Hello everyone, it looks like the US will reach its debt ceiling again sometime next month. In November the US government's expenses such as paying social security and other bills etc will exceed the amount of money they have possibly leading to another government shutdown. Continue reading the rest of the article here http://www.wsj.com/articles/debt-ceiling-standoff-hits-bond-market-1445025394 More here: http://www.telegraph.co.uk/finance/...o-hit-debt-ceiling-earlier-than-expected.html It will be interesting to see what effect this will have to the price of PM's in November. On one hand the slowdown of the Chinese economy has caused the price of commodities to decrease while low oil prices should also decrease the production costs of mining ore for mining companies to an extent implying lower prices but with events like this in the financial/political sphere continuously occurring it is hard to tell what exactly will happen.
this by itself it will have little to no effect on the price of PM's your smoking some good crack if you think otherwise.
I am not expecting anything major I am just speculating whether this will have a small temporary effect on spot prices in November by a few percent. The US will of course raise the debt ceiling again to nearly $20 trillion. In the long term you have to wonder how long the debt level can keep rising. Under the last two presidents the US national debt has increased considerably as the government keeps having to borrow more to pay existing debts, if it keeps growing faster as time goes on then the time intervals between potential government shutdowns may grow shorter, that is unless they increase the ceiling limits more and more as time goes on.
That's all it needs, a good re-branding. Throw a few million at the best ad agency. (I'm serious, that shit works on the sheeple!)
This bollocks again... really? There is no emergency, no looming diaster. Even if it goes right down to the wire they will get more money in the end. Print, print, print.
