Timeline: 
Silicon Valley Bank Crash

FINANCE

Published:

Silicon Valley Bank (SVB) encountered a classic bank run, but does this actually mean YOUR money’s at risk?

But here’s the truth:

DAY 1: March 8th: SVB admits they sold a bunch of securities (stocks, bonds, etc.) at a loss. To make up for the loss, they’d have to sell $2.25 BILLION in new bank shares.

DAY 2: March 9th: Venture capital firms PANIC, advising companies to withdraw their money from the bank.

Later that morning, the bank's stock plummeted. By the afternoon it was dragging other bank shares down with it.

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In other words? It’s a bailout.

Does it remind you of 2008?

It should.

Does that mean you do something to protect your cash?

That’s up to you, but it might be wise to consider the options.

Thousands of Americans have started looking at moving their money out of banks, and into physical gold and silver.

But even if you don’t want to hold it at your home, you can own physical gold and silver through your IRA.

So if the idea of putting your money back into a bank sounds risky, 
click here to get your FREE Gold IRA kit.

You’ll get all the details on what it is, how it works, the pros and cons, and even different ways to get started. It’s even clear enough for the person who’s brand new to protecting their money with Gold and Silver.

Investors began to fear a repeat of the 2007-2008 financial crisis.

— ABC Financial News


DAY 3: March 10th: Trading shares halts, and leadership abandons the search for new buyers. California regulators intervene, shut the bank down, then the FDIC takes over.

But you could still be affected, because DOZENS of companies are exposed to the collapse:

ROBOLOX had $150M with the bank…

ROKU had $487M…

ACUITYADS $55M…

BLOCKFI $227M…

CIRCLE $3.3M…

GINKGO BIO $74M…

IRhythm $55M…

ROCKETLAB $38M…

LENDINGCLUB $21M…

Then in a press conference March 13th, 09:25 AM EST:

Biden said "Americans can have confidence that the banking system is safe".

Now what he DIDN’T tell you is…

The CEO of Silicon Valley Bank withdrew $3.6 MILLION worth of shares TWO WEEKS before the bank’s collapse.

But he also didn’t tell you that…

U.S. regulators will protect all Silicon Valley Bank depositors to stem fallout.

Timeline: Silicon Valley Bank Crash