Navigating ‘Crashenomics’
Trump’s tariffs are imploding the global credit bubble destroying everyone’s wealth. But the wise will see this as an opportunity to stack the ultimate refuge cheaply — gold and silver
Due to indiscriminate asset liquidation to pay for mounting losses in equities, gold and silver values fell this week. In European trade this morning, gold was $3095, down $27 from last Friday’s close, but silver was very hard hit at $31.34, down a whopping $2.76. Most of the damage happened yesterday (Thursday) in the wake of Trump’s tariff announcement the previous afternoon.
Unsurprisingly, yesterday’s Comex volumes were exceptionally high, particularly in silver:
