September 30, 2013
There is so much riding this evening, with the American way of conducting business, on a global platform! President Obama is under a server amount of pressure. Making it 17 years, since the last occurring’s, at this magnetite that took place.
How can you overcome issues, which have a need, and demand survival? America needs to increase borrowing to avoid defaulting on their debt, beyond September 30, 2013. This with a fiat currency; just is not going to look, overly impressive.
Could Congress be heading towards a government shutdown? With the Republican leaders in American House of Representatives refusal to President Barack Obama’s demand for additional printed money to run the government beyond the request date of September 30, 2013, so it may perhaps avoid default.
It will play, with many financial factors, according to Central Banking systems of rating and distribution of funds. Could China have a trump card? What if they called their loan, what would America do? What if they want their payment in gold, as the asset, avoiding, the fiat currency?
Whenever an investment of gold is made, it is a vote against central banks credibility with savers still further. It can also be considered a measurement of mismanaging of money by central banks.
Even if the American Government, in a last minute agreement that could avoid a shut-down, financial markets will still face the effects of a $16.8 trillion debt ceiling by the middle of October. It could cause major concerns for the next political stand-off.
Many analysts indicate with a soft dollar, with U.S. bond yields improving, which would support the gold prices. For investors who desire a safe investment during this time of uncertainty, should consider investing in gold according to the experts. As the dollar continues to face daily challenges, this will certainly have an impact on the direction of gold as a future provider of your retirement pension plan.
Live Gold Prices USAGOLD
Siobhan Hughes and Corey Boles contributed to this article on The Wall Street Journal
More information on this topic.
Fed's Non-Taper Damage Control
When Investors Wake up the Gold Price Will Soar
Will the Fed start tapering in September?
All the Best,
Joseph F. Botelho One Gram at a Time
This is an interview that really will not go away, will have an impact! U.S. may have fallen over the Fiscal Cliff. http://t.co/61tn2qsLw2
— Joseph Botelho (@jfbmarketing) September 10, 2013
