Ask Terry Questions T-Bills and the Debt Ceiling potential crisis looming and Gold GLD ETF

T-Bills and the Debt Ceiling potential crisis looming and Gold GLD ETF

By Terry Savage on May 13, 2023 | Wild Card

Hi Terry,

With the Debt Ceiling outcome being uncertain, do you still feel it is a good and safe time to invest in 13 and 26 week T-Bills? Also your thoughts on investing in the Gold ETF (GLD)?

This could also be a good topic for your Wednesday (WGN radio noon financial chat).

Thank you.

Terry Says

I have no doubts about purchasing 13 and 26 week T-bills. The U. S. Government is NOT going to default on its IOUS!
But gold has been moving up, indicating a global concern over the idiocy on both sides of the aisle in Congress. It’s a “side bet” you might want to make on a small basis.

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