7 November 2023
Iowa’s Citizens Bank has collapsed, saddled with $15 million in concealed loan losses. Not FDIC-insured, the fallout is Iowa’s to shoulder. This debacle is the year’s sixth, pointing to a dire trend in banking stability. Amidst fleeting government fixes, the reality is stark: more failures loom, and for those hedging against systemic risk, gold increasingly appears as a solid refuge.