Trade War Incoming? Trump’s 25% Tariffs, Gold’s Record Highs & Fed’s Next Move | David Rosenberg

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  • Опубліковано 7 лют 2025

КОМЕНТАРІ • 264

  • @kitco
    @kitco  7 днів тому +17

    At the time of taping, tariffs were delayed-then, around the 30-minute mark, the news flipped again. Tariffs are back on. Stay tuned.

    • @centralmountain4241
      @centralmountain4241 7 днів тому

      This Rosenberg fella seems to be holding back his eructation. Maybe he ate a big cheeseburger before the discussion.

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    @BanwarilalKumawat-ij6tp 4 дні тому +61

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      @BanwarilalKumawat-ij6tp 4 дні тому

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  • @sharmainedotterer8159
    @sharmainedotterer8159 6 днів тому +140

    I'm 38 and worried about the impact of inflation on my savings. I've got $150,000 in a high-yield savings account, but with rising interest rates, I'm not sure if it's the best place for my money.

    • @ChrisWoods-f5u
      @ChrisWoods-f5u 6 днів тому +2

      That's a valid concern. Inflation can erode the purchasing power of your savings. Have you considered diversifying your investments to mitigate the effects of inflation?

    • @KinkySmi
      @KinkySmi 6 днів тому +2

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    • @bellasmith3627
      @bellasmith3627 6 днів тому +1

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      @KinkySmi 6 днів тому +1

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      @bellasmith3627 6 днів тому

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  • @theresasmith1
    @theresasmith1 7 днів тому +19

    His proposal to halt oil production while Canadians endure another layer of debt, in contrast to the economic crisis caused by COVID-19, is absurd.

  • @Jay-be2le
    @Jay-be2le 7 днів тому +33

    Yah great idea more stimulus cheques for Canadians. Add another 30% inflation

    • @GatorBrewer
      @GatorBrewer 7 днів тому

      Exactly! David is being silly.

    • @prao4603
      @prao4603 7 днів тому

      @@GatorBrewer he's a shill that pumps his own bags always lol

    • @DrivenA111
      @DrivenA111 6 днів тому

      @@prao4603Stim checks pump his bag how?

    • @ashtonarmstrong3082
      @ashtonarmstrong3082 6 днів тому

      As long as you get that 30% wage increase from your company. Which they are charging 30%+ more for their products due to said tariffs. It will happen right?

  • @1Nanerz
    @1Nanerz 7 днів тому +9

    Stating deficits in Canada are “only 2%”, is extremely foolish. There is no excuse for deficits. None. We need a massive reduction in government spending and a reduction in taxation to go along with it. No amount of QE will solve this.

    • @judithstapleton74
      @judithstapleton74 5 днів тому

      More than 25% of jobs in Canada are in the civil service. These people support the government that pays their overhead...

    • @1Nanerz
      @1Nanerz 5 днів тому

      @ that’s pretty sad. It should be no more than 10% to provide the services we actually need. How many government jobs have been invented in the last 10 years that we did just fine without before that? They add nothing to the GDP and are a net drain on the taxpayers

  • @undergroundmetals498
    @undergroundmetals498 5 днів тому +3

    Don't get in a pissing match with USA , you can't win 😂😂😂

  • @WilliamHaynes-n1w
    @WilliamHaynes-n1w 7 днів тому +43

    After listening for a while it’s apparent the guest is a weak anti Trump clown. I wouldn’t take his advice

    • @cao6496
      @cao6496 7 днів тому

      😮 you want strong anti ... Hero?

    • @YHVH1483
      @YHVH1483 7 днів тому

      Idiot

  • @epistemologist5318
    @epistemologist5318 7 днів тому +24

    How about we just improve our lax immigration policies and stop the fentanyl production- non economic issues. Why would we rebuttal with economic policy for a social problem.Canadians should be embarrassed for a reputation of a drug country . Weak men create hard times, it took Trump to
    highlight our inept leadership. Canadians deserve better, and stop monetary policy madness- we are broke.

    • @matthewprimbs6107
      @matthewprimbs6107 7 днів тому

      @@epistemologist5318 how do you propose we get Mexicos help? Pretty please?

    • @centralmountain4241
      @centralmountain4241 7 днів тому

      You make a good point.

    • @dereksmith3779
      @dereksmith3779 7 днів тому +1

      Dear Sir or Madam, I'm by no means liberal. Quite the opposite. However, even I believe slapping our friends in the face is a bad idea. I think Canada is a great country with lots to be proud of.

