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<p>[QUOTE=&quot;SCFY, post: 1802992, member: 55116&quot;]Well we are close to defaulting on our bills as a country and the big question is what kind of effect will that have on the US dollar as well as our precious metals we all covet here on this site. There is also another part of this that is pretty scary.</p><p>&nbsp;</p><p>A real possibility that we get our credit rating again lowered from AAA. All these things will have a major effect on the market in the next day. The stock market is already showing the effects from this situation and you have to wonder if there will be major safe haven buying once we reach and pass the deadline. The govt. only has about 30 billion dollars to work with if this happens to pay certain things off, one being social security, and they say that the 30 billion would not even last 2 weeks.</p><p>&nbsp;</p><p>So with everything I just stated, what do you all feel is going to happen with the gold and silver markets. Remember, this country has never been in this situation before with defaulting on their debts. This could get really ugly.[/QUOTE]</p><p><br /></p>

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