Interview with Gary Bohm
This interview with Gary Bohm of Metals and Miners was conducted last week, before Trump went all-in on tariffs.
We still have no clarity on the status of commodity imports to the US with respect to Trump’s tariffs. You will see that in this interview I take the view that they make no sense whatever. Perhaps wrongly, I thought that Team Trump would at least exhibit a modicum of common sense about the consequences for US Industry’s input costs.
Furthermore, tariffs aimed at gold and silver output from Mexico and Canada merely gets refined elsewhere and loses its identity.
Following the tariff announcements on Friday if gold and silver demand was due to the threat of tariffs, on the basis that speculators buy the rumour and sell the fact we would expect to see gold and silver prices retrace much of their recent gains.
This has not happened, with gold unchanged and silver marginally lower (timestamp: 10.00am GMT). They may or may not drift lower later today in New York trading hours.
Anyway, here is the video with Gary:
Well. Now we know. A modicum of common sense there is not, so what now?
Where does it go from here I wonder. America was always about "shock and awe" , or at least they gave the impression that they were the "Goliath and everyone else was the David" when in reality they were not really that almighty. So now we have Trump running around shouting and bawling, puffing his chest and all that jazz and the rest of the world is meant to fall at their feet in fear? Hmm, I don't think so! Next on his agenda is tariffs and again he has shown he is just throwing everything, including the kitchen sink at us in the hope that something will stick. Good luck with that 🤦🏻♂️
Where's anyone with the common sense going to come from? Unipolarity is over, Multipolarity is in. East versus West is setting up for a war unfortunately and we are all stuck in the middle. Will we all just sit on our hands and allow another war to unfold? Or are we just going to sit back and watch as he runs around in circles until his battery runs out? I have no idea🤷🏻♂️
Thank you Alasdair.