    • @NorfolkSceptic
      @NorfolkSceptic 7 днів тому

      @@dereksmith3779
      If so, Canada should be controlling their borders, just because it's the civil thing to do. :)

    • @Always_Prospering
      @Always_Prospering 6 днів тому

      🎯

  • @mktwatcher
    @mktwatcher 7 днів тому +9

    Rosie, the last of a Generation of Honest Macro Analysts.

  • @gordkanani4419
    @gordkanani4419 7 днів тому +3

    David Rosenberg gives out of box analysis

  • @uncubicle5993
    @uncubicle5993 6 днів тому +3

    David, how can canada cut off gas and oil exports when line 5 goes back into On, Qc, and Maritimes?

  • @taws6v8
    @taws6v8 7 днів тому +3

    They don’t care about the drug addicts. If they did, they’d help them.

  • @kidssport8167
    @kidssport8167 6 днів тому +5

    This guy needs to realise gold flying as the fiat system is unwinding

  • @Aries61
    @Aries61 6 днів тому

    Thank you Jeremy and David . great conversations on gold! ❣️🔥

  • @BlakeEyster
    @BlakeEyster 5 днів тому

    Keynesian News Network with big boy David!!!

  • @eh7599
    @eh7599 6 днів тому +1

    Central bank buying is the elephant in the room for gold.

  • @KaidaBeji
    @KaidaBeji 6 днів тому +3

    I Hit $32,590 today. Thank you for all the knowledge and nuggets you had thrown my way over the last week. i started with 5k in last week 2025... now i just hit $32,590

  • @500stoney
    @500stoney 5 днів тому

    The fact gold appreciated during periods of rising real rates and a stronger dollar is amazing. With trump in office, uncertainty, chaos and geopolitical tension will only increase.
    Imagine what gold will do when the dollar reverts to the mean and the depth of this recession becomes un-gaslightable

  • @kaybyrnes5944
    @kaybyrnes5944 6 днів тому +2

    Awful interview, anti Trump rhetoric. Hardly listen to Kitco anymore, always disappointed.

  • @RobertStott-r1w
    @RobertStott-r1w 6 днів тому +1

    Wishing all sides the best of luck

  • @PhilOrmsby
    @PhilOrmsby 5 днів тому

    That's an hour of my life i won't get back.

  • @RobWilliams007
    @RobWilliams007 5 днів тому

    Love Rosie!

  • @krispeeters1314
    @krispeeters1314 7 днів тому

    Let' s work together, Canada, South Amerika, Europe against the Us. He think he owns the world!

  • @gavin4848
    @gavin4848 7 днів тому +7

    30k gold coming.. but $20 for a coffee.

  • @essenceflow
    @essenceflow 7 днів тому

    Thank you David. Will add to PHYS etf to hedge against uncertainty.

  • @Gordon-f7f
    @Gordon-f7f 6 днів тому +1

    This guy is off his rocker
    He sounds like he is in the Liberal Cabinet

  • @ElementaryWatson-123
    @ElementaryWatson-123 7 днів тому +9

    Rosenberg was so wrong for so long he lost any credibility.

  • @glennyamada7753
    @glennyamada7753 5 днів тому

    I agree, don't fight fire with fire. Use water. Lower our interest rates, cut off our energy exports to the US, are lumber and critical minerals. This will keep our inflation low instead of increasing it by countering taxes

  • @JackAiki
    @JackAiki 5 днів тому

    Maple Gold Mines now: Drilling Baby Drill 🇨🇦🍁

  • @CelestialCity25
    @CelestialCity25 7 днів тому +7

    This guest has no clue!

  • @ElHechizadoFX
    @ElHechizadoFX 6 днів тому

    This aged as good as Biden. Wow

  • @jpsmith9452
    @jpsmith9452 5 днів тому

    Would it be too difficult for Canada to step up their border enforcement? Assuming that’s the only thing Trump wants. It’s not like Canada is an unsophisticated country.

  • @daviddaugherty1011
    @daviddaugherty1011 7 днів тому +1

    Rents are not going down. I don't know where these guys get this crap.

  • @Purgatoryhomestead47
    @Purgatoryhomestead47 7 днів тому +2

    Clown show

  • @PaulbylPaulbyl
    @PaulbylPaulbyl 6 днів тому +1

    Printing money is okay? Supply chain issues caused the inflation? I stopped watching.

  • @reallycold3991
    @reallycold3991 7 днів тому +7

    It's a sign of US weakness.

  • @franklindner8259
    @franklindner8259 6 днів тому +1

    If it's only 10 percent on China that's not aggressive.

  • @adamtatusko
    @adamtatusko 6 днів тому

    This aged like fine milk.

