print-icon
print-icon
premium-contentPremium

US GDP Tumbles Because Of... Soaring Gold Imports?

Tyler Durden's Photo
by Tyler Durden
Tuesday, Mar 04, 2025 - 03:35 AM

This article is so good
it's for premium members only.

Does that sound like you?

Already a member? Sign in.

PREMIUM


ONLY $30/MONTH

BILLED ANNUALLY OR $35 MONTHLY

All BASIC features, plus:

  • Premium Articles: Dive into subscriber-only content, market analysis, and insights that keep you ahead of the game.
  • Access to our Private X Account, The Market Ear analysis, and Newsquawk
  • Ad-Free Experience: Enjoy an uninterrupted browsing experience.

PROFESSIONAL


ONLY $125/MONTH

BILLED ANNUALLY OR $150 MONTHLY

All PREMIUM features, plus:

  • Research Catalog: Access to our constantly updated research database, via a private Dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)

A few weeks ago, when discussing the unprecedented transfer of physical gold out London and other locations, and into comex gold vaults located under New York, we pointed out the truly unprecedented surge in US gold imports in the month of December, which confirmed the flood of metal into the US.

As it turns out, the explosion in gold imports - the result of growing skepticism in the financial system, concerns of future dollar weaponization (the current record gold price is the result of massive gold purchases by central banks in the aftermath of the Ukraine war), and to a lesser extent, tariff concerns - also had another, far more unexpected consequence: it crashed US GDP.

Want more of the news you won't get anywhere else?

Sign up now and get a curated daily recap of the most popular and important stories delivered right to your inbox.