Anyone care to speculate on the 39% Swiss gold tariffs?
Buying physical gold/silver
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Last: 4 days ago by techno-ag
Huge discrepancy between gold futures and spot gold right now. Someone getting squeezed?
Tariff news I think
Fitch said:
Anyone care to speculate on the 39% Swiss gold tariffs?
Kilo gold bars are going to have one helluva premium attached to them.
Swiss Gold Tariff
Yukon Cornelius said:
Tariff news I think
For sure. But my point is that spot gold isn't moving so far. Only paper gold.
Futures vs spot
Heineken-Ashi said:Yukon Cornelius said:
Tariff news I think
For sure. But my point is that spot gold isn't moving so far. Only paper gold.
With all of the gold re-valuation talk and this tariff, it starts to smell like Trump is trying put an end to the precious metals paper markets. Wouldn't that be glorious?
Halfway through the first quarter of this admin. More done to-date than in some whole presidencies - willing to bet that bigger moves are still ahead.
Good luck delivering gold in the COMEX or LBMA if you're short and the buyer is standing for delivery.
If this happens to enough contracts they'll change the rules to cash settlement and the COMEX / LBMA will be toast. And then gold shall truly run
If this happens to enough contracts they'll change the rules to cash settlement and the COMEX / LBMA will be toast. And then gold shall truly run
Buy the rumor, sell the news
https://www.bloomberg.com/news/articles/2025-08-08/white-house-to-clarify-misinformation-on-gold-tariffs?srnd=homepage-americas
Quote:
The Trump administration suggested it would issue a new policy clarifying that imports of gold bars should not face tariffs, after the US government stunned traders by ruling that they would be subject to duties.
The White House intends to post an executive order in the near future to clarify what an official called misinformation about the tariffing of gold and other specialty products. The official detailed the plans Friday on condition of anonymity.
Spot gold and futures prices on New York's Comex fell after the White House statement.
Industry figures had previously understood that bars would be exempt from President Donald Trump's so-called reciprocal tariffs, including a 39% on goods from Switzerland, a major exporter of the precious metal. But when a Swiss gold refiner asked about it, US Customs and Border Protection ruled that one-kilogram and 100-ounce gold bars are subject to the levies, according to an agency letter.
The order could calm a market that was rocked by the prospect of a tariff on gold imports.
https://www.bloomberg.com/news/articles/2025-08-08/white-house-to-clarify-misinformation-on-gold-tariffs?srnd=homepage-americas
Heineken-Ashi said:
Buy the rumor, sell the newsQuote:
The Trump administration suggested it would issue a new policy clarifying that imports of gold bars should not face tariffs, after the US government stunned traders by ruling that they would be subject to duties.
The White House intends to post an executive order in the near future to clarify what an official called misinformation about the tariffing of gold and other specialty products. The official detailed the plans Friday on condition of anonymity.
Spot gold and futures prices on New York's Comex fell after the White House statement.
Industry figures had previously understood that bars would be exempt from President Donald Trump's so-called reciprocal tariffs, including a 39% on goods from Switzerland, a major exporter of the precious metal. But when a Swiss gold refiner asked about it, US Customs and Border Protection ruled that one-kilogram and 100-ounce gold bars are subject to the levies, according to an agency letter.
The order could calm a market that was rocked by the prospect of a tariff on gold imports.
https://www.bloomberg.com/news/articles/2025-08-08/white-house-to-clarify-misinformation-on-gold-tariffs?srnd=homepage-americas
Now do Swiss watches.
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