  • @Witness-DeathofIsrahell
    @Witness-DeathofIsrahell 7 днів тому

    Many thanks !

  • @Robyn-Hood
    @Robyn-Hood 6 днів тому +2

    🎉🎉🎉🎉
    The best show from David in a longtime he is truly on fire
    🎉🎉🎉🎉🎉

  • @thebossmanchannel
    @thebossmanchannel 6 днів тому

    These economists get too lost in their definitions to the point they cannot even tell if its wet outside when it's raining. He says, tariffs a one time price shock but not inflationary, because it is not a trend, has he not been outside for the last while, visited a grocery store, it has been in a trend for a while, and the trend is prices up, a price shock would just be more up. Then explains that we can afford to go into more QE, we couldn't even afford the last round.

  • @centralmountain4241
    @centralmountain4241 7 днів тому

    This is the best commentary on a subject since Vince Offer's Slap Chop.

  • @firstlast1732
    @firstlast1732 6 днів тому

    Trump is 100 right we are with him

  • @charlesherrera1633
    @charlesherrera1633 5 днів тому

    You people clearly don't understand Trump

  • @epidemic_moments2
    @epidemic_moments2 6 днів тому

    Very good interview😮

  • @time-j8q
    @time-j8q 4 дні тому

    "Inflation" is only an increase in the money supply... Higher gas prices and lumber prices will hurt nonetheless... Tariffs are bad for both countries.

  • @RobWilliams007
    @RobWilliams007 5 днів тому

    I voted for Trump and do not agree with this. I like Oleary’s idea to make North America an economic powerhouse.

  • @VladamirJohnson
    @VladamirJohnson 7 днів тому +2

    I hope that not all Canadians think this way. 😂

  • @Kootenayrick
    @Kootenayrick 6 днів тому

    No problem for Canada. You want Canadian oil, we only accept payment in gold. Think about it, the exposure of US dollar fakery would be exposed. I would love to see the Americain reaction.

    • @jpsmith9452
      @jpsmith9452 5 днів тому

      The US exports oil to Canada too. As well as electricity. I certainly don’t want this to get ugly, but according to Mr. Rosenberg the trade between the two represents 1 percent of US GDP vs 20 percent for Canada.

  • @jaynawilliams8923
    @jaynawilliams8923 7 днів тому +2

    I just heard the WH Press Secretary confirm the tariffs for Saturday....what's up??

    • @theresasmith1
      @theresasmith1 7 днів тому

      Starting around March and oil tariffs at 10%

  • @bonniegirl5138
    @bonniegirl5138 6 днів тому

    My approval of Trump has nothing to do with his fiscal agenda. It has to do with closing the border to sex and drug trafficking. This helps Canada too.

  • @realdeal987
    @realdeal987 7 днів тому +1

    He’s been bullish on us debt since 10yr bonds were below 1% lmao

  • @nitinsaklecha3262
    @nitinsaklecha3262 6 днів тому

    Asia is doing de dollarization in gold but west is doing de dollarization in bitcoin

  • @ashtonarmstrong3082
    @ashtonarmstrong3082 6 днів тому

    The trump fanboys mad in the comments 😆. No matter what happens I hope you know “you got what you voted for”.

  • @AidanJoyce
    @AidanJoyce 6 днів тому

    You lost me when your expert said the people like Scott bessent (Secretary for treasury) would have a word with trump to ease off - On the contrary, bessent supports and encourages such tariffs.

  • @exee1
    @exee1 7 днів тому +9

    If the market crashes, so does gold and silver.

    • @andreasvoegeli6239
      @andreasvoegeli6239 7 днів тому +1

      Yes we have seen this over and over

    • @jackwalsh1468
      @jackwalsh1468 7 днів тому +11

      Gold/Silver are the first and fastest to recover.

    • @ElementaryWatson-123
      @ElementaryWatson-123 7 днів тому +4

      Commodities in general are lousy investment instruments but they are tradeable, especially gold.

    • @marclandreville6367
      @marclandreville6367 7 днів тому +4

      The difference with previous crashes is that the US has been printing money like there's no tomorrow. That results in inflation but gold keeps its purchasing value. Gold fluctuates, but always recovers.

    • @cao6496
      @cao6496 7 днів тому

      😮 new to learn this. Then crypto 37 trillion enough to pay off us debt? So cool!?

  • @Bufford2024
    @Bufford2024 6 днів тому +1

    This analyist is sm😂koking too much free weed. Loonie hours...in loonie land.😮

  • @cao6496
    @cao6496 7 днів тому +2

    😮 tell u something. Hidden treasure is platinum. Low tone😮

  • @Popnpoff
    @Popnpoff 7 днів тому +7

    Ya cut off energy... see what trump does

    • @Weak_juan
      @Weak_juan 7 днів тому

      He will bring Abrams and apaches

  • @gregackrill3972
    @gregackrill3972 7 днів тому +5

    Tariffs start Feb. 1. Your information is wrong.

