Withdrawal of Bank Deposits
The largest monthly withdrawal of bank deposits occurred in March as a result of the banking crisis. Most of it was redirected into money market funds and treasury securities. However, a good size chunk went to two other areas. People are keeping more cash on hand as a cushion and they are buying physical gold and silver. Every bullion dealer and local coin shop are experiencing massive increases in business volumes and numbers of new first time customers. This trend will continue to accelerate until physical metal is no longer available. https://halturnerradioshow.com/index.php/en/news-page/news-nation/march-2023-biggest-loss-of-u-s-bank-deposits-in-history