The nation’s spending limit is quickly coming up, due to expire on the 15th of March. The debt ceiling is a hotly debated topic, and unless Congress acts to expand the debt limit, things could potentially get quite crazy.
Back in 2011, the debate over the debt ceiling helped fuel a rally in gold that took the yellow metal to all-time-highs. Standard & Poor’s downgraded the U.S. credit rating that year, sending shockwaves through global markets and putting into question the country’s status as the economic superpower.
The debt ceiling currently stands at $20.1 trillion dollars. That’s $20.1 trillion dollars.
This is a massive amount of money that is difficult to comprehend, and the sum may continue to grow.
Just think, for a moment, about the interest payments alone on such an amount…
The issue of sovereign debt has been an important one in recent years, and the issue is not going to go away anytime soon.
What makes it especially important right now?
President Trump has proposed significant tax reforms and a massive increase in fiscal spending to the tune of $1 trillion dollars.
Where’s the money going to come from?
How can you lower taxes while spending more?
The only way to do so is to increase the deficit.
Congress may have to raise the debt ceiling, and with more debt comes potential consequences…
Higher debt erodes the value of currency. As debt rises, creditworthiness may decline. What if interest rates begin to rise, and rise quickly? The effect on the nation’s debt payments could be significant.
No matter how you slice it, more debt can lead to significant issues for the nation, issues that could potentially have dramatic consequences.
The time to consider these debt issues is now.
It would seem that now may be a great time to consider adding assets to your portfolio that carry zero counterparty risk. Assets like physical gold and silver.
These metals have been considered a reliable store of wealth and value for thousands of years, and carry no counterparty risk. They cannot be created out of thin air, and have the potential to not only provide a hedge but to also increase in value.
Gold and silver can potentially provide a meaningful hedge against declining currency values and purchasing power. They may also potentially hedge against inflation and other economic and geopolitical issues.
If you don’t own physical gold or silver, don’t worry. Now is a great time to begin building an allocation in these metals-and doing so has never been easier.
Speak with an Advantage Gold account executive today about the potential benefits of gold and silver ownership. Our associates are here to answer your questions, and can even show you how to buy and hold these metals using your IRA account.
Don’t wait for increasing debt to erode your purchasing power or for gold prices to rise before taking action. Explore your options for physical gold ownership today. Call Advantage Gold at 1-800-341-8584 to get started.Tags: advantage gold, congress, creditworthiness, debt ceiling, debt pyaments, deficit, downgrade, gold, interest rates