  • @luckyone7878
    @luckyone7878 6 днів тому

    This guest must work for mark carney

  • @scottmarwood7654
    @scottmarwood7654 7 днів тому +2

    The guest's take on things reek of canadian liberal la la land.

  • @wes5977
    @wes5977 7 днів тому +2

    David Rosenberg just showed how stupid he is in this economy

  • @johninNJ
    @johninNJ 7 днів тому +2

    This guy is a dinosaur.

  • @petechartrand28
    @petechartrand28 7 днів тому +1

    This guy is literally fake news !!!
    Stand up to the big brother NOT BULLY !!!!

  • @christopherrichardwadedett4100
    @christopherrichardwadedett4100 6 днів тому

    A trade war with America will supercharge the economy of BC and greatly benefit Western Canada: Asian products from the Port of Vancouver avoid the Panama Canal and lots of CP Rail, while inflationary pressures from government intervention will greatly hit the Ontario and Québec real estate markets? BC has loads of aluminum products from India and cast iron products from China without the added costs of the Panama Canal or lots of CP Rail: Development in Western Canada will soon surpass Eastern Canada, while inflationary pressures will therefore be less in the West? Prayers

  • @kennyg7102
    @kennyg7102 7 днів тому +5

    Trump bashing network. Group of clowns.

  • @onlylordknows9816
    @onlylordknows9816 7 днів тому +2

    “The only certainty is Trumps uncertainty “🫣

  • @guyroy4857
    @guyroy4857 7 днів тому

    Mr. Rosenberg is very byes. Sounds like he was much happier when our president was MIA .

  • @DanielP124
    @DanielP124 5 днів тому

    This guy definitely is not aware of Trumps power and Canada present situation… he thinks he is wearing the pant, meanwhile he is the one who is polishing the shoes

  • @khutzey4149
    @khutzey4149 7 днів тому

    Why has Lutnick created a proposal to shift US treasury futures to clear through the Bank of London ??? How does this tie in?
    When asked during his conf hearing Bessent said he wasn’t aware of it.

  • @swamibr0
    @swamibr0 6 днів тому

    How do you all think this interview is going to age???? I have my thoughts 😂

  • @nguyenphuongchang3925
    @nguyenphuongchang3925 7 днів тому

    How do you buy gold?

  • @WilliamHaynes-n1w
    @WilliamHaynes-n1w 7 днів тому +7

    This guy does not understand American politics

    • @NorfolkSceptic
      @NorfolkSceptic 7 днів тому

      The US has had its election, Canada's is approaching.

  • @jbgant8513
    @jbgant8513 7 днів тому

    Inflation is always and only a monetary phenomenon.

  • @fasteddy-fd3kr
    @fasteddy-fd3kr 7 днів тому +3

    So many weak and insecure men in here supporting the strong man Trump 😂.
    Probably from Alberta

  • @silver-en7kl
    @silver-en7kl 6 днів тому

    You’re both wrong…..tariffs started today.

  • @johnrubino7604
    @johnrubino7604 7 днів тому +1

    Trump signed the tariff's for Feb 1, 2025.

  • @andrewvare3173
    @andrewvare3173 7 днів тому

    Aw get out, hoser! Which was better? Signals or Moving Pictures?

  • @MamieMosqueda
    @MamieMosqueda 7 днів тому

    $ONDO and $XAI702K will reign supreme in this cycle $XAI702K will move much faster than Solana. Youre welcome.

  • @ougmass
    @ougmass 7 днів тому

    Apply for the BRICS,

  • @FredHudson-ey8cz
    @FredHudson-ey8cz 6 днів тому

    Why do we always look at putting a bandage on the situation instead of a long term solution and adopt socialist policies?
    How long would it take to build a pipeline to the west coast if we made it a National venture. We have an enormous amount of qualified companies and workers that could get it done in 6-12 months. Employment to offset job losses. Increase EI to assist those who lose their jobs. Cut taxes and reduce tape so that we can get private enterprise growing, creating more employment.
    Diversification is the answer. Retool our mills so that we can sell our lumber to Europe and Asia.
    We have put ourselves in this mess by allowing our government to adopt these stupid policies.
    Instead of reinstating parliament the Liberals are doing a leadership race. We can’t even vote on funding for their pathetic border plan. Alberta has done more on the border issue than the federal government.
    Start deporting the illegal immigrants that are creating havoc on the streets of Canada.
    Put more money to fixing our immigration and border issues. Pay the 2% of our military spending commitment.That would show that we are serious about Canada’s security.
    All of the above will be cheaper than the socialist approach your guest is suggesting.
    We need to get rid of inter-provincial trade restrictions. Let’s just call an election and give someone a mandate to make real decisions that will solve the problems long term.
    The solution is to diversify our business trading markets!

