Trump announces steel and aluminum tariffs, stock markets take a tumble
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To hedge against sudden depreciation of paper currencies and the volatility of the stock market...like when the stock market drops -1100 points in 3 days due in part to a buffoon talking about trade tariffs, for example.
And gold is a commodity, and you're trying to tell me that its price doesn't fluctuate?
Sorry, I've made a killing on stocks & bonds over the years and to hedge your future on 1 single commodity is ludicrous.
And gold is a commodity, and you're trying to tell me that its price doesn't fluctuate?...
Check my response, where did I say that it doesn't fluctuate? It does, but less so than fiat currencies, bonds, and stocks. That's why people buy it to use as a hedge during economic downturns.
Sorry, I've made a killing on stocks & bonds over the years and to hedge your future on 1 single commodity is ludicrous.
Again, where did I say to invest in one single commodity? As for gold and precious metals, most financial experts advise to keep around 10% or less of savings and investments in gold, although some more paranoid investors bump it up all the way to 25%
"That which can be asserted without evidence can also be dismissed without evidence”. - Christopher Hitchens "The universe is under no obligation to make sense to you". - Neil deGrasse Tyson -
Gold is what you need for the Zombie Apocalypse.
We're getting closer though.
Perhaps zombie trump could focus on getting a brain of his own first before trying to go after others.
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PS-I bought one of those Zombuck 1 oz. silver dimes for my daughter as a Xmas gag gift because when she lived in Cal. she always told people that when the Zombie Apocalypse came, her Vietnam Vet dad would come save her.
EDIT: And obviously under Trump it's closer because now she moved back here about 5 min. away.
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You've got an ounce of silver? Well hell buddy you're set.
WSS
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And gold is a commodity, and you're trying to tell me that its price doesn't fluctuate?...
Check my response, where did I say that it doesn't fluctuate? It does, but less so than fiat currencies, bonds, and stocks. That's why people buy it to use as a hedge during economic downturns.
Sorry, I've made a killing on stocks & bonds over the years and to hedge your future on 1 single commodity is ludicrous.
Again, where did I say to invest in one single commodity? As for gold and precious metals, most financial experts advise to keep around 10% or less of savings and investments in gold, although some more paranoid investors bump it up all the way to 25%
Check my response, where did I say that it doesn't fluctuate? It does, but less so than fiat currencies, bonds, and stocks. That's why people buy it to use as a hedge during economic downturns.
Again, where did I say to invest in one single commodity? As for gold and precious metals, most financial experts advise to keep around 10% or less of savings and investments in gold, although some more paranoid investors bump it up all the way to 25%
I was a Registered Financial Consultant for almost 15 years, and Jeremy Siegel was one of my favorite instructors.
Dr. Siegel is a finance professor at the Wharton School of Business at the University of Pennsylvania.
His chart of real returns for various investment asset classes, adjusted for inflation, shows what would have happened if you had invested one dollar in 1802 and held it through Dec. 31, 2012. The results:
One dollar invested in Treasury bills would now be worth $282.
One dollar invested in long-term bonds would now be worth $1,632.
One dollar invested in the U.S. stock market would now be worth $706,199.
One dollar invested in gold would now be worth $4.50.
One dollar placed under a mattress would now be worth only five cents, its value eroded by inflation.
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I remember working with a guy back in 1999, and he was concerned about the impending Y2K computer bug.
He bought up a bunch of gold prior to New Years Day 2000.
Guy lost a sh!tload of money, when he tried to get it exchanged for greenbacks.
He should have kept it until about 2010 or 2011.
He should have kept it until about 2010 or 2011.
If you bought gold in 2011, you would still be waiting to get a positive return on your investment...timing is everything.
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I bought a unit ring made of 22K gold from Thailand in 1985, It cost I think arount 169 dollars. Now it is worth almost 2,000.
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I think the tariffs are a good idea. You have to see the reaction from the global economy and adjust. At some point we must begin to transition more towards producers and less from consumers.
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Can't say I really like this. But it's happening, Mexico IS going to pay for that wall.
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Can't say I really like this. But it's happening, Mexico IS going to pay for that wall.
Can't say I really like this. But it's happening, Mexico IS going to pay for that wall.
LOL!
The cost for US to pay for the wall just went down.............................................if we build it out of cardboard rather than 25% more costly steel.
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nah, the drug cartels would figure out a way to cut through it.
Make it out of steel. And in that, Mexico WILL end up paying for the wall. We told ya.
These countries have been taking away our companies for decades.
It HAD TO STOP.
MAGA !
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the dirtbag president of the AFL-CIO won't be happy.
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nah, the drug cartels would figure out a way to cut through it.
Make it out of steel. And in that, Mexico WILL end up paying for the wall. We told ya.
These countries have been taking away our companies for decades.
It HAD TO STOP.
MAGA !
nah, the drug cartels would figure out a way to cut through it.
Make it out of steel. And in that, Mexico WILL end up paying for the wall. We told ya.
These countries have been taking away our companies for decades.
It HAD TO STOP.
MAGA !
The president of Mexico won't even talk to Trump anymore and our ambassador to Mexico just quit. So explain to me exactly in what universe will Mexico pay for the wall?
