U.S. Credit Rating Downgrade… Kitco News Editor 'Must Pay Attention To Gold And Bitcoin'

Moody's That Last Downgraded America's Credit Rating (Source: Reuters)

International Credit Rating Agency Moody's Downgraded The U.S. National Credit Rating By One Notch From The Highest 'AAA' To 'AA1', Shocking The Financial Market. KITCO News Editor Michelle Makori Emphasized About This News That "The U.S. Has Officially Lost Its Last AAA Credit Rating" And "We Must Pay Attention To Hard Assets Like Gold And Bitcoin."

Makori Explained, "Moody's Cited The Surging Fiscal Deficits And Unsustainable Interest Costs As Reasons For The Downgrade." Adding That With Moody's Following Fitch And S&P In Downgrading The U.S. Credit Rating, America Now Stands At The Same Level As Austria And Finland.

He Added, "Hard Assets Don't Lie. As Economic Instability Grows, The Importance Of Gold And Bitcoin Will Be More Prominent," Stressing That Investors Should Consider Moving To Safe Assets.

Market Experts Forecast That This Credit Rating Downgrade Could Positively Impact Dollar Weakness And The Rise In Gold And Bitcoin Prices.