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With progress being made in debt ceiling talks, financial markets have taken it as a sign that the United States will not default on its debt. CPM Group’s Jeffrey Christian discusses the debt ceiling and the impact it may have on gold and silver prices. He also discusses the gold and silver as long-term investments, comparing them to the United States Dollar, S&P 500, and other investment markets.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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Read More: Gold, silver, and the debt crisis