Tariffs and Gold

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Silveroo

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• 8 August 2025
• Silver: $58.47 AUD, Gold: $5,194.01 AUD

• #1

US has put tariffs on imports of one-kilo gold bars.

US hits one-kilo gold bars with tariffs in blow to refining hub Switzerland

Decision could upend the global bullion market, analysts say

www.ft.com

 

STKR

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• 8 August 2025
• Silver: $58.75 AUD, Gold: $5,203.40 AUD

• #2

Does this not seem like a way to justify upcoming spot price hikes? And how would this not slow the importation of Gold to the US, and essentially make US citizens pay for the privilege? This seems like a dangerous move...

 

alor

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• 8 August 2025
• Silver: $58.78 AUD, Gold: $5,213.46 AUD

• #3

its just like India
trying to levy the buyers domestically from importing

 

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Silveroo

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• 8 August 2025
• Silver: $58.82 AUD, Gold: $5,212.72 AUD

• #4

View: https://x.com/PeterSchiff/status/1953596316673880193

 

alor

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• 8 August 2025
• Silver: $58.75 AUD, Gold: $5,203.90 AUD

• #5

Did they say import to meet short delivery exempted ?

 

Silver Soul

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• 8 August 2025
• Silver: $58.79 AUD, Gold: $5,193.94 AUD

• #6

It could have a negative effect on the metal too. BRICS would love that. It will be interesting how this plays out.

 

alor

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• 8 August 2025
• Silver: $58.67 AUD, Gold: $5,192.31 AUD

• #7

USD is buying lesser and lesser

 

Silver Soul

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• 8 August 2025
• Silver: $58.72 AUD, Gold: $5,196.51 AUD

• #8

alor said:

USD is buying lesser and lesser

Click to expand...

USD is toilet paper

 

alor

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• 8 August 2025
• Silver: $58.67 AUD, Gold: $5,203.47 AUD

• #9

once I took usd to the money changer to exchange,
the man recognised me, just after one exchange.
I then change with other changers.

 

Silver Soul

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Silveroo

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• 8 August 2025
• Silver: $58.79 AUD, Gold: $5,202.87 AUD

• #10

alor said:

once I took usd to the money changer to exchange,
the man recognised me, just after one exchange.
I then change with other changers.

Click to expand...

I'm happy for you. Did you get served first?

 

pmbug

Precious Metals Bug

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• 9 August 2025

• #11

Donald Trump will issue an executive order “clarifying” the US’s stance on gold bar tariffs, after a ruling that a widely-traded form of the precious metal is subject to levies sent shockwaves through the bullion market.

“The White House intends to issue an executive order in the near future clarifying misinformation about the tariffing of gold bars and other speciality products,” a White House official said on Friday.
...

Click to expand...

White House to issue order ‘clarifying’ tariff on gold bars

Move follows surge in precious metal’s price after FT revealed US levy on imports

www.ft.com

I was anticipating this. The CBP letter seemed like some administrative flunkies interpreting administration policy. There seems to be a breakdown in communication in the administration.