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In a webinar discussion hosted by the Economic Club of Washington, D.C. Powell said that although the government debt was on an unsustainable path, the current level of debt is sustainable.
“The U.S. federal budget is on an unsustainable path, meaning simply that the debt is growing meaningfully faster than the economy,” he said. “The current level of debt is very sustainable. And there’s no question of our ability to service and issue that debt for the foreseeable future.”
Powell added that the U.S. government will eventually have to get its debt back onto a sustainable path; however that should be done when the economy is on more solid footing.
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Finding the Market Value of Gold Filled Items
With the value of gold reaching historically high prices and the demand for gold continuing to soar, even gold filled items have a reasonably worthwhile market value! Luckily for you, finding the market value of gold filled items is actually quite simple.Why Gold?
People instinctively know Gold is really money, here is a great example for you. If you were to give a child the option of 2 treasure chests, one full of paper currency and another full of Gold coins, which do you think the child would pick? You’ve got it, children always pick the treasure chest full of Gold. We instinctively know that Gold has value, its been used as a store of wealth for over 5000 years. In fact 5000 years ago an ounce of Gold would buy you a suit of clothing, 1000 years ago an ounce of Gold would buy you a suit of clothing…. and today, you’ve guessed it, with Gold trading at $1790, an ounce of Gold still buys you a suit of clothing.Further Instability in the Euro Zone Causes Gold Prices to Break $1,800 Barrier
Gold is now trading back at around $1,780 after steadily recovering from its crash to below $1,600 an ounce and then breaking the $1,800 barrier again yesterday after the Euro zone focus shifted to Italy. Everybody is aware that there is still no answer as of yet to the Euro Zone’s problems. Every time another half hearted idea appears to be agreed, there is another spanner thrown in works and we are right back at square one again; still faced with the ultimate question, will Greece default or not?Frequently Asked Questions For Those Who Sell Gold
If you are in the market to sell gold, you may be considering selling your gold online. This is a smart move, but it can be confusing. There are many factors to consider when choosing what gold to sell and who to sell it to.Fair Market Value for Your Gold
With the rough economy there never seems to be enough money to go around. Consider the gold items that you have lying around your house that can add cash to your pocket now.Gold and Silver Confiscation – Is It Possible For Gold and Silver To Be Confiscated?
Are you considering investing in gold and silver but are concerned that it may be confiscated by the government and you will lose your investment? That is certainly a valid concern, but before you make a gold and silver investment decision based on the confiscation question, it’s best to learn the facts so you can make an educated and informed decision. This article reviews the “confiscation question” and gives some great insights on the subject.Buying Gold and Silver On Margin, Is It A Wise Choice?
Are you considering buying gold and silver on margin? Stop. If you are not very experienced in this area, please wait and read this brief article before you risk so much. This article is filled with a detailed review of how buying gold and silver on margin works and what the risks and rewards are. Arm yourself with the facts before you step out and risk so much. Even if the gold and silver markets continue to climb, if you don’t know what you are doing when buying on margin, you can still lose your shirt.Investing in Silver American Eagle Coins – Making a Good Investment Decision Even Better
Are you considering investing in American Silver Eagle Coins? If so, you are in the right place. In this article you will find some very detailed information that will surely be of a help in educating yourself on these amazing coins. Get the facts. Save lots of money and buy correctly.Gold and Silver Investing 101
Researching gold and silver? This article will give you some solid information on why investing in gold and silver is a wise choice and some of the smartest ways to wisely invest.Silver Investing – Is Shorting Silver A Smart Move At This Time?
Silver investing was very profitable the last half of 2010 and the first couple of months of 2011. Then the bottom fell out. After a price drop of almost 40% from its all-time high, the price recovered about 50% from its low, and then dropped again to its previous low. Those who shorted silver, and timed it right, did very well on these last two price drops. Is it too late to go short, or is there one more good opportunity?