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U.S. Exports A Record Amount Of Gold To Hong Kong In January
Submitted by SRSrocco via SRSrocco Report blog,
The figures are out and it looks like the United States exported a record amount of gold to Hong Kong in January. Not only was this a one month record… it was a WHOPPER indeed.
Last year, the U.S. exported a total of 215 metric tons of gold bullion to Hong Kong. This was not the total amount of gold exported to Hong Kong as some smaller quantities of Dore’ and precipitates made their way into the country as well.
However, Hong Kong received more gold than any other country… Switzerland came in second at 150 metric tons. The table below shows the breakdown in U.S. Gold Bullion exports in 2013:
Here we can see that the highest month of gold bullion exports to Hong Kong in 2013 was in August at 30.7 metric tons (mt)… let’s just say an even 31 mt. According to the data just released by the USGS, the United States exported a stunning 57 mt of gold bullion to Hong Kong in January.
Not only is this 3 times more gold exported than January 2013 (17 mt), it was 84% more gold than the record month set in August (31 mt). As we can see, gold bullion is fleeing the U.S. and heading to the East. Again.. that 57 mt figure is just gold bullion.
Furthermore, total gold exports in January nearly surpassed the total hit in March of last year. Total U.S. gold exports in March, 2013 were 80.8 mt compared to 80.7 mt in January of this year.
This is where the majority of the remaining gold was exported in January:
Gold Bullion:
Australia 3.1 mt, Thailand 2 mt, Switzerland 1.5 mt & Singapore 1.0 mt
Dore’ & precipitates:
Switzerland 10.6 mt, India 2.7 mt & United Arab Emirates 1.4 mt
As the West continues to play games with Monopoly money and Derivatives manufacturing, the East accumulates as much gold as it possibly can. While Main Stream Media and its Banker cohorts release bearish $1,050 price targets for gold, the Asians and Indians smile as they build the largest amount of gold stocks in the world.
I get a real kick at the degree of negative sentiment coming from many gold and silver investors. Who said this was going to be easy? It’s simply amazing to watch a DIEHARD gold or silver bug become bearish and downright nasty now that times are tough.
However, this is exactly what the FIAT MONETARY AUTHORITIES hand in mind. Unfortunately, many have fallen for their plan… HOOK, LINE & SINKER.
Source: USGS January Gold Mineral Industry study:
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Gotta settle up for all that plastic dog poo somehow!
FULL RETARD ENGAGED
Gold smold. We got plenty of tungsten.
Our boy Barry Soetoro can sell ice to the Canadians;)
(Damned if it hasn't worked so far).
That is exactly correct. The Fed and their BB Agents don't even try to hide their games any longer, out of desperation and a lack of any legal consequences. In fact, they WANT you to know that they are manipoulating the price of Gold down so as to communicate thet you should not "Fight the Fed" with Gold. They really cannot continue much longer because there is no physical Gold left in the West. So, yes, this is the wrong time for anyone, especially the true believers, to walk away. In doing so, I completely agree that would give victory to the Fed at a time that they are in big trouble with Gold.
I'm glad some people recognize value when they see it and are preparing for the collapse of fiat currency. Unfortunately, the majority of Americans are just dumb fucks.
so how do they do that?
In civilian carrier, like MH...?
Maybe Germany is storing it somewhere safe for once....
Just a repeat of the old Roman empire transferring the wealth to the east and leaving the west to rot away and collapse
The Perth Mint in Australia now ships way more gold to Chinese buyers then in the USA I read on their Blog. I think the Year of the Dragon stunning gold coins was the decisive turning point but it may have been earlier.
Something just doesn't add up here. Ok I like a good conspiracy, so is it possible that the US and all their underground fortresses has by chance hit a Gold payday never seen before, where they will never run out?
Sure it's possible but wouldn't it be a good move to then jump to a gold based/backed system and disembowel the rest of the world?
Gold 1050?
Can I place my order now!?!?
this isnt paper gold they are transfering.
insane demand for gold crashes gold price, only in amerika.
One would think that this should piss the Germans, no? In one month they have sent 10 times what they sent back to Germany in the whole 2013... Only if the German Central Bank was not another puppet of the Federal Reserve.
7 years from now, Hillary will go to Germany and give Agela Merkel a golden shower. Thats it.
Lol!
What difference – at this point, what difference does it make?
666 - If you think the majority are dumb fucks then spend some coin on media and give them answers then. Times change the American people are asking some serious questions. I tend to focus on those with an ear because you can lead a horse to water but can't force him to drink.
Over leveraged PM investors will be getting very worried and angry about now. Can't put time on the other side of your trade, recipe for instant stress and high probability of loss of equity
Go gold! London empties its vaults to Switzerland to be refined into 100 kg bars (1000 tons in 2013-UK not known as a big mining nation), while the US just shovels it straight to the jowls of the Dragon. Aaaand, its gone.
Be sure too, that the gold US sends to Switzerland, just ends up recast also into 100 kg bars also en route to China...
"Switzerland came in second at 150 metric tons."
Who cares? What do they know about money, anyway.
They know everything about paper money 'cause they invented it.
Almost like they don't trust the greenback./s
Good for another $100 3am drop. The Germans must be a lil' pissed, eh?
I was thinking the same thing and bet they are pissed... Yet another reason for Germany to question their relations with the US...
Which is why we all laugh.
Unfortunate Germans, your gold is gone!
We don't need gold! Our money is backed by the full strength of our... our... shit...
AANnnnnddd.... It's GONE!!!!
That shit is STILL funny. When people ask me about the whole banking "thing" (it is inexplicable as they know the banks are corrupt but can't quite face it) I always steer them to the above.
It's encouraging the cartel's price raid failed miserably on Tuesday and then failed even more miserably today... Soc General releases their anti-gold BS posted here at ZH literally 10min after the smash too - just like BOA did in March - it's a perfect cordination but of course there's nothing to see here folks, move along!
The smashes aren't working anymore. Even the specs and algos are starting to realize the jig. No matter how hard the cartel tries to smash price below the 100 day moving average of 1280 they just can't do it without these BS flash crashes where some dope decides to dump 2500 contracts all at once... you know... to get the best price... only this time they keep getting met with furious paper buying instead of moron sheeps selling down with them.
Rut roh shaggy... they're getting desperate...
Sounds like a literal yellow menace.
This makes Nixons fears about France trivial....
I am not a crook...
its all nixons fault him and kissinger and their controllers.
Meet the new boss, same as the old boss...
Didn't see Germany on the list. I guess their gold will come from another source down the road, or make that, way down the road.
BTW, were is this gold coming from? Didn't read the report yet but it would have to come from either mine production or holdings of some sort (i.e., ETFs, private holdings, Fort Knox perhaps, COMEX, or possibly the Fed's holdings for other countries). Can't imagine its from gold production as per the last report I saw, the US produces about 230 tonnes a year. Private holdings can't support this flow and my understanding is that ETFs, after realizing net outflows in 2013, have leveled off and possibly even increased holdings. So this leaves some other "mysterious" source for gold.
Any ideas?
As for the gold shipped to Switzerland, this is only a clearing location (or being held in trust for others) so we can assume that this amount is basically flowing to Asia as well (or maybe to Germany as the damn Krauts don't want any transparancy).
With GOFO rates negative again (and displaying more violent moves and higher rates), it would appear that pressure is building again. So with all of this said, I would agree with Xibalba as another $100 smash down is coming (as some gold banks get in too deep yet again). It was about a year ago in April 2013 that gold got hammered so why not make this an annual event until the paper price has been reduced to zero and every bit of available gold is in Asia.
I don't understand you gold bugs. What's wrong with a truckload of Facebook, Twitter and LinkedIn shares?
I can't eat them! :)
Unelected Regime Begins Killing Spree in Eastern Ukraine | New Eastern Outlook http://journal-neo.org/2014/04/25/unelected-regime-begins-killing-spree-...
WTF? Are the Germans buying their gold back via Hong Kong?
All your gold are berong to us, stupick Americans!
Calm down, just 1.3 bln Chinese rolling over their US-Bills into the shiny metal.
Just like with the indians, shiny trinkets for tangible assets. The value of gold could go to zero for all I care. Gold has few industrial applications, I am surprised the Chinese would want it. How many miles of speaker wire does the world need?
Gold to zero? Real Gold?!
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Wait, i can't make out the face...
He's so distraught, all his hair fell off?
Capt. Picard facepalm! LOL, but you knew that.
P.O.V. of DQ soft serve fallen between two breaststs
Gold has many industrial applications it's just too rare and valuable as a monetary asset to use.
I see it as a liability. Expensive to store and defend. Illiquid and impractical. No, for the common man it's a historic tool of oppression. You don't know your history.
Actually, the fiat notes in your wallet are a liability - of the Fed. Interestingly, the Fed is insolvent on a mark to market basis. One plus one equals ... On the other hand, Gold is money, has no yield, nor should it. Expensive to store? Not for me, but in any event, worth it. Fiat seems to be the ultimate tool of oppression. If you, you know, read history.
Troll
You must be ignorant of history, as in the wake of every previous currency collapse, speaker wire has soared in value.
Do you have any idea of how many devices using gold contacts, leads, and wires your post transitted to get from your computer to the webserver? I can think of at least seven just inside your computer.
currency..............In my mind ....That system is making many slaves.....I am not sorry to say I am against Slavery, ........and the Peoples who control the debt Based system need to be accountable ........soon the Noose will be the equalizer.......You sir will be in that line, I will activate the lever.
The HKD is tied to the USD, what better way to 'hedge' your USA back FIAT(HKD) than to buy GOLD, with USD-FIAT, I mean shit.
Hong-Kong is turning SHIT into GOLD quicker than YOU can say "UNICORN".
At some point, the golden rule will resume. For now, the fiat whores rule the world.
I"ll say it now.
"Gee, what happened? How could we not see this coming"?
Just makes me work harder to turn on, tune in and drop out..,in no particular order.
Long duct tape.
wow, US is a leader once again in another category! US is first in FIAT exports, first in job exports and now first in gold exportation. What a bright future indeed! I wish those doomer porn sites would just knock it off and accept the fact that the US is still a world leader as I have just demonstrated.
oops, almost forgot: Wall St. works hard for the working Americans who trust them with their 401(k)s and pensions! how lucky are they? no wonder they are such an envy of the world!!!
BTW... totally off-topic (but not really considering how pathetically manipulated our markets are) did the DOW seriously close EVEN today? Did that seriously happen or is everything i'm seeing wrong? How in the hell does it close EVEN!? Has that ever happened?! It's almost like it should have closed down 1000points but the PPT decided even would be best!
I saw +/-0.00
After all the US gold is sold they move on to start selling the National Parks.
Or Ranches in Nevada...
I wonder how much they want for Mt Rushmore... I have some ideas...
Remember when the liberal all said, service jobs are the foundation of the new economy.
Now the liberals are shipping all the gold to Asia.
Like I said in another post......the current price of gold is the propaganda price and unless you BUY BUY BUY it will be BYE BYE BYE.
Strong Hands!
In all chaos there is a cosmos, in all disorder a secret order. Stack on.
Got to hand it to the Chinese, they have put our Home builders to shame.
Chinese company 3D prints 10 recycled concrete houses in 24 hours. $4,800 buys you a roof over your head. For that kind of money you can't even start a decent foundation. At such a low cost its no wonder the Chinese have some extra cash to buy up all the worlds gold.
http://www.designboom.com/technology/3d-printed-houses-in-24-hours-04-24...
Again, Cashing out. Crystalizing their assets into Gold, and taking it out of the country before... You know...
Only paper claims/debts are left.
Was ist los???
(Translation: Where the fuck is our gold?)
Gold is really the only elite investment that the ordinary person can also invest in.
https://www.youtube.com/watch?v=adBpkOzSA8o
Understand utility vs a store of value.
This is just confirmation that TPTB and Buba are sending a great big fuck you to the German public. They are the ones who want their gold back , not Buba.
This is part of a Master Plan ! Let them have it, the Gold will come back ! It may takes few thousands of years to detox a bit of uranium from it, but hey nothing is perfect right?!
Great information yeah, haven't seen anything like this before... LOL. Reminds me of all those times in 2012/13 at the LCS when I was cautiously stacking a bit here and there, prices north of $1500, no way I was going to "back up the truck" at those prices. You'd see these creepy dudes whispering about how the world was about to go Mad Max, and gold was set to skyrocket. They KNEW it was coming!
I'd play dumb and inquire with these numbskulls had considered other investments but no they were so smart and had all the inside info that few people knew at the time, you know these guys were reading ZeroHedge and Turd Furguson and KingWorldNews, these jerkoffs were all CLUED IN. Everyone else who wasn't putting all their money in metals, was a fucking sheep fool.
Now that gold is in the $1200 range and has been hosed off for over a year with no recovery in sight, you really have to laugh. The stories just repeat and the market price, the price I can pay right now at the LCS, is $700 off the highs.
So you're a funny guy!
Where's your clown shoes?
I am a minor stacker because my kids gotta eat real food but I am a bit tired of the doom/gloom and gold is set to explode stories. Sigh! I'll buy some more and maybe in 30 yrs my kids will be rolling in it.
In case you haven't figured it out yet, most folks here dont buy gold and silver and look to sell it short term. In my experience, I'd much rather have PM's than a savings account with federal reserve promissory notes that give no interest. PM's are a store of value that retain purchasing power.
"Free Corzine !"
...so he can IPO another MFGlobal for the paper suckers.
I wonder what the BuBa in Germany thinks about these "record exports" to everywhere but Germany???
Germany is in no position to do anything about the ass-raping they're getting.
But that will change when they team up with Russia.
This is the only worthwhile financial news anymore, massive gold flow to China, soon-coming gold backed Yuan, end of USD reserve status, followed by USD collapse, followed by America collapse.
That's it, nothing else worth paying attention to.
These ongoing amounts of gold disgorged from the US, plus all the other gold bashing by the west, makes me think that TPTB have a vision of a zero sum game for the future. It almost seems they are hell bent on removing all vestige of its existence in the U.S.
Is that because they plan on making it illegal to possess in the future - ie. if we don't have any, we're certainly not going to let you have any?
What Currency is China purchasing the gold with, Hmm.
They are trading, the soon to be worthless Amerikan $$$$
When all the US $ comes home to roost that's when the dollar plunges!
Soon all the Amerikans who have not witnessed a third world Country will be able to do so right in their own neighborhoods.
Fuck gold. I wear a tungsten ring because the shit don't break. It also won't scratch or tarnish ever. Just don't wear a tungsten ring when doing anything like working. You shouldn't wear rings anyway, but tungsten ones are extra difficult to cut off.
#winning
What would you say to someone claiming to make gold? MAKE it. Look for the comment by Blue Eagle Gold Refiners at this post:
http://www.veteranstoday.com/2014/04/25/neo-ukrainian-underbelly-the-hid... (You owe me for this).
Make gold. Ju believe this?
#PAPER! ...... little ju joke. :)