Illya Gerasymchuk
Entrepreneur / Engineer
the tariffs are not on all gold imports - just on a specific configuration - 100oz/1kg bars
this alone won't skyrocket the price of gold, but it adds to the existing breakout pressure
tariffs on gold decentivize gold imports
higher import tax is a disincentive. not sure what' the benefit to having less gold come into US
there's plenty of buyers in Asia who will happily take it. soon you will see more central banks expanding their balance sheets with gold