🚨 TRUMP EXEMPTS GOLD FROM TARIFFS
Last week, confusion over tariffs sent gold prices to a record $3,534.
Traders feared gold tariffs would slam the bullion market.
But today, Trump ended the panic with 4 words:
“Gold will not be Tariffed!”
🧵👇
Last week, confusion over tariffs sent gold prices to a record $3,534.
Traders feared gold tariffs would slam the bullion market.
But today, Trump ended the panic with 4 words:
“Gold will not be Tariffed!”
🧵👇
2/ The scare started when a U.S. Customs ruling suggested imported gold bars could face country-specific tariffs — up to 39% for Switzerland, the world’s refining hub.
That would have wrecked global gold supply chains overnight.
That would have wrecked global gold supply chains overnight.
3/ The result?
📈 Gold futures hit $3,534.10, a record.
📈 Spot gold jumped above $3,390.
📈 The premium between U.S. futures & global prices exploded to $100+.
Markets feared the U.S. might break the gold trade.
📈 Gold futures hit $3,534.10, a record.
📈 Spot gold jumped above $3,390.
📈 The premium between U.S. futures & global prices exploded to $100+.
Markets feared the U.S. might break the gold trade.
4/ Trump stepped in fast. On Monday he posted on Truth Social:
"Gold will not be Tariffed!"
He also ordered an executive clarification to kill the rumors — ending the confusion before it wrecked markets.
"Gold will not be Tariffed!"
He also ordered an executive clarification to kill the rumors — ending the confusion before it wrecked markets.
5/ Within hours:
📉 U.S. gold futures dropped 2.4%.
📉 Spot gold fell 1.2%.
📉 The panic premium began shrinking.
Analysts called it an “enormous relief” for the bullion market.
📉 U.S. gold futures dropped 2.4%.
📉 Spot gold fell 1.2%.
📉 The panic premium began shrinking.
Analysts called it an “enormous relief” for the bullion market.
6/ Switzerland — the biggest gold refiner on Earth — dodged disaster.
Without Trump’s call, 39% tariffs could have shattered the flow of bullion to the U.S., warping prices worldwide.
Without Trump’s call, 39% tariffs could have shattered the flow of bullion to the U.S., warping prices worldwide.
7/ Trump was never going to block gold flows into the U.S. Quite the opposite.
And with five states making gold legal tender again, those flows are likely to skyrocket over the next few years.
rodmartin.org/p/making-gold-…
And with five states making gold legal tender again, those flows are likely to skyrocket over the next few years.
rodmartin.org/p/making-gold-…
8/ Gold isn’t just a metal — it’s a backbone of trust in the system.
And when the system is threatened, he fixes it fast. No endless “task forces,” no bureaucratic drift — just action.
And when the system is threatened, he fixes it fast. No endless “task forces,” no bureaucratic drift — just action.
If you enjoyed this content, please like and share, and also sign up for your FREE or PREMIUM subscription to my newsletter at .RodMartin.org
• • •
Missing some Tweet in this thread? You can try to
force a refresh
