So, how did you go bankrupt?” “Two ways. Gradually and then suddenly.” It appears a once high-flying bank headquartered in San Francisco, CA, is meeting a similar fate of possibly having to file Chapter 11 bankruptcy even after receiving $30 billion in uninsured deposits. A lifeline was given only one month ago from the likes of JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Morgan Stanley, and six other banks. So while many First Republic Bank customers were pulling their savings and capital out of First Republic Bank, mega zombie banks were there throwing them a few scraps to survive for perhaps one more month. It looks like this weekend spells the end for First Republic Bank.

Despite The bank issues Silver and Gold both sell off on the open market this morning as markets continue to move higher. Part of this could be due to The SLV’s delivery in may. Every quarter SLV delivers silver to their holders who own more than 500,000 dollars in stock. The other reason is other stocks and investments are getting larger returns faster. Spy has amassed 1.63% gain the last 5 days, while silver is down 0.03 cents the past 5 days. Quick gains vs long term wealth.

Morgan Peace dollars have gone up immensely since fall of last year in near mint condition we have seen coins go for over $500 and other’s okay condition going for $36 or more. Remember peace dollars were only $10 dollars a few years ago.