Trump has placed a 39% tariff on gold bar imports from Switzerland. Is gold about to take off?!
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In this video talk about how Trump placed a 39% tariff on gold bar imports from Switzerland. These gold bar tariffs are for the 100 oz and 1 kilo gold bars. Switzerland is one of the main places that the US gets their gold from. These gold bars are needed on the COMEX and this sent gold futures skyrocketing. Gold futures hit a high of $3,534 per oz setting a new record high. This is the highest that gold futures prices have ever reached in all of recorded history. Will this have an impact on gold premiums for physical metals? The CEO and COO of SD Bullion talk about this and the link to their full video is below. I did not expect a tariff to be placed on gold as I mentioned earlier this week that is was unlikely, but here we are. This is history being made in the gold and silver space and we will see how this all unfolds.
Full SD Bullion Video on Gold Tariffs:
• Gold Mayhem! Swiss Tariff Shock Causes $10...
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