Gold Gains, Silver Swings: Precious Metals React to Tariff Chaos and Inflation Mistrust
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Tariff Turbulence Shakes Metals Markets
U.S. tariff rates surged to an average of 18%, with Brazil hit hardest. Sudden copper tariff exemptions triggered a 20% price collapse, wiping out the U.S. futures premium over the LME. -
Copper as a Strategic Stockpile
The U.S. has quietly built onshore copper inventories since Trump’s re-election, possibly signaling future industrial demand for the metal amid continued high historical pricing. -
Gold and Silver Prices Diverge
Spot gold closed strong at $3,362/oz, while silver ended at $37/oz. The gold-silver ratio widened to 90, reflecting relative strength in gold over recent weeks. -
Precious Metals as Inflation Truth-Tellers
The report criticizes the Bureau of Labor Statistics' inflation data revisions, suggesting precious metals remain a more reliable long-term barometer of purchasing power. -
Fiat Fallout and the Fed’s Fragility
Fed Governor Adriana Kugler resigned unexpectedly. The move follows labor data revisions that erased over 250,000 jobs previously reported in May–June 2025—a pattern historically signaling recession. -
Presidential Intervention in Data Transparency
President Trump fired the BLS Commissioner, spotlighting the long-standing issue of data manipulation—particularly CPI inflation metrics that obscure real wealth erosion. -
Silver Squeeze Sentiment Persists
Despite volatility, individual silver stackers are leaning into physical silver—especially constitutional 90% U.S. silver coins—encouraged by "at spot" deals promoted by retailers. -
Historical Lessons: The Great Taking
A 1932 photo of a man demanding lost bank savings symbolizes why physical bullion is favored over fiat and bank trust. The update draws parallels between then and now, urging savers to think in real value. -
CPI vs. Gold-Based Calculations
AI tools like Grok relying on CPI data significantly undervalue historical dollar equivalents. The newsletter recommends using gold price history instead for more accurate inflation-adjusted valuations. -
Bullion as a Lifeboat in Economic Storms
The underlying message: whether facing manipulated inflation data, recession signals, or financial censorship, owning physical precious metals is a way to maintain control and protect wealth.
As tariffs roil commodity markets and the Fed faces credibility questions, gold shines while silver remains volatile—driving renewed interest in physical bullion as a hedge against economic distortion.
Eventful week in bullion related news as Trump Administration's tariff deals come into effect today August 1st, 2025.
US average tariff import rates near now 18% according to the latest data. The largest tariff rate seems to be slapped on Brazil for now.
There was a whole lot of chaotic financial news today, so let's begin with the mid week melt down in copper prices stemming from the sudden exemption of refined copper from tariffs which led to a record large price drop of over -20% in a matter of 48 hours to follow.
Here's India CNBC-18's Manisha Gupta covering the copper price meltdown story yesterday.
So like that, the record high US copper futures premium over the London Metals Exchange was wiped out this week.
If we look at US onshore copper inventory builds since the Trump administration won the election, it becomes somewhat clearer the point of much of this was to build inventory levels onshore for more copper demand to come.
With a longer view of copper prices over centuries, we are still at historically high copper prices, and barring a deflationary collapse of the global economy anytime soon, hard to imagine the bid on copper won't resurge in time.
In fiat Federal Reserve news, Board Governor Adriana Kugler stepped down today supposedly out of the blue following Trump's meeting with Jerome Powell last week.
Mrs. Kugler celebrated her by claiming her service helped achieve the alleged fiat Fed dual mandate of bringing down prices, and keeping a strong and resilient labor market.
Ironic because earlier today the Bureau of Labor and Statistics known by the acronym the LBS (the same organization that habitually lies to everyone about price inflation data). Well they had a mammoth revision to the last few months of supposed US jobs growth.
It seems 258k jobs claimed in May and June 2025 went to job heaven. The only larger revision I can find on record was admitted during the Covid 2020 job market meltdown.
Recession shot callers like David Rosenberg were quick to point out 3 months in a row like this has been a recession predictor with 100% accuracy over the last 60 years running.
So yea, here is US job creation entropy in one more chart, May through July 2025.
