Gold Exports, Trade Deficits, and Tariffs

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Tags: Gold Standard, Global Economy, Money and Banks

01/24/2026 Robert P. Murphy

Bob responds to James Rickards’ recent tweet on record U.S. gold exports driving an improved trade balance, walking through the official data on non-monetary gold, Trump-era tariff uncertainty, and the broader question of what chronic trade deficits really mean in a post-gold-standard world.

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The Charts Used in this Episode: Mises.org/HAP535a

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