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Trump’s New 200% European Alcohol Tariff Threat Fuels Recession Fears

President Trump has threatened 200% tariffs on European alcohol, escalating global trade tensions. After claiming on Truth Social that “The Entire World is RIPPING US OFF!!!”, financial markets have dropped sharply, creating economic uncertainty.

This market decline, along with tightening credit conditions, creates challenges for the Federal Reserve during their meeting this week. The Fed must now determine if consumer spending—which drives economic growth—will slow down as households lose net worth from market drops and face harder loan approval processes.

These developments have raised serious questions about whether the U.S. is heading toward a recession or if current economic policies can maintain stability.

GoldSilver video thumbnail showing hosts Maggie Lake and Tavi Costa with the text "Miners Are Printing Money" against a backdrop of gold bars, silver coins, a mining excavator, and a falling stock chart
Videos

Why Is Silver’s Mining Margin So Wide? Tavi Costa Explains

Silver’s recent price drop looks significant. The math behind it tells a different story. Macro strategist Tavi Costa breaks down why the $46 spread between silver’s spot price and its average mining cost is the widest in recorded history — and why that number matters far more than where silver traded last week.

Read More »
Hands in business attire holding a 999.9 fine gold bar on a trading floor, illustrating the divergence between gold ETF outflows and central bank gold buying in 2026
News

298 Tonnes of ETF Gold Is Underwater. Central Banks Aren’t.

Approximately 298 tonnes of gold inside ETFs is currently held at a loss at current price levels — a structural ceiling on any near-term recovery. At the same time, the WGC’s 2026 survey found a record 45% of central banks plan to add to their reserves. Two markets. One metal. Very different time horizons.

Read More »

Latest News

GoldSilver video thumbnail showing hosts Maggie Lake and Tavi Costa with the text "Miners Are Printing Money" against a backdrop of gold bars, silver coins, a mining excavator, and a falling stock chart
Videos

Why Is Silver’s Mining Margin So Wide? Tavi Costa Explains

Silver’s recent price drop looks significant. The math behind it tells a different story. Macro strategist Tavi Costa breaks down why the $46 spread between silver’s spot price and its average mining cost is the widest in recorded history — and why that number matters far more than where silver traded last week.

Read More »
Hands in business attire holding a 999.9 fine gold bar on a trading floor, illustrating the divergence between gold ETF outflows and central bank gold buying in 2026
News

298 Tonnes of ETF Gold Is Underwater. Central Banks Aren’t.

Approximately 298 tonnes of gold inside ETFs is currently held at a loss at current price levels — a structural ceiling on any near-term recovery. At the same time, the WGC’s 2026 survey found a record 45% of central banks plan to add to their reserves. Two markets. One metal. Very different time horizons.

Read More »

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Samantha is wonderful. I was nervous about spending a chunk of money. I asked her to `hold my hand’ and walk me through making my purchase.  
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Travis was amazing! I was having difficulty with a wire transfer of my life’s savings, and I was very worried that I might not be able to receive it all. My husband just passed away and I’ve been worried about these funds along with grieving for 8 months. As soon as I got connected with Travis, my concerns were immediately addressed and he put me at ease. The issue was resolved within days. He even called me back with updates to keep me in the loop about what was going on with the funds. I am so grateful for a customer representative like Travis. He really cares for his clients.

Sam was also very helpful! I called and was connected to Sam within 30 seconds. She helped me with a fee that was charged to my account. She had a great attitude and took care of the fee quickly.

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