**Special Post: News Item
Good Morning. 2 things. News, then fun
News:
***BREAKING: THE TARIFFS ON SWISS GOLD FORMS ARE NOT AN ERROR ACCORDING TO US CUSTOMS.
**U.S. CUSTOMS AND BORDER PROTECTION SERVICE: APPLICABLE SUBHEADING FOR THE GOLD KILO BULLION BAR AND 100 OZ BULLION BAR WILL BE 7108.13.5500 HS CODE
* Implications: This was planned. its an aggressive tactic, and given we already repatriated a ton of Gold back you can now assume we’d been thinking about this forsome time.
* The Risk: Bifurcation of Gold supply chain and disruption of Gold pricing power in LBMA. US can remain stable.
* Comment/Opinion: They knew…
The skinny
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