First published by Money Metals Exchange here: https://www.moneymetals.com/podcasts/2023/03/17/taxpayers-on-the-hook-for-big-bank-busts-run-on-gold-002706

Fears of bank runs precipitating a broader financial crisis helped spark a surge in bullion buying this week. The collapse of Silicon Valley Bank represents the second largest bank failure in history. While Treasury Secretary Janet Yellen insisted this week that the banking system is sound, many banks clearly are not in sound financial shape.