Gold hit $3,500 overnight as we’re now tariffing gold?!?

THAT is why the S&P looks like a roller-coaster and it will continue do so as long as our policy is dictated by, as Dennis Hopper put it “THE WHIM OF A MADMAN!” Yes, we are all on a bus with a bomb on it that will detonate if the market stops going at breakneck speed – higher and higher until the lack of oxygen kills us – long before the bomb ever will.
Gold hit $3,500 overnight as we’re now tariffing gold?!? THAT is why the S&P looks like a roller-coaster and it will continue do so as long as our policy is dictated by, as Dennis Hopper put it, “THE WHIM OF A MADMAN!” Yes, we are all on a bus with a bomb on it that will detonate if the market stops going at breakneck speed—higher and higher until the lack of oxygen kills us before the bomb ever will.
Tariffing gold is not policy – it’s a Trump-cartel style hit on our Monetary system. Gold is not glitter for nervous widows – it’s the oxygen mask for every Central Bank, hedge fund, and Billionaire cockroach looking to wait out the coming Financial Apocalypse (oh grow up people – what do you think all this debt is going to lead to?). When Washington slaps a 20% tariff on every imported brick of bullion, we’re not “leveling the playing field”—we’re setting fire to the referee and declaring the match is over.
Gold has anchored global trust for 2,600 years, outlasting every dynasty, bubble, and banana republic coup. The Federal Reserve, PBOC, ECB, and BOE have 36,000+ tons between them(BIS, World Gold Council) and gold is still the ultimate insurance policy against the day when fiat becomes farce.
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Central Banks & Trust: When fiat trust evaporates—think 2008, 1929, Rome AD64, or three weeks from next Tuesday… Gold is the “collateral of last resort.”
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Clearing Balances: $175 billion a day moves through Switzerland, London, and Dubai so that sovereigns, banks, and commodity traders can balance the books outside of any politician’s thin-skinned tantrums.
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Free Movement: Gold as “shadow money” means you can wire value beyond borders and regimes. Tariff it, and you strangle the pump.
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What Happens When You Tax the Very Concept of Money?
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It Signals Raw Panic: Only a Government SO DESPERATE to prop up its sinking ship that it starts bailing out water by drilling holes could see taxing gold as “solution.” FDR did it in the ‘30s, Nixon closed the gold window in the ‘70s – both ended with plunging faith in the Dollar and a rush for tangible value.
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It’s the Black Swan’s Dinner Bell: The smart money gets it: when you can’t trust gold to cross a border, the rules are gone. A gold tariff is a tax on money itself, not just a commodity. It blocks free conversion between dollars and physical value, undermining trust in the US as the world’s “safe asset” home.
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Capital Flees Faster: Institutions will arbitrage, smuggle, or re-label gold as “scrap” and run it through Canada, Dubai, or Istanbul. Bans and tariffs just light up the black market – a place Trump and his cronies also dabble – of course. When rulers attack gold, they drive capital to whatever’s left. The stated intent is protectionism; the effect is to hollow out monetary confidence, and push capital into less transparent, more easily manipulated non-fiat havens – like Crypto!
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It’s a Policy Gift for Autocrats: Global trade relies on the ability to settle accounts in universally trusted units. By weaponizing gold flows, the US tells trading partners and central banks, “You can no longer count on us to play fair when the chips are down.” China, Russia, Saudi Arabia are all eager to build a non-Dollar gold settlement bloc. Congratulations, The President just made their case for them.
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It’s a Trump Pump: The sitting president’s $4.8Bn in Crypto (now north of 60% of his net worth) gets juiced every time faith in gold is shot in the head. If you can’t trust the commodity, trust the cartoon coin, right? This is not “the free market”; this is the wolf herding the sheep off a cliff just for fun. Investors and institutions spot the writing on the wall and get out while they can. Tariffs don’t “capture” value, they encourage avoidance – and build pressure for a breakaway system.
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Gold arbitrages away risk. Markets are SUPPOSED to reward the rational – to let price signals, not tariffs, tell us where trust lives or dies. But markets can’t breathe when you tax the only oxygen left in the “free” markets. The world only trusts the US system as long as rules are PREDICTABLE. Weaponizing gold destroys rules-based trust overnight.
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Settlement trust dies. If you can’t freely move gold, you can’t meet margin calls, settle trades, or backstop crisis swaps.
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Cash becomes a hot potato. Expect capital controls, withdrawal limits, and a black market for everything.
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Volatility goes nuclear. ELPs Knife-edge: the S&P is now just a mood swing algorithm, lurching between forced liquidations and manic glee, because there is no more floor!
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Long-term trust gets torched. Weaponize money’s last backstop and you’re not just burning the house down – you’re salting the earth underneath.
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Tariffing gold is not protectionism—it’s political sabotage. Trump has every incentive to destroy faith in real assets not controlled by his own “Blockchain Army.” He wants a world where value is digital, decentralized and, most importantly, easily manipulated by the regime’s cronies in Crypto Exchanges and offshore tokens. When gold and the Dollar are both under assault, the only winners are those who get to set the rules on the next store of value.
This is NOT how serious nations behave. You wouldn’t see Switzerland, China, or even Brazil torching the foundation of their financial houses JUST to win the news cycle. The U.S. is now playing with matches and monetary gunpowder and, if you don’t think this will ends in tears, you haven’t learned the lesson of every Fiat collapse from the Denarius to the Drachma.
Have a great weekend,
— Phil








