Yes, I could see that happening just as you explain it.
I can see China being the net beneficiary of the tariffs. Oil, uranium, gold, silver and other minerals are all wanted by China. If these tariffs hold, I would expect new trade agreements between Canada & Mexico with China for these minerals as well as other exports. Since a big fat finger has been stuck in the eye of both countries, they would have no problem using their own finger in a different manner towards the U.S.
The weaponization of the dollar didn’t turn out very well. I don’t expect the weaponization of trade to be any more successful.
The U.S. needs this silver for the few things they still produce. Like solar panels. Or electric cars. or Weapons.
Badly.
If either Canada or Mexico are not complete fools, they will see who wins the game of chicken instead of exchanging their stuff for pieces of paper with pictures on it that the unhinged tariff guy is just rendering completely worthless in record time.
I understand that Mexico ( & possibly Canada ) are in discussions to avoid these tariffs much in the same way as Colombia has already done - Any updates on this situation ..??
Industrial and exchanged sized bars always have the refiner and country of origin stamped on them. Unless El salvador has a handy refiner and caster available, that would be a non-starter. Switzerland and Austria are the likely countries where that sort of "rebaptism" could take place.
Admire how you’re being a bloodhound on this topic, David. Thank you.👍
Cheers Stephen
Dogged, indeed!
Get me some popcorn!
Yes, I could see that happening just as you explain it.
I can see China being the net beneficiary of the tariffs. Oil, uranium, gold, silver and other minerals are all wanted by China. If these tariffs hold, I would expect new trade agreements between Canada & Mexico with China for these minerals as well as other exports. Since a big fat finger has been stuck in the eye of both countries, they would have no problem using their own finger in a different manner towards the U.S.
The weaponization of the dollar didn’t turn out very well. I don’t expect the weaponization of trade to be any more successful.
The U.S. needs this silver for the few things they still produce. Like solar panels. Or electric cars. or Weapons.
Badly.
If either Canada or Mexico are not complete fools, they will see who wins the game of chicken instead of exchanging their stuff for pieces of paper with pictures on it that the unhinged tariff guy is just rendering completely worthless in record time.
There's certainly no shortage of bids these days.
I can’t see tariffs on gold and silver. They are actual money. What about copper? It would disastrous to putting tariffs on these types of goods
What will this do to our retirement account favorite physical trusts PSLV and PHYS?
Interesting question. Specially since Sprot products are traded globally.
This may cast doubt on the entire tariff structure?
I understand that Mexico ( & possibly Canada ) are in discussions to avoid these tariffs much in the same way as Colombia has already done - Any updates on this situation ..??
Good One David…’The Storm’ is brewing…
https://x.com/fnowisthetime/status/1786832203516952819?s=61
Nice work David. You're going to need to keep your ✏️ sharp.
Work-arounds take time while silver market is tight. Reflexive response is to draw from other sources until alternate methods put in place.
Industrial and exchanged sized bars always have the refiner and country of origin stamped on them. Unless El salvador has a handy refiner and caster available, that would be a non-starter. Switzerland and Austria are the likely countries where that sort of "rebaptism" could take place.
I thought that 'El Salvador ' was a wholly owned subsidiary of the mighty
' Max Keiser - Satoshi Nakamoto Conglomerate ' ....?? .
The burning question here is whether ' Max ' and ' Satoshi ' are one and the same ..??
YES - Surely this is the proven effective work around ...??
OR - Just keep shifting into the open arms of the Chinese , the Russians & many others .