finn say to this - "And how did they bend you so sharply and put you on a fertoing (putting the vessel at two anchors) by the entire European continent?"
Why there are no answers, but there is one malice. Be angry not at your neighbor, but at yourself.

[rotmistr60]

Quote: rocket757

The banking crisis hit the energy markets and oil prices fell. Question... what is it about? Speculative games or...

Probably about it

the fall in prices for black gold is associated with the sale of oil capital by banks ... the departure of capital from the oil sector is combined with an increase in funds invested in precious metals

[Nyrobsky]

Quite a natural process. At a time when banks, markets and stock exchanges begin to sausage, "wallets" drag their money into assets that guarantee their safety. However, on the eve of the crisis, there will not be enough physical gold for everyone, and investing in paper silver and gold carries certain risks, since in the event of a bank failure, these investments are not insured. From this we can assume that the shortage of supply of physical gold in the foreseeable future will spur the growth of this asset to 2,3-3 thousand dollars per ounce.
For gold mining countries, a good period is coming. they can purchase gold on the domestic market from their mines and for their national currencies.

[carpenter]

At the same time, gold prices have jumped by almost 10% since March 9 and are now at $1 per ounce, which is not far from the all-time high, while silver prices have soared by more than 995% and are trading at $16 per ounce. .

Lovers of metal investments:

[Or me]

carpenter (Dimon)
Today, 10: 34
NEW
0
At the same time, gold prices have jumped by almost 10% since March 9 and are now at $1 per ounce, which is not far from the all-time high, while silver prices have soared by more than 995% and are trading at $16 per ounce. .
Lovers of metal investments:

I suppose that they have already taken advantage of this situation.

[carpenter]

Quote: Elijah

I guess they already took advantage of this situation.

The smart ones keep their savings in gold bars, or in aluminum cans, and the stupid ones in American banks (those who have savings).

[dfk-80]

Smart people store in knowledge, technologies and physical resources (the possibility of their extraction). Gold is almost pure treasure. As a resource against the background of oil is rather weak.

[Lynx2000]

According to commodity analysts at Standard Chartered, a multinational corporation, the fall in black gold prices is due to the sale of oil capital by banks. According to a study by commodity experts Standard Chartered, the withdrawal of capital from the oil sector is combined with an increase in funds invested in precious metals - gold and silver, i.e. oil money invested in precious metals.

Recently, the words of "analysts" from various rating agencies are questionable, I remember before the bankruptcy, Silicon Valley Bank received some place in the top five banks.
Standard Chartered Corporation is essentially a major bank with branches around the world. The analysts of this enterprise will issue those forecasts that will be beneficial to their corporation, in order to attract the capital of investors, the promise of managing them and generating income.

An increase in the price of precious metals (not everyone will get it) will cause an increase in production and processing. This requires technical equipment (industrial equipment, machinery) and fuel.
You will buy more fuel, you will burn it more - you will get more gold, you will spend more electric / energy - you will cast gold bars more.

[tralflot1832]

And what is the market for "physical" gold and "paper". The Russian gold industry is under the sanctions of the West. Where will the gold be taken. Our gold reserve of 2300 tons is only less than $ 150 billion.

[Anton Boldakov]

Incidentally, the US still has an "Emergency Banking Act" that allows the government to take gold out of private hands.

[Filibuster]

the departure of capital from the oil sector is combined with the growth of funds invested in precious metals - gold and silver, i.e. oil money invested in precious metals.

Gold is a highly liquid asset at all times.
In crises, cut paper depreciates, and gold only grows in price.
However, in the last 2022 alone, more than 300 tons of mined gold were exported from the Russian Federation, including to enemy NATO countries, and the Government of the Russian Federation, especially the Ministry of Finance of the Russian Federation and the Central Bank of the Russian Federation are silent!
This is a direct economic sabotage against Russia.
The gold miners offered the Government of the Russian Federation to buy all the mined gold, but the enemies of the Russian people in the Ministry of Finance of the Russian Federation and the Central Bank of the Russian Federation refused to do this, stating that the gold should be dumped on the US and EU markets.