Trump to tariff Gold imports.

[phetphet]

So Trump is planning to impose tariffs on gold imports of 1 kilo and 100 oz bars? Basically putting a tax on real money.

 

Can any of the more financially talented brains on this site explain how this is a good thing for the American people?  I mean, doesn't this stuff eventually get melted down and minted into other things such as jewellery and coins?

How will people on the street be able to protect their wealth if they are paying way above the odds?

Won't there be a two tier gold price? One for the US and one for the rest of the world?

 

[SunnyinBangrak]

6 minutes ago, phetphet said:

How will people on the street be able to protect their wealth if they are paying way above the odds?

Are these "people on the street" you speak of paying for their groceries with 1kg gold bars? Or are we witnessing yet again, irrational hatred for Donald John Trump causing barmy strawman arguments to be pulled out of dark dank places? 

Let's just trust Trump on this after all those 24/7 for a decade false narratuves turned to be vile seditious hoaxes.

[phetphet]

1 minute ago, SunnyinBangrak said:

Are these "people on the street" you speak of paying for their groceries with 1kg gold bars? Or are we witnessing yet again, irrational hatred for Donald John Trump causing barmy strawman arguments to be pulled out of dark dank places? 

Let's just trust Trump on this after all those 24/7 for a decade false narratuves turned to be vile seditious hoaxes.

Not paying with 1kg bars, but as I mentioned, doesn't this stuff eventually get melted down into jewellery and gold coins? Which is what people on the street buy. 

[chondan]

Gas and grocery prices are the lowest they have been for five years.  Can fill up my Toyota for $20.

[CharlieH]

Already posted....