Silver Is On A Tear Today

Tariffs do hurt the world's economy. However, every country has them. The US surge in tariffs is retaliatory against other nations tariffs on the US. The goal was to get the rest of the world to level the playing field and drop theirs. It was a negotiating tool for that means. Nothing more, nothing less.

 

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All notes above $100 were done away with as a means to stop drug trafficking and counterfeiting. You can still get them but they must be signed for when you pick them up and spend them. And not everyone or business will accept them. It forces you to use $100 notes.
Also, tariffs are used by every country in the world.

 

I've been watch the show Landman to quote the show, the oil and gas industry makes roughly $3 billion a day in profit, a $20 drop shouldn't be a problem.

 

Whoa, What?
The $500 and $1000 bring a premium and I always heard if a bank gets them they are required to turn them over to the government for disposal.

 

I dealt with tariffs for many years. Most of them were 1-5%. A few higher. Whenever a tariff changed (upwards, and rarely 1-2% changes), we then passed those price increases on to our distributors or major retailers. It was never a problem with them, as they were very aware of the laws/ Tariffs, and they passed those price increases directly on to the Consumer. Don’t let anyone fool you, Tariffs are another name for IMPORT TAXES. That is the definition of Tariffs, and they are ultimately paid by the Consumers of the country that sets the tariff rates (also called Customs or Duties).

No country, or foreign agents pay those Tariffs. They are paid by the IMPORTING company that are domiciled within the Importing Country, and those costs are ultimately passed on to their Consumers.

The reason why increased Tariffs are a threat to other countries is because DEMAND for those increased tariffed goods will DROP because of the increased PRICES for those goods that are burdened with those increased Tariffs. Goods become more expensive, Consumers don’t have the budgets, and then they buy less. Simple equation, and undercuts a nations economic growth.

 

Message deleted to appear more politically neutral.

 

I think we're venturing a bit too far into politics here. Let's not get the thread locked, shall we?

 

Agreed. Let's talk about silver.

 

You should check out BARRON'S this week as they have a cover story on The Dollar.

You have to remember the Dollar is the world's reserve currency. If you don't print a supply that is enough to satisfy U.S. domestic AND global demand....you risk recession and depression much as in the 1920's when the Fed and Bank of France were both too tight.

Probably, but we're doing OK GDP-wise. I'd like to see all non-security/non-defense tariffs taken down to 0%. Ball's in the WTO's court.

But a few $100 bills today gets you a nice HDTV or a washer and dryer. You couldn't get a color TV in 1954 for a few $1 bills.

 

In fairness, it was also done haphazardly, and at times with nothing to do with economic or military security.

Penalizing the UK -- with whom we have a trade SURPLUS -- was ridiculous. And some of the other tariffs were imposed or threatened for non-trade reasons.

Nobody has come off good on this tariff thing: not the president, congress, other countries, or the media. Maybe only the U.S. Supreme Court.

 

Love it. Keeps CT from being like dozens of other places on the internet for people to argue.

 

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Today is Sunday, Tomorrow starts a new week, Will I get a paycheck from JM so I can buy some ground Chuck?

 

Overseas markets open this evening. I’m anxious to see how the trading for silver goes. Gold as well.

 

And how many $1 bills would you have needed for a coronary bypass?

 

I guess Monday is still a state holiday in China. I'll be watching with even more interest Monday night (US time).

 

Yes, getting back to silver. I think it will hang around here for a while then drift back down once the excitement ends, but will for years be higher than before. Going down always takes a while since too many people are looking for the rebound. It takes a year or two of fresh production to force the issue, and we will get a ton of fresh production with the new copper production being pursued. Why do I think that? Because this is exactly what happened in 1980 and 2011. The market can go down but PM dealers will increase their overages to "not lose money".

The point about the USD is the world needs/wants fiat. Everything is built on it. So the USD does not need to be good, it can be downright ugly, but if its not quite as bad as the alternatives it will still maintain strength. When running away from a bear you do not need to be the fastest, just faster than the slowest. So therefore the doomsday scenarios never attract me. However, I do think USD bonds could be hurt, I would be more of a fan of owning assets than USD Bonds.

 

Yes, I agree if we were living in "Leave it to Beaver" times 1950s. But we live in 2026, where frankly a $100 bill has buying power of a $1 note circa 1958. A 2026 $1000 note = $10 1958 note. Plus drug dealers use BITCOIN and some like Escobar, gold bars to transfer wealth or RARE gold coins like the cartel guy picked up all the Lissner Latin American stuff 2015.