Tariffs on Gold, Gambling in 401(k)’s — Signs of A Crack-Up Boom?

PAF

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August 08, 2025




President Trump put a whopping 39% tariff on gold from Switzerland. Is it really about a trade imbalance? Or is there more to such a drastic tax? Also this week, the President took steps to allow 401(k)'s to include crypto and private equity? Is there are relation between these two policies? A huge tax on a global safe haven asset, and easier access to high-risk assets?


 
President Trump put a whopping 39% tariff on gold from Switzerland.
And the gold futures hit an all-time high as the markets go crazy trying to figure out if it's a golden TACO or not.
  • US gold futures hit an all-time high of $3,534.10
  • US customs ruling sparks uncertainty for gold industry
  • Some gold players stop flying bars to US
  • Switzerland says tariff talks with US continue
  • Palladium down over 1%
 
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