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The U.S. Debt Ceiling – Impact on Gold and Silver Markets

As mentioned in a recent post, the recent downgrade of Ireland’s debt to junk status along with the concern that the sovereign debt crisis may spread to other countries, also known as contagion, has resulted in a boost to the precious metal market, namely gold, silver, platinum, and palladium.

The most recent factor affecting the price of gold, silver, and platinum is the concern over raising the U.S. debt ceiling. Moody’s, Stand and Poor’s and Fitch, the big three rating companies in the U.S. have threatened to downgrade the United State’s AAA credit rating, which would result in higher interest rates and borrowing costs.

As a result, the dollar has weakened, which has bolstered the prices of gold, silver, platinum, and palladium. While not a perfect inverse correlation, the strength of the dollar and the price of precious metals tends to move in opposite directions. The recent surge in prices has created a great opportunity for those wishing to sell their gold, silver, and platinum coins, bullion, and bars for top dollar.

We recommend that you contact Atlanta Gold and Coin Buyers to receive the most for your gold, silver, and platinum. Not only do we offer among the most competitive rates in the industry, but we offer free no-obligation evaluations and appraisals and evaluations, and never pressure our customers into making a decision that they’re not completely comfortable with.

Contact us today at 404-236-9744 or via e-mail at and see for yourself how we’re changing the way that people buy and sell coins, bullion, and bars.

Tony Davis
Tony Davis