Andy Schectman of Miles Franklin returns to Friday Night Economic Review to break down the seismic shifts on COMEX and unpack the 39% U.S. tariff on Swiss-refined gold—a strange move given Switzerland is the world’s largest refiner, handling roughly 70% of global supply. We also map the widening gap between what retail investors hold and where the best-informed capital is positioned—and why that divergence could spell trouble for Main Street.

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MUSIC CREDITS: “In Epic World” by Valentina Gribanova, licensed for broad internet media use, including video and audio