iShares Silver Trust (SLV)

[bluser12]

Not to mention the "debt deal" fell through lol

The funny thing is that if you look at what the "gang of six" proposed there was a lot of spending cuts with very little revenue increases. If there a deal like this were to pass, it would result in a long period of slow economic growth... middle class won't have access to as many social services which will result in them having to pay more out of their own pocket, that reduces purchasing power not to mention that wages are barely keeping up with inflation, if people don't buy there's no demand and without demand there's no "job creation", if there's no "job creation" there's high unemployment and the cycle just repeats. It's an oversimplification but it's basically what will happen.

All this will result in long term uncertainty, which will drive up the price of silver and gold.