  • @jaybird9355
    @jaybird9355 6 днів тому

    Partner with BRICS ..

  • @r2wchuckle
    @r2wchuckle 6 днів тому

    I don't think this guy has a handle on this. If Trump wants our energy etc he will just come and take it. Period. Scorched earth doesn't work.

  • @DocCinn
    @DocCinn 6 днів тому

    It's not the year of wood horse.

  • @franklindner8259
    @franklindner8259 6 днів тому +1

    The BEST BEST BEST Clearest speaker u have EVER had.

  • @nevillokapi3617
    @nevillokapi3617 7 днів тому

    HOW WILL TRUMPS TRADE TARRIFF EFFECT GLOBAL TRADE

  • @djknox2
    @djknox2 7 днів тому +7

    THis guy is a clown. The USD is the world's reserve currency, the CAD is not. THAT makes a very big difference. I can't believe this guy is promoting larger deficits for Canada!

    • @marclandreville6367
      @marclandreville6367 7 днів тому +3

      Thu US federal debt is now over $36 trillion. A new economic bloc is evolving representing 3/4th of the world population, that will not use the US dollar anymore for trade and will cease purchasing US debt. Then the US dollar will crash, and it will not affect the non-G7 countries. This movement is accelerating and the BRICS just doubled its membership. We should not be living on our past laurels, but plan for the future. The US era of economic primacy is fast ending.

  • @afterdark6822
    @afterdark6822 7 днів тому +1

    Cut off the energy and get invaded. 😂

  • @afterdark6822
    @afterdark6822 7 днів тому

    Cheaper applewood smoked bacon or 25% tarriff. 🥓 🥓

  • @junglemarine
    @junglemarine 6 днів тому

    Step up the Border and it will go away. How about that?

  • @matthewprimbs6107
    @matthewprimbs6107 7 днів тому +4

    Talk "some sense into him" TDS guest shows true colors right off bat

  • @Stanley-v6c
    @Stanley-v6c 5 днів тому

    Inaccurate, biased, then corrected, then not addressing WHY

  • @PNEfc001
    @PNEfc001 7 днів тому +1

    If gold went to 30k, then the US could pay off just about 7.8 trillion of its national debt! That debt is scary huge!

    • @Weak_juan
      @Weak_juan 7 днів тому

      Nobody seems to care. Raise the ceiling boys!!!!

  • @ASC63Funky
    @ASC63Funky 6 днів тому

    Further more inflation is not raising prices. Inflation is the printing of currency that has a consiquence of higher prices as there is more currncy in the system chasing in a tarrif world fewer goods and services which forces increase in price action on the goods and services based on supply and demand dynamics. higher prices mean more income in Tax all it serves is a transfer of wealth from the tax payer to the banks and government.

  • @keviliciousatyourservice9510
    @keviliciousatyourservice9510 6 днів тому

    Derangement syndrome. This is the worst Kitco episode I have seen. Watched the first 14 minutes.

  • @haydenhomedesigns
    @haydenhomedesigns 7 днів тому +11

    he is dumb. why dumb us down with people who dont get anything but liberal tv talking points. too many points to pick up on. i am done with kitco!

    • @Christopher-of-Columbus
      @Christopher-of-Columbus 7 днів тому +4

      As a conservative who lived through the disastrous trump tariffs in 2018, I agree with 99% of what this guy said unlike I did during trump’s first term. The tariffs collapsed many American businesses and bankrupted farmers who had to rely on the u.s. govt bailouts when they lost the foreign market. The counter tariffs will hurt us in so many ways that we need to be braced for harsh economic times similar to the 1930s.

    • @ElementaryWatson-123
      @ElementaryWatson-123 7 днів тому

      he was so wrong for so long I'm surprised he even gets invited

    • @FrankDresen-nw2gc
      @FrankDresen-nw2gc 7 днів тому

      Ow, thinking hurts my head.

  • @michaelcummings8119
    @michaelcummings8119 6 днів тому

    one sided Mr Rosenberg

  • @deehendon4204
    @deehendon4204 7 днів тому

    Don’t you talk about metals anymore. Goodbye a at the 16 minute mark and a thumbs down.