The United States has decided to introduce an import duty on gold bars of Exactly 1 kilo. This could have major consequences, eSpeciate for Switzerland, the country where most of the world’s gold is refined.
Swiss Compeations Prepare Huge Quantities of Gold for the World Market Every Year. The 1 kilo Gold Bars are the Standard Used Worldwide by Investors, Banks and Gold Traders.
And it is precisely those bars that will now be subject to an extra tax when they enter the us. This is accordance to a Document Seen by the British Business Newspaper Financial Times .
The US Government Wants To Prevent Gold From Sanctioned Countries Such As Russia From Ending Up On The American Market Through Detours.
This is a major setback for Switzerland. The Country Processes Approximately 70 percent of all the gold in the world. If American Demand for Their Standard Gold Bars Decreases, Swiss Companies Will Have to Adjust Their Production or Lose Market Share.