Gold spot back under $3400
Re: Gold spot back under $3400
by Lemon Thrower » Fri Aug 08, 2025 4:16 am
The U.S. put a 39% tariff (a tax) on certain gold bars (1 kg and 100 oz) that come from Switzerland. These specific bars are the exact ones used to settle gold futures contracts on the COMEX, the main U.S. gold exchange. Switzerland is the world’s biggest gold refiner, and a large portion of gold going to COMEX comes from there.
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Re: Gold spot back under $3400
by 68Camaro » Fri Aug 08, 2025 10:49 am
There is some confusion about whether the tariffs will be applied to reprocessed gold bars, or not. Some think they have been exempted, others are concerned they will not be.
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The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
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The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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