Skip to content
April 18, 2011 / Jeb

Gold and Silver Continue Higher On U.S. Debt Downgrade

Regardless of whether a compromise is reached over the approaching lockdown of the United States ceiling and the raising of the debt, this impasse has momentous significance for holders of gold (SPDR Gold Shares (GLD)) and silver (iShares Silver Trust(SLV)). The serious weaknesses of our economic structure is exposing it as a paper tiger. Instead of seeking fiscal sanity, the inability of our leaders to agree on even the smallest of issues is reminiscent of the Roman Empire dealing out bread and circus to the masses when Rome could no longer afford the good times and the games.

Read the full article and see video by clicking here.

Advertisements

One Comment

Leave a Comment
  1. JuicyG / Apr 23 2011 1:12 am

    They`ve basically put US on a watchlist but kept the triple A rating. S&P didn`t even have the guts to issue a full downgrade; too little, too late.

    It should have come years ago, not after everyone left the party. Goes to show the total bias of the rating agencies.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: