Commodity Trade Mantra

Posts Tagged ‘Gold Bullion Exports’

The U.S. Exports More Gold To Hong Kong Than It Produces

The U.S. continues to export more gold than it imports or produces from domestic mines. For the first nine months of the year, the U.S. suffered a 24 mt deficit as it exported 380 mt of gold versus 155 mt from its domestic mine supply and 201 mt it received in gold imports. Not only the U.S. exported more gold than it produces, Australia is doing the very same thing.

U.S. Exports A Record Amount Of Gold To Hong Kong In January

The United States exported a record amount – a stunning 57 mt of gold bullion to Hong Kong in January. Total U.S. gold exports in March, 2013 were 80.8 mt compared to 80.7 mt in January of this year. Last year, the U.S. exported a total of 215 metric tons of gold bullion to Hong Kong.

Record U.S. Gold Bullion Exports Head to Hong Kong & Switzerland

As the Fed continues with its Quantitative Easing policy, U.S. gold bullion exports hit a new record in the first nine months of 2013. While it’s no secret to anyone in the precious metal community, the majority of U.S. gold exports found their way to Hong Kong and Switzerland.

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