It seems as though it is the gift that keeps on giving; the US debt ceiling debate is back in the news. If you remember, the US national debt reached the debt ceiling of $16.4 trillion (that's right, trillion with a "T") after the US election in December of 2012. Instead of raising the debt ceiling in January 2013, the debt ceiling was "suspended" until May 19th. This weekend, the deadline came and went and we once again we are at the point where the debt ceiling must either be raised or suspended again.
It should also be mentioned that in the five months since January, an additional $300 billion has been added to the national debt. In the video above, we mention our thoughts on how amazing it is that this news story has been flying under the radar and how this entire debt ceiling story effects the way we invest in silver. Let us know your thoughts in the comment section on the debt ceiling story line.
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