2016-07-28

Swiss Gold Exports to USA Explode

Chinese are intrigued by this story posted at ZeroHedge: "An Extraordinary Development": Record Swiss Gold Flow Into The United States
However, something motivated this huge trend change in normal gold movements to Switzerland. Moreover, total U.S. gold imports in may shot up to 50 metric tons, almost double the 26.5 mt figure in April. In addition, total U.S. gold exports hit a low May as only 20.2 mt were shipped to foreign countries. Total U.S. gold exports Jan-May 2016 of 139 mt are down 28% compared to 195 mt exported during the same period in 2015.

So what’s going on here? Why the declining U.S. gold exports or surging gold imports from Switzerland? Are foreign countries demand less gold?? I doubt it. Or how about the massive increase in supposed gold flows into the Global Gold ETFs & Funds?? While there is no way of knowing how much gold these Gold ETFs & Funds hold, something seriously changed in May as the Swiss exported more gold to the U.S. in one month than they have every year for several decades.

Are wealthy Americans finally acquiring a lot more gold?

It will be interesting to see that data for the next few months when the USGS releases their Gold Mineral Industry Surveys.
iFeng: 外媒:瑞士黄金出口量翻50倍 全都流向美国?

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