Gold, Trumps tariffs + potential impact on UK

The Property Nomads Podcast

Rob looks at the potential impact of Trump's tariffs on the UK, exploring the complexities of international trade and the economic implications for both countries. The discussion highlights the nuances of tariffs, using relatable examples to explain how they affect consumers and businesses. Additionally, the episode shifts focus to the rising value of gold, examining its significance as a hedge against economic instability and inflation.

KEY TAKEAWAYS

• Impact of Trump's Tariffs: The potential imposition of tariffs by Trump on the UK may not be as detrimental as it seems. While tariffs increase costs for consumers, the actual impact on the UK economy could be mitigated by the nature of trade relationships and the surplus the UK has with the USA.
• Understanding Tariffs: A tariff increases the price of imported goods, which affects consumers in the importing country rather than the exporters. For example, a 25% tariff on a $100 product would raise the cost to $125 for UK consumers.
• Gold as an Investment: Gold prices have significantly increased over the past 14 to 16 months, reaching around $2,900 per ounce. This rise is indicative of broader economic trends, including inflation and currency devaluation.
• Diversification of Assets: With potential economic instability, diversifying investments, including holding physical gold and silver, is recommended as a protective measure against financial crises.
• Resources for Gold Investment: For those interested in investing in gold, recommended resources include Sharps Pixley, Chards, and Bullion by Post, which provide options for purchasing physical gold.

BEST MOMENTS

"If Trump puts in a tariff on the UK, then basically it's not necessarily detrimental to the UK because it's going to affect the American consumer because they're going to have to pay more."

"Gold going up also means that the value of your fiat currency is going down."

"What could happen from there is that could cause financial catastrophe for the UK."

"This is why having a bit of diversification is useful and this is why gold and silver are well loved by a lot of people."

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