If a local community bank in East Palestine Ohio fails due to collapsing Real Estate values from the train crash... will they get backstopped too or only banks in California and New York? Americans are waking up and realizing that FDIC insurance is only for $250,000 and they are using their dollars to buy gold. If you are in a red state you won't be made whole on your deposits over $250,000.
Credit Suisse (CS) isn't going to fail because the Swiss National Bank won't allow it to, but the Swiss National Bank owns a ton of Apple (AAPL) stock that they may start to sell to help support CS. What will happen to the value of your AAPL stock that you assume is safe but it is not? Sell it now and buy gold!