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Wednesday, May 04, 2011 3:49:50 PM
As the federal government approaches its legal debt ceiling and scrambles to avoid default, the first losers will be cities and states.
Starting Friday, the U.S. Treasury will stop issuing special securities that help state and local governments pay for their debt...
And this is bearish for metals how?
It's unfortunate that we are on the brink of a huge currency crisis, but at least we can inform friends and family of potential ways to hedge against this imminent crisis, and that is buy owning physical silver and investing in some mining companies.
Starting Friday, the U.S. Treasury will stop issuing special securities that help state and local governments pay for their debt...
And this is bearish for metals how?
It's unfortunate that we are on the brink of a huge currency crisis, but at least we can inform friends and family of potential ways to hedge against this imminent crisis, and that is buy owning physical silver and investing in some mining companies.
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