I am an idiot, and do your own research. But in my opinion physical gold has a possibility of going very high. Banks lease gold from central banks. London exchange also allows for paper trading of gold they claim to have. It appears they didn't have the gold they said they did, physical demand is going to go even higher as it's the thing that banks use to balance their sheets. Banks, london exchange, etc will suffer huge losses and anyone holding onto physical gold.
However also if you're in the USA silver's cost might have just gone up because of tariffs. The USA does not produce most of the silver it has and we import most of our silver from Mexico and Canada.
AND at the same time, because of tariffs..it might cause the demand for silver and gold to climb even higher. If silver or gold from Canada is tariffed than JPMorgan/etc is going to do everything they can to get London's supply of stuff onshore before those expected EU tariffs hit. This would going to deplete the EU's supply even more, create more of a backlog, more chaos, more chance of running out.
They will act tough for a little bit but once the pinch starts to sting. Yeah, they will stop the bullshit. They have no leverage. Except he's a big meany and posts mean tweets.
I understand that there will be pain coming, but will the pain be any worse than the slow bleed we've experienced for the last 30+ years? Sometimes we have to rip the bandage away so a festering wound can get fresh air and light to heal.
I would rather pay more for products that are made in American by Americans, knowing that my neighbors are able to support themselves and their families, than seeing our money be sent to foreign nations. Especially those that are hostile towards us.
https://archive.md/20250131225138/https://www.bloomberg.com/news/articles/2025-01-31/traders-load-us-bound-planes-with-gold-and-silver-in-tariff-bet
EYES ON
I am an idiot, and do your own research. But in my opinion physical gold has a possibility of going very high. Banks lease gold from central banks. London exchange also allows for paper trading of gold they claim to have. It appears they didn't have the gold they said they did, physical demand is going to go even higher as it's the thing that banks use to balance their sheets. Banks, london exchange, etc will suffer huge losses and anyone holding onto physical gold.
However also if you're in the USA silver's cost might have just gone up because of tariffs. The USA does not produce most of the silver it has and we import most of our silver from Mexico and Canada.
AND at the same time, because of tariffs..it might cause the demand for silver and gold to climb even higher. If silver or gold from Canada is tariffed than JPMorgan/etc is going to do everything they can to get London's supply of stuff onshore before those expected EU tariffs hit. This would going to deplete the EU's supply even more, create more of a backlog, more chaos, more chance of running out.
Things are spicy.
They will act tough for a little bit but once the pinch starts to sting. Yeah, they will stop the bullshit. They have no leverage. Except he's a big meany and posts mean tweets.
I understand that there will be pain coming, but will the pain be any worse than the slow bleed we've experienced for the last 30+ years? Sometimes we have to rip the bandage away so a festering wound can get fresh air and light to heal. I would rather pay more for products that are made in American by Americans, knowing that my neighbors are able to support themselves and their families, than seeing our money be sent to foreign nations. Especially those that are hostile towards us.
Sounds like cane syrup is back on the menu.