Topic: Gold Tariffs

Silver prices surged to over $113 per ounce as global economic volatility increases following President Trump's tariff threats against China and Canada. In Germany, the government is facing calls to repatriate its gold reserves from the United States due to a lack of trust in American vaults. These developments signal a breakdown of the old globalist order and a return to tangible asset-backed economies.

Donald Trump issued a statement clarifying that gold will not be subject to tariffs, following market upheaval regarding Swiss bullion imports. The initial threat of a 39% tariff on Switzerland reportedly exposed the massive "short positions" held by major banks. By clarifying the exemption, Trump stabilized the market while demonstrating his leverage over the international banking system.

Economist Dr. Kirk Elliott reports that China is dumping US Treasuries to raise cash as its banking system faces a crisis, with 40 banks reportedly going under in three days. He explains that this "garage sale" of US debt is driving up gold prices and is a direct result of Donald Trump's tariff policies.

The Dow Jones Industrial Average saw a significant drop while gold and Bitcoin surged, fulfilling predictions of a global financial realignment. Jerome Powell is criticized for refusing to lower interest rates, while the European Central Bank has already begun cuts. Trump has retaliated against Powell's "attacks" on the U.S. recovery, calling for preemptive rate cuts to prevent economic slowing.

While some tariff implementations have been described as "ham-fisted," Elon Musk and the administration argue that making mistakes is better than "getting raped" by unfair trade deals. Trump is reportedly considering "tricks up his sleeve" such as partially backing the currency with gold to stabilize the balance sheet. The current strategy uses a "carrot and stick" approach to bring belligerent nations like China to the negotiating table while rewarding cooperative allies.

President Trump is set to launch "Liberation Day" by implementing tariffs against trade partners like China and Japan, who currently impose high duties on American goods. In anticipation of this economic shift, gold prices have surged to record highs above $3,100 per ounce. Market activity at COMEX shows an unprecedented demand for physical delivery of gold, suggesting that major entities or governments are moving away from paper contracts.

Vladimir Putin and the BRICS nations aim to de-dollarize the global economy by backing a common currency with gold. Donald Trump counters this by proposing reciprocal tariffs and potentially backing the U.S. dollar with gold reserves. Dr. Kirk Elliott notes that according to the U.S. Debt Clock, gold should be valued at over $12,000 an ounce based on the M3 money supply.

The CME Comex depositories in New York are seeing record-high gold inventories as metals are pulled from international systems. Treasury Secretary Scott Bessent and Donald Trump have discussed "monetizing the asset side of the US balance sheet," which could involve revaluing the nation's 8,500 tons of gold at current market prices. This strategy could potentially allow the US to pay off the national debt by marking gold to market value.

Significant movements in gold deliveries were recorded in January, totaling $5.2 billion. Trump has unveiled new tariffs on India and the EU to force reciprocal trade agreements. In the Middle East, the Lebanese PM has formed a new government including Hezbollah, while Israeli troops have reportedly withdrawn from a key corridor in Gaza.

A significant run on physical gold and silver is reportedly underway at the governmental and industrial levels. The Bank of England is facing shortages, with delivery times for gold increasing from a few days to eight weeks as metal is moved to New York to avoid upcoming tariffs. Dr. Elliott predicts silver could reach $50 to $126 per ounce based on current industrial shortfalls and inflation metrics.

Dr. Kirk Elliott, a leading precious metals broker, joins the show to analyze Donald Trump's economic policies and the benefits of silver as a hedge against inflation. He argues that Trump's plan to use tariffs and cheap energy will revitalize American industry while hurting globalist competitors. Elliott emphasizes the importance of moving assets into tangible goods like gold and silver to protect wealth from the failing fiat system.

Silver is expected to outperform gold in the coming months, with a "ratio trade" potentially allowing investors to increase their gold holdings for free. Dr. Kirk Elliott highlights a massive industrial supply shortage in silver that poses a threat to national security. Tariffs on silver-producing nations could further drive up prices, benefiting those who hold physical metal before the supply chain disruptions intensify.

The discussion supports Donald Trump's proposal for tariffs on foreign goods to encourage domestic manufacturing and job growth. Kirk Elliott emphasizes that while tariffs may cause temporary price increases, they strengthen the national economy long-term. Listeners are encouraged to visit KEPM.com/gold to secure their assets in precious metals.

While supporting Donald Trump, Adams notes that his proposed 100% tariffs combined with dollar devaluation could lead to 1,000% higher prices for imported goods. This shift is expected to force a resurgence in domestic manufacturing but will initially impoverish many Americans. Holding physical gold and silver is recommended as a primary means of financial survival.

Economist John Paulson warns of a market crash under Kamala Harris's tax plans, while Donald Trump proposes replacing income tax with tariffs. Silver is seeing massive support from India and industrial demand, while Russia has launched a digital ruble that is partially gold-backed. Dr. Kirk Elliott concludes that the 2024 election is the most pivotal moment for the future of the American republic and its currency status.