S & P Debt Rating and what it Means for Gold and Silver

Even as gold and silver continue to set new record highs, there is still a lot of upward pressure on the prices of these precious metals. For instance, On 18th April, 2011, Standard & Poor's Ratings Services affirmed its 'A.A.A' long-term and 'A-1+' short-term sovereign credit ratings on the United States of America and revised its outlook on the long-term rating to negative from stable. When this happened, ripples went through the global stock market, causing a flurry of selling.

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