Sep 10, 2011 2:33 am
President Obama's American Jobs Act offers a lot. There are $70 billion in small business tax cuts, $140 billion to be spent in modernizing schools, roads and banks, $62 billion in unemployment reform, and $175 billion in tax relief. Where is this extra $447 billion going to come from?
It sure ain't going to be from the way they sell silver bars. The council of twelve assembled to reduce the deficit by $1.5 trillion will likely cherry pick what they want to pass. They have until November 23rd to create the reductions, and then Congress has another month to pass the bill.
When push comes to shove, we may find ourselves in another recession come the new year. Stubborn Republicans could very well choose to reject President Obama's plan altogether or enact only what they deem worthy. If that's the case it will be a good idea to sell silver jewelry and sell silver bars for extra cash. Silver has been steady at $40 an ounce and will likely shoot up more if there is crisis in the markets.
With the Republicans standing in the way, chances are there will be some kind of crisis over the next few months. When the times comes, selling silver will be a great way to get away from it all.