Late this afternoon, President Trump took to his Truth social to announce the firing of the BLS' Commissioner of Labor Statistics effective immediately.
Not surprisingly, he made no mention about how the BLS also persistently rigs US price inflation data for now decades running on a compounding basis. This has been the case increasingly ever since gold and silver almost broke this full fiat currency system in Jan 1980. The effect of their persistent inflation data rigging has mostly screwed over elderly US pensioners whose purchasing power often diminishes as they age out of this plane of existence.
Given that President Trump was in the mood to rant about fake rigged data reports, stick around for on the flip side of this break we're going to do a quick expose on how badly misinformed both general Artificial Intelligence users are and the general population remains seemingly on mass. Unable to ask the right critical thinking questions.
I'll also give you some free tools to equip you with the knowledge and know how for how to fight back such ignorance when you spot it seemingly everywhere.
The silver and gold markets were a mixed bag this week with gold closing strong today.
The spot silver price ended at $37 oz bid.
The spot gold price closed at $3362 oz bid.
The spot Gold Silver Ratio climbed on gold's relative strength over silver to end the week at 90.
Understandably one month of emotional silver price up and down swings may have effected some with shorter term time horizons.
Didn't stop me from Silver Squeezing more silver bullion and 90% Constitutional US Silver Coins at spot on the last few trading days of July.
Check out SD Bullion Deals for such silver at spot price offers this weekend.
Onwards to the final portion of this week's Bullion Market Update, we're headed to New York's financial district right next to Wall Street specifically on 14th Street in the year of 1932.
Wow look at that towering bank building.
What an impressive lobby. And then October 1929, and it's gone. It's gone, your unsecured savings at the bank, they're all gone. Great Taken.
Now I tried to find the name of this poor elderly man in the image but alas his name was not to be found in my research. I wish I knew more about his life's story.
Well here he was holding a homemade sign that says, "I DEMAND MY LIFE SAVINGS $2950 FROM THE BANKERS TRUST CO 14 WALL ST. NY". The old black and white 1932 photograph, attributed to Fred Zinnemann, shows the financial hardship and desperation people faced during the Great Depression also now known in modern financial parlance as the Great Taking (search the name David Rogers Webb, if you want more back story).
Anyways, there I was rummaging around the too often modern hell scape that is Twitter X when I stumbled upon a Silver Squeeze meme'r making refreshed copies suggesting physical bullion over derivatives.
Preach brother.
So I scrolled down, and of course found the now becoming more ubiquitous @GROK request asking the Twitter X social media Artificial Intelligence search engine the obvious question many onlookers might have.
"@Gork how much is that amount in today's money?"
Grok: Assuming the $2,950 life savings from the 1932 photo, adjusted for US CPI inflation, that's equivalent to $63,770 in 2025 dollars.
I couldn't allow that CPI bot to get away with that so I politely rebuffed him with the fact that $2,950 of Great Taken bank savings in the late 1920 and early 1930s was closer to now a half fiat million dollars in saving now in 2025 gold equivalent.
At least the half truth telling bot came clean in response.
Grok's original rigged BLS CPI response was less than 14% accurate.
Apprentice Trump, do the honors.
OK, let's finish seriously. I told you I would give you a tool to use in tossing the BLS' rigged Consumer Price Inflation data to the curb.
The best way to track actual price inflation over the long haul is by using historical gold price data in your calculations.
You can visit SDBullion.com/gold-price-history
Down the page you can even find gold prices by trading day from 1968 through 2023.
So instead of being lied to about inflation or letting other people say things that are flat out inaccurate to tune of 13% accuracy.
I'm looking at you Facebook, Instagram, etc.
Whatever this poor man's name or story was, I am quite sure he would appreciate us setting the record straight now in 2025 and beyond.
That will be all for this week's SD Bullion Market Update.
References:
Copper Falls Overnight As US Announces 50% Tariff Precious Metals Slide As Fed Keeps Rates Unchanged
https://youtu.be/U3H17HK8eq4?si=cXRVaAsx-AJ-6qxT
"The Great Taking" Doesn't Work if You Own Bullion
https://www.youtube.com/watch?v=tEeKHbzAK0U
