We were hoping so much that the debt ceiling bill wouldn’t pass (it would have been a tough, but necessary step in restoring some semblance of economic recovery in the long run). Instead, it was approved by the self-serving Senate and our puppet President and only serves to perpetuate the inevitable. You can’t borrow yourself out of debt.
Read this article from the National Inflation Association regarding the impact of the passing of the Debt Ceiling bill. Note especially the phrase: “gold today rose $37.50 to a new all time high of $1,659.20 per ounce and silver was up $1.476 to $40.785 per ounce.”
Now who could have predicted that? (We did!) … And if you were taking our advice about buying gold today and starting your own gold-backed savings account at the KB Gold private global gold currency exchange, you wouldn’t have been surprised either.