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nah, the drug cartels would figure out a way to cut through it.
Make it out of steel. And in that, Mexico WILL end up paying for the wall. We told ya.
These countries have been taking away our companies for decades.
It HAD TO STOP.
MAGA !
The president of Mexico won't even talk to Trump anymore and our ambassador to Mexico just quit. So explain to me exactly in what universe will Mexico pay for the wall?
The president of Mexico won't even talk to Trump anymore and our ambassador to Mexico just quit. So explain to me exactly in what universe will Mexico pay for the wall?
Tariffs, and we send back their uneducated criminals so THEY can refill their jails and give THEM welfare.
the whole trade deficit was designed to help the world globally, The demcommunists decided that
"we are the world".
American companies like above, they come back. Guess who doesn't make money off them anymore?
Oh, hell yeah. They pay bigtime for that.
No, we are AMERICA. Build the Wall. Send all mexican gangs back there. Charge them 25 dollars for each one we send back,
and that can help build the wall. That is about 25-50 million right there, plus the enormous cost of MEXICO paying to deal with the dregs of their own making.
Oh, they are going to pay alright.
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Remembers Ag, the payment is metaphorical now
Ja.brill Peppers - Cleveland Brown OldBrownsFan, on 02 Jun 2017 - 5:09PM said: "No you are not the work of the devil but you are deceived by the devil." Who's got it better than us? Nooooobody! -
Remembers Ag, the payment is metaphorical now
So true because I remember when Trump said, "we're going to send dumptrucks and those Mexicans are going to fill them with pesos at gunpoint." Good catch!!
You're going to make a good Chuck Schumer one day.
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nah, the drug cartels would figure out a way to cut through it.
Make it out of steel. And in that, Mexico WILL end up paying for the wall. We told ya.
These countries have been taking away our companies for decades.
It HAD TO STOP.
MAGA !
nah, the drug cartels would figure out a way to cut through it.
Make it out of steel. And in that, Mexico WILL end up paying for the wall. We told ya.
--->These countries have been taking away our companies for decades.<---
It HAD TO STOP.
MAGA !
You know, this will be the third time i've posted this, but it doesn't seem to be sinking in. Perhaps I should break it down into easily digestible chunks and highlight key points in bright colors; maybe then it'll click:
Except...the US steel industry isn't in that bad of shape at all:
1. The American Steel Industry Is Doing Well. In 2016, the steel industry boomed thanks to dramatically increased car sales
2. Nucor, the nation’s leading steel manufacturer, did $16 billion in sales that year. And last year, it’s net earnings increased 65%. The average salary at the company is $80,000; most job loss has occurred thanks to technological advances, not thanks to foreign trade. Nucor’s stock price in 2000 was around $12; today it’s $65.
3. US Steel boomed in 2017; in Q4 of 2016, net earnings were $47 million, but by Q4 of 2017, net earnings were $136 million.
4.Steel Dynamics showed an operating income of $1.1 billion.
5. American production of raw steel has been more or less steady since approximately 1980.
6. As CATO Institute trade lawyer Scott Lincicome points out, U.S. producers control 70% of the steel market, U.S. steel production rose 5% last year, there are already 160 duties on steel imports,
7. --->China ranks 11th in steel importation into the United States<---, we have no defense need for tariffs to preserve the steel industry.
Tariffs, and we send back their uneducated criminals so THEY can refill their jails and give THEM welfare.
the whole trade deficit was designed to help the world globally, The demcommunists decided that
"we are the world".
American companies like above, they come back. Guess who doesn't make money off them anymore?
Oh, hell yeah. They pay bigtime for that.
No, we are AMERICA. Build the Wall. Send all mexican gangs back there. Charge them 25 dollars for each one we send back,
and that can help build the wall. That is about 25-50 million right there, plus the enormous cost of MEXICO paying to deal with the dregs of their own making.
Oh, they are going to pay alright.
National Review: Tariffs Are Taxes: Trump Tariffs Hurt Steel and Aluminum Users and Consumers:
"...President Donald Trump genuinely believes that his steel and aluminum tariffs will save thousands of blue-collar jobs. And we know from our interactions with him that he truly cares about these workers in Pennsylvania, Ohio, and other Rust Belt states. We do, too, and we don’t want factories to shut down.
But even if tariffs save every one of the 140,000 or so steel jobs in America, they put at risk 5 million jobs in industries that use steel. These producers now have to compete in hyper-competitive international markets using steel that is 20 percent above the world price and aluminum that is 7 to 10 percent higher than the price paid by our foreign rivals.
Steel and aluminum may win in the short term, but steel-and-aluminum users and consumers lose.
Tariffs are really tax hikes. Since so many of the things American consumers buy today are made of steel or aluminum, a 25 percent tariff on these commodities may get passed on to consumers at the cash register. This is a regressive tax on low-income families.
Meanwhile, up to 5 million jobs will be put in harm’s way. And if U.S. steel-and-aluminum-using industries sell less to foreigners, the trade deficit goes up, not down..."
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It is going to kill WV. Coal from this state has primarily been staying afloat due to the sale of metallurgic coal to foreign steel producers. If no here wants to buy the foreign steel due to the increase in price, foreign steel producers will not be buying WV coal.
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