U.S. credit warning a new reason to consider dealer gold investments
Sunday, February 7th, 2010Friday, February 5, 2010
Gold coins offer a stable investment option in light of concerns about the government’s long-term credit sustainability.
- By John March
People who are waiting for a return to normalcy in the stock market and the broader U.S. economy got some unsettling news this week in the form of a warning from Moody’s Investors Service about the long-term state of the nation’s credit rating.
According to the UK’s Financial Times newspaper, the firm has warned that the triple AAA sovereign credit rating of the United States could be jeopardized by either weak economic growth or a failure to properly address the country’s budget deficit and national debt.