Gold Breaks a New Record
In a special video released yesterday, Peter discusses the ongoing fallout from President Trump’s tariff policy and the broader implications for the American economy. He outlines how the tariffs are not only ineffective but also counterproductive, worsening the trade deficit and the nation’s competitiveness. Additionally, Peter highlights the growing demand for gold amidst economic trouble and suggests strategic opportunities for investors looking for sound money alternatives.
Peter opens the video by summarizing market movements before and after yesterday’s tariff pause. These tariffs, he believes, demonstrate a policy blunder masked as victory:
Today the price of gold rose by better than $100 an ounce. This was the biggest one-day dollar increase in the price of gold in the history of gold. And in fact, gold was up better than $100 even before President Trump announced that he was pausing the global trade war that he launched last week. Now once that news came out, there was a big rally in the stock market. Gold initially surrendered some of those gains, but it quickly recovered and closed back near the highs just under $3,100 an ounce. … I think the President and his advisors tried to find a way to surrender but make it appear as if they were declaring victory.
Peter then emphasizes the root cause behind America’s persistent trade deficits, highlighting the nation’s lack of savings and investment. He contends that excessive spending an
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
