Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Silver: 2018 and Beyond
By: Gary Christenson

GoldSeek Radio Nugget: Bill Murphy and Chris Waltzek
By: radio.GoldSeek.com

Convert to Weekly Charts
By: Gary Savage

Bubbles Everywhere...
By: Harris Kupperman

Stocks Plunge on News of Nell's Death
By: Rick Ackerman

Russian Central Bank Buys Gold – 600,000 Ounces Or 18.7 Tons In January As Venezuela Launches ‘Petro Gold’
By: GoldCore

Gold Seeker Closing Report: Gold Ends Lower While Silver Edges Up
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 2 21 2018
By: Ira Epstein

Find The Sentence That Dooms Pension Funds (Don’t Worry, It’s Highlighted)
By: John Rubino

Miners’ Rally? What Rally? Watch Out for More Fake Moves!
By: Przemyslaw Radomski, CFA

 
Search

GoldSeek Web

 
Insane “Trillion Dollar Platinum Bullion Coin” Option Ruled Out By U.S. Treasury To Avert New Debt Crisis


 -- Published: Wednesday, 21 October 2015 | Print  | Disqus 

The silly and somewhat insane uber Keynesian “Trillion Dollar Platinum Coin” appears to be now firmly off the table.

The US Congress has once again ruled out the possibility of issuing a “trillion dollar platinum coin” floated as a possible solution to the looming US Debt Crisis.

GoldCore: Trillion dollar platinum coin
Pressure is mounting as Treasury Secretary Jack Lew said earlier this week that Congress would need to raise the nation’s borrowing cap by November 3 to avoid a potential default.

“If Congress fails to raise the nation’s debt ceiling by that date, the US could risk a first-ever default on its obligations”.

Brett LoGiurato, writing in UK Business Insider, points out that as a resolution to the US  debt ceiling is still unclear, “speculation has popped up once again about two popular theorized “work-arounds” — the 14th Amendment and the “trillion-dollar platinum coin.”

Read more in “Treasury again rules out the ‘trillion-dollar coin’ option to avert the debt ceiling

DAILY PRICES
Today’s Gold Prices:   USD 1174.40 , EUR 1035.08 and GBP 759.88 per ounce.
Yesterday’s Gold Prices:  USD 1173.70 , EUR 1032.87 and GBP 747.86 per ounce.    
(LBMA AM)

GoldCore: Gold in GBP - 1 month

Gold in GBP – 1 Month

Gold fell yesterday by $6.30 closing at $1146.60 but was up by 0.61% overall for the week.  Silver lost $0.05 to close at €15.08, down 0.46% for the week.  Euro gold fell to about €1023, platinum lost $7 to $945.

 - www.GoldCore.com


| Digg This Article
 -- Published: Wednesday, 21 October 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.