Message:

<p>[QUOTE=&quot;ToughCOINS, post: 2924546, member: 20480&quot;]Actually, the increase in debt this coming decade was already projected to be quite large as, collectively, this nation is unwilling to suck it up and do the right thing.&nbsp; Not accounting for growth of the tax base, the pending tax cut / reform legislation is forecast to add to that projected increase in national debt, albeit less significantly compared to the existing rate of growth of the debt.&nbsp; If growth in the tax base outstrips reductions in the tax rates, it could actually defray the deficit . . . we&#039;ll just have to wait and see.</p><p><br /></p><p>As for how increasing the national debt affects bullion investing, I presume you&#039;re ultimately more interested in how it affects bullion prices than bullion investing.</p><p><br /></p><p>If stacking continued at the current pace, that alone would drive higher bullion prices without increasing investment demand.&nbsp; This is especially true as new sources become increasingly challenging to locate and mine, even with the most modern and specialized technologies.</p><p><br /></p><p>If the national debt continues to balloon, and faster than growth in the GDP, confidence in our ability to service the debt will continue to wane . . . the basis for renewed interest in metals.&nbsp; If GDP grows faster than the debt, the metals markets will likely suffer at the hands of the equities markets and entrepreneurism.</p><p><br /></p><p>By the way, for those who think our debt is &quot;only&quot; $20 trillion, that is just the tangible debt, and does not account for the money borrowed from and not repaid to retirement benefit programs (think Social Security and the Federal Employee Retirement System), which dwarf that $20 trillion by comparison.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in