I think he’s doing his best to hump everybody simultaneously. That’s very ambitious for a guy who probably hasn’t even been able to see his own dick for the last couple decades.
The Tarriff Hype.
- Thread starter petros
- Start date
Just in time for a new currency after crashing the old...
In response to tariffs, significant amounts of gold have been moved from London to New York, with major banks like JPMorgan and HSBC playing a key role in this shift.
Here's a more detailed look at the gold movement:
Trigger:
The primary driver is a perceived increase in risk and demand for gold in the US, particularly as traders and investors attempt to stockpile the precious metal before potential tariffs kick in.
Scale of Movement:
Since November, a massive influx of gold has flowed into New York, with estimates suggesting around 393 metric tons of gold have been moved into the Comex vaults in New York, This has led to a significant increase in gold inventory at the Comex, with a 75% increase in inventory.
Key Players:
Large US banks like JPMorgan and HSBC have been actively involved in moving gold from London to New York.
Reasons for the Shift:
Tariff Avoidance: Traders aim to avoid potential tariffs that might be imposed on gold imports to the US.
Arbitrage Opportunity: The difference in gold prices between London and New York has incentivized banks to shift their holdings to the US, where demand has surged.
Impact on London:
The gold outflow from London has created a notable shortage of physical gold in the London market, which has struggled to keep up with the demand for the metal.
Physical Gold vs. Paper Gold:
Some analysts suggest that the movement of gold to the US might also indicate an oversupply of "paper gold" (gold backed by financial instruments) compared to physical gold, as traders scramble to secure physical metal.
Gold in Fort Knox:
While not directly related to the current movement, it's worth noting that the US Treasury holds a significant amount of gold reserves at Fort Knox, which is used as a store of gold for the US government. According to Yahoo Finance, 393 metric tons of gold has been shipped from the Bank of England to the US.
In response to tariffs, significant amounts of gold have been moved from London to New York, with major banks like JPMorgan and HSBC playing a key role in this shift.
Here's a more detailed look at the gold movement:
Trigger:
The primary driver is a perceived increase in risk and demand for gold in the US, particularly as traders and investors attempt to stockpile the precious metal before potential tariffs kick in.
Scale of Movement:
Since November, a massive influx of gold has flowed into New York, with estimates suggesting around 393 metric tons of gold have been moved into the Comex vaults in New York, This has led to a significant increase in gold inventory at the Comex, with a 75% increase in inventory.
Key Players:
Large US banks like JPMorgan and HSBC have been actively involved in moving gold from London to New York.
Reasons for the Shift:
Tariff Avoidance: Traders aim to avoid potential tariffs that might be imposed on gold imports to the US.
Arbitrage Opportunity: The difference in gold prices between London and New York has incentivized banks to shift their holdings to the US, where demand has surged.
Impact on London:
The gold outflow from London has created a notable shortage of physical gold in the London market, which has struggled to keep up with the demand for the metal.
Physical Gold vs. Paper Gold:
Some analysts suggest that the movement of gold to the US might also indicate an oversupply of "paper gold" (gold backed by financial instruments) compared to physical gold, as traders scramble to secure physical metal.
Gold in Fort Knox:
While not directly related to the current movement, it's worth noting that the US Treasury holds a significant amount of gold reserves at Fort Knox, which is used as a store of gold for the US government. According to Yahoo Finance, 393 metric tons of gold has been shipped from the Bank of England to the US.
Actually, Canada hits Canadians with another 29.8 billion dollars in taxes in response to Trump hitting Americans with the 25% tariff on aluminum steel, so Trump will respond with…what?….Pick an exorbitant number to hit his own people with in response?
LeBlanc said the American products being hit with these tariffs include U.S.-made steel and aluminum, computers, sports equipment and certain cast iron products, among others, etc…
Canada hits U.S. with tariffs on $29.8B worth of goods after Trump slaps levy on metals — CBC News
The federal government announced a plan on Wednesday to slap tariffs on $29.8 billion worth of American goods to hit back against U.S. President Donald Trump after he imposed punishing tariffs on Canadian steel and aluminum early this morning.
So where is the tariff money going? To me or lesbians in Botswana?View attachment 28050
Actually, Canada hits Canadians with another 29.8 billion dollars in taxes in response to Trump hitting Americans with the 25% tariff on aluminum steel, so Trump will respond with…what?….Pick an exorbitant number to hit his own people with in response?
LeBlanc said the American products being hit with these tariffs include U.S.-made steel and aluminum, computers, sports equipment and certain cast iron products, among others, etc…
Canada hits U.S. with tariffs on $29.8B worth of goods after Trump slaps levy on metals — CBC News
The federal government announced a plan on Wednesday to slap tariffs on $29.8 billion worth of American goods to hit back against U.S. President Donald Trump after he imposed punishing tariffs on Canadian steel and aluminum early this morning.apple.news
It’s not going to you and it’s not going to me. That’s what’s important. The American tariffs are going into the American government piggy bank, & the Canadian tariffs are going into the Canadian government piggy bank, and from there they will fall into a hole and be gobbled up by administration fees I’m assuming.
Laissez les bonnes temps roulez!View attachment 28050
Actually, Canada hits Canadians with another 29.8 billion dollars in taxes in response to Trump hitting Americans with the 25% tariff on aluminum steel, so Trump will respond with…what?….Pick an exorbitant number to hit his own people with in response?
LeBlanc said the American products being hit with these tariffs include U.S.-made steel and aluminum, computers, sports equipment and certain cast iron products, among others, etc…
Canada hits U.S. with tariffs on $29.8B worth of goods after Trump slaps levy on metals — CBC News
The federal government announced a plan on Wednesday to slap tariffs on $29.8 billion worth of American goods to hit back against U.S. President Donald Trump after he imposed punishing tariffs on Canadian steel and aluminum early this morning.
