FormerTeller
Bronze Member
- Apr 24, 2011
- 1,879
- 1,355
Has anyone given much thought to how Trump's impending trade wars will affect precious metals? I figure in a prolonged trade war, gold may very well go up. However, upon reflection, I think locally silver may go up as well, particularly if many of the items that are having tariffs levied against them use silver heavily in the manufacturing process.
While steel and aluminum are obviously not precious metals, in the construction industry we are already feeling the effects of tariffs; prices for many steel items have risen, as have manufacturing/delivery times. Now I'm wondering about the price of copper and nickel, as well as silver, gold, and platinum.
Any comments? Here is the list of items included in the latest tariffs. https://ustr.gov/sites/default/files/enforcement/301Investigations/List 1.pdf
While steel and aluminum are obviously not precious metals, in the construction industry we are already feeling the effects of tariffs; prices for many steel items have risen, as have manufacturing/delivery times. Now I'm wondering about the price of copper and nickel, as well as silver, gold, and platinum.
Any comments? Here is the list of items included in the latest tariffs. https://ustr.gov/sites/default/files/enforcement/301Investigations/List 1.pdf
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