Tariffs and Gold

[Administrator]

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]

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]

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

 

[Administrator]

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

 

[alor]

Did they say import to meet short delivery exempted ?

 

[Silver Soul]

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

 

[alor]

USD is buying lesser and lesser

 

[Silver Soul]

USD is buying lesser and lesser

USD is toilet paper

 

[alor]

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]

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

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