The Trump era could wind up like the 1930s

MarketWatch/Paul Brandus

“Even so, the president thought one thing was needed to make things better: tariffs on America’s trade partners. Many economists and lawmakers argued against this, saying it would hurt trade, kill jobs and slow, if not contract, the economy. The president dismissed their reasoning, and into place the tariffs went. As economic uncertainty mounted, many investors moved into gold, which was perceived as a safe haven (so much so that the Treasury feared it might run out of bullion).

USAGOLD note:  That move to gold in the early 1930s had to do with the metal’s safe haven attributes and the growing threat of systemic risks.

Repost from 8-25-2019

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