Gold futures jump to record high after US tariffs on cast bars – Gold

https://www.theguardian.com/business/2025/aug/08/gold-futures-soar-to-record-high-after-reports-of-us-tariffs-on-swiss-bars

25•rbanffy•6mo ago

Comments

anigbrowl•6mo ago

The most transparent shakedown in history.

Detrytus•6mo ago

I do not understand why such news would cause gold price to go up... What Trump is clearly aiming for is to replace gold with cryptocurrencies - that's why his recent moves to have his own coin, allow crypto in 401(k), push toward "crypto dollar", and now trying to limit gold inflow to US with tariffs. If this goes as planned then gold will become less relevant in global monetary system, so it should go down, right?

Ancalagon•6mo ago

expected increase in scarcity - supply and demand

Detrytus•6mo ago

Yeah, silly me. Futures are very short-term instruments, not concerned about what this news would mean a few years from now.

futuredan•6mo ago

Not really, each has a delivery date and last day of trading. You can buy a contract for next March if you want. Hence the name.

akomtu•6mo ago

I have a simpler explanation: he's bought a bunch of bitcoins and uses his position to inflate its price. If it's true, at some point he'll decide to cash out and announce that he will make bitcoin illegal to drop its price back. Maybe he'll repeat this cycle a few times.

metalman•6mo ago

shipping gold is essentialy free right now, so the "tariff" is a hint that MOVING gold will get extra expensive, making the gold in various places worth more, possibly much more and Trump is most definitly, a, gold bug with a magic toy

ChrisArchitect•6mo ago

US Adds Surprise Gold Bar Tariff in Blow to Switzerland

https://news.ycombinator.com/item?id=44834456

rbanffy•6mo ago

For some values of "surprise".

https://www.reuters.com/markets/commodities/outflow-london-g...

jazzyjackson•6mo ago

What does a trump have against Switzerland? We don’t make anything they want to buy so they should be punished?

Also why does he get to make trade policy via truth social? Everything is an emergency with him, including not having a monopoly on automatic watches.

deschutes•6mo ago

Average citizen on receipt of news that swiss business is impaired

polotics•6mo ago

One theory is general authoritarian bent against democracy and therefore desire to hinder more democratic countries to make them look less well functioning... indeed hitting Switzerland with much higher tariffs than even China is wild.

readthenotes1•6mo ago

A tax on the movement of Swiss gold is a tax on the wealthy.

I don't foresee this living long

readthenotes1•6mo ago

2 days later, no tarrif on gold

https://truthsocial.com/@realDonaldTrump/posts/1150113256313...

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