Commodity Trade Mantra

Posts Tagged ‘Hong Kong’

China to Obama: “Shut Up and Mind Your Own Business”

First Russia, and now China. The US is being firmly put in its place by the emerging superpowers in the world. First it was President Putin standing up to Obama over Syria in 2013. Then again in early 2014, Putin stood up to the US sanctions. Now China has sent a sharp official message to the US, warning it to stop meddling.

US Exports More Gold To Hong Kong Than It Produces

U.S. gold production declined 5% in the first four months of the year from 72.7 metric tons in 2013, to 69.1 mt this year. And in the same Jan-Apr period of 2014, the U.S. exported more gold to Hong Kong (29% higher) than it produced from its domestic mining industry.

US Exports 128 Tons Of Gold In Jan, Feb 2014 - Supply Deficit Increases

Not only did the United States export 128 metric tons of gold in the first two months of the year, its supply deficit continues to increase. Hong Kong and Switzerland imported 105 mt of gold in the same period. The overwhelming majority of U.S. gold exports are heading to Asia, India and the Middle East.

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.

Gold Imports by China Jump 30% in February

The latest China gold import figures via Hong Kong show a 140% increase over the first 2 months of 2014, suggesting Chinese demand is far from slowing down. For the first 2 months of 2014, net gold imports through Hong Kong totalled 192.8 tonnes as compared with 80.6 tonnes in the same of 2013

China’s January Hong Kong Gold Imports Soar 326% YoY

Statistics are how you read them and China both imported 326% more gold from Hong Kong in January than it did a year earlier, or 9% less than in the previous month. You can make of these statistics what you may, but to this observer it suggests that Chinese demand remains extremely strong.

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.

China Imports Over 2,000 Tons Of Gold In Last Two Years

The unofficial China gold holdings number since 2009 based on our internal calculations: about 2500 tons higher, which would make it the world’s second largest official gold holder below the US and surpassing Germany, and rising at 100 tons per month.

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