US Debt downgraded from Stable to Negative

Joshua Gamen talks about Standard & Poor’s (S&P’s) downgrade of US Debt from stable to negative, and discusses how this will next lead to a downgrade from a AAA credit rating. This is due to the budget deficit and debt ceiling, looming government shutdown, and showdown in Washington between the Republicans and Democrats. These events are surging the prices of gold and silver and that will continue to happen.

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3 comments on “US Debt downgraded from Stable to Negative

    • Precious metals are a good hedge, but they won’t produce anything for you. I like precious metals right now, but I like cash flowing real estate even better, because it also hedges inflation, but meanwhile it also puts cash in your pocket every month!

  1. Pingback: Obama vs GOP debt ceiling showdown continues! Stay tuned for inflation… « Joshua Gamen's Blog

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