US hits one-kilo gold bars with tariffs in blow to refining hub Switzerland

The US is in the last phase of self-destruction, moving from a liberal democracy to a king autocracy.

Wondering when something like this would occur. After all the US confiscated all gold bullion and coins in 1933. they did pay for it at $20.67. Then in 1934 bumped it up to $35 an ounce.

That was a wicked thing to do. Greedy and selfish

Well it certainly didn't go down too well. The wiki article makes interesting reading. Including a Swiss banking Company which was knobbled. History has repeated itself, it does but not in the exact selfsame way.
https://en.wikipedia.org/wiki/Execut...ed%20States%22.

Technically, both a King (Monarch) and a President hold the same function as being the head of the Executive/Administrative arm of government.

Modern monarchs are relatively harmless. Possibly the most well known one is that of the UK, with King Charles. There are many others.

They are heads of state, but have little or nothing to do with the daily running of the country.

Maybe not all - I don't know much about the middle eastern kingdoms.

Wasn't there a whole matter of getting official gold reserves audited, about a year or so ago? Was that Trump?

The angle being that the confiscated gold was never returned and is now and always has been registered as official reserves. Something like that.

edit - this, from the Wiki link (but I think that there is more to the story) -

The US Treasury also came into possession of a large number of safe deposit boxes due to bank failures. During the 1930s, over 3000 banks failed, and the contents of their safe deposit boxes were remanded to the custody of the Treasury. If no one claimed the box, it remained in the possession of the Treasury. In October 1981, there were 1605 cardboard cartons in the basement of the Treasury, each carton containing the contents of one unclaimed safe deposit box.

Oh, could be worse - the US had just been through about a whole decade or so of prohibition....

Mybe gold will down and deep, with tariff, gold not "special items "anymore. Maybe..

Bullish for Gold

what happen to US nowadays...

Becareful!! The market is BUY!! wait for rebound .Today is FLY DAY

why does the US have it hard on for the Swiss? Whats Trumps beef?

is it bull or bear for gold today if its bull then where we put the order limit to buy ?

Whatever happaned with gold this is beginning of the end of US market.. degrading any imp[act of us on global econonomu just to stabilize markets, great gambler just lost the game just don't know it yet, or maybe he is..

sharing done

recent support

I like this turn of events. Will Gold still hold it's power as a safe haven?

buy limit @ 1400

bullish or bear?

This size is ideal for money laundering. Trump was right to impose this tariff on a well-known illicit activity facilitated by Swiss smelters.

Sucks for US consumers.

buy or sell

is it bad for CHF or good?

is it bull oR bear for gold today if its bull for gold then where is the order limit to buy gold?