"An Extraordinary Development": Record Swiss Gold Flow Into The United States

Tyler Durden's picture

Submitted by the SRSrocco Report

Record Swiss Gold Flow Into The United States

There was a huge trend change in U.S. gold investment in May.  Something quite extraordinary took place which hasn’t happened for several decades.  While Switzerland has been a major source of U.S. gold exports for many years, the tables turned in May as the Swiss exported a record amount of gold to the United States.

How much gold?  A lot.  The Swiss exported 50 times more gold in May than their monthly average (0.4 mt) since 2015:

As we can see, the Swiss gold exports to the United States are normally less than 0.5 metric ton a month.  And for many months there weren’t any gold exports.  However, something big changed in May as Swiss gold exports surged to 20.7 mt (665.500 oz).

The overwhelming majority of gold flows from the U.S. have been exports to Switzerland and the United Kingdom (U.K.):

Furthermore, as I have mentioned in precious articles, the U.S. has been exporting more gold than it produces and imports.  However, this changed in May as the Swiss exported more gold to the U.S. in one month than they have every year going back until 2000:

Why the big change?  Could this have had something to do with the huge gold price since the beginning of 2016, or maybe was it due to political changes such as the upcoming BREXIT vote in June?  Of course the BREXIT vote is now history as the British citizens voted to leave the European Union.

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.

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VonPumperDic's picture

 

 

 

nothing to see here, move along folks..........

bamawatson's picture

ancient relic pet rock golden chickens coming home to roost

Here2Go's picture
Here2Go (not verified) bamawatson Jul 26, 2016 6:26 PM

So they found my stash at the bottom of Lake Geneva with the Lo Jack device

Dame Ednas Possum's picture

Bubbles reminded them of The Bernanke's forgotten tradition.

stacking12321's picture

maybe comex caught with its pants down, needing to fill some orders standing for delivery?

True Blue's picture

"Officially Reported" Bwahahahaha

How is that possible since Ft. Knox hasn't been sight audited since the 1950's?

Whew, that is almost as funny as the DNC meltdown.

 

peddling-fiction's picture

+1 Good point, but still it means apparent public posturing.

eftian's picture

Need more tungsten coating material to make Ft. Knox look full in case Trump wants a look around in late January...

JRobby's picture

"Currency Reset?"

(Laugh Track Deafening)

Men in military gear rush in and beat the person to death for uttering those 2 words together.

TheVillageIdiot's picture

true enough...GCR here we come!!!

Peak Finance's picture

LOL fucking Z

Beaten to death??

the correct term is "Gaddafied"

 

Chauncey Gardener's picture

"Vince Fostered." Fixed it for ya.

Kirk2NCC1701's picture

Feel the Paper, feel the Burn.

Feel the Gold, feel the Turn.

Bay of Pigs's picture

I wonder what the William Dudley is up to over at the NY Fed?

Here2Go's picture
Here2Go (not verified) Bay of Pigs Jul 26, 2016 6:23 PM

WW3

JRobby's picture

Vomiting up blood and bile

Son of Captain Nemo's picture

Vomiting up blood and bile

But that would imply that Bill has guilt?!!!

lasvegaspersona's picture

pffft...one billionaire getting his insurance.

Think of it...if those of sustantial wealth decided to use gold to store wealth we would see 10 times that every month.

20 tons is ONE billion dollars, sounds like a lot until you realize..it isn't

T-NUTZ's picture

we would see 10 times that every month

 

until you realize... it is

flash338's picture

20 tons, isn't that's what's stand for delivery this month? Just a coincidence??

sinbad2's picture

I love conspiracy theories, and one of my favourites is about how President Johnson sold most of Americas gold.

The firesale(London Gold Pool) only ended when the US tried to get the Brits to sell debased ingots. The debased gold was from Gold coins that Roosevelt seized and had melted down.

The German Gold that Germany asked to be returned seems to have disappeared, and the Gold the US is giving back to Germany isn't up to German standards, so it first goes to Switzerland to be purified.

Now maybe the US is holding back the pure gold, and making Germany take the rubbish, or maybe the US has little pure gold left?

There was 2,000 tons of the copper debased gold held by the US, back when Roosevelt ruled.

sinbad2's picture

Assuming they are referring to American short tons(2,000lb), you calculated using standard ounces. Gold is measured in Troy ounces, so that would be 583,333 Troy ounces. A difference of about US $75 million at today's prices.

Al Bendova's picture

By the time the sheep wake up and realize they need to head toward the exits, there will be nothing left to purchase.  The ancient relics will not be available in any appreciable amount.  Keep stacking!

sam i am's picture

the European elite takes to escape Europe?

I have also heard that Isaac Herzog said recently about looming Civil war in Israel.

http://thesaker.is/book-the-enemy-of-the-state-by-scott-is-now-out-in-eb...

Commodore Decker's picture

Premiums for Eagles are too high. One and Ten ounce Credit Suisse bars are a more cost effective method of accumulating large amounts of physical.

sinbad2's picture

My favourite supplier is the Perth Mint, they have some lovely Gold coins and ingots.

I'm keen on Silver, Gold is just too valuable to use in everyday trade.

Son of Captain Nemo's picture

In one word "Bullshit"!

The only way this would be proved as fact is if we saw every ounce of Au being delivered to those U.S. banks, inspected and "stacked"!!!

Nothin but more PAPER B.S.!!!

Beowulf55's picture

Got any reference source to support that bold statement?

Son of Captain Nemo's picture

ot any reference source to support that bold statement?

Well maybe...

For starters the GATA lawsuits piled as high as the U.S.debt...

When you videotape all those trucks backing up at Goldman and J.P. with the "good delivery" and both those banks with Bart Chilton's replacement telling the Press to come on in the waters fine with the likes of Peter Schiff, Mike Maloney reporting on it!

I'll believe it!!!

Moski's picture

The source of the graph is the USGS.  I'm thinking SC Nemo has trust issues in some of our venerable institutions, but I'm only speculating.

BeanusCountus's picture

Have to figure out how someone can give you a downvote with nothing in your post. Did you edit it?

JRobby's picture

The reference sources will be when those that know where it is hidden have guns with cocked hammers in their mouths.

This banter is fucking asinine. This is war.

Son of Captain Nemo's picture

The reference sources will be when those that know where it is hidden have guns with cocked hammers in their mouths.

This banter is fucking asinine. This is war.

Amen to every word hanging on those sentences of your's

SRSrocco's picture

Captain Nemo Jr,

The data comes from the USGS - United States Geological Survey based on the U.S. Census Bureau import & export data.

While this may not cover ALL gold metal movements, it's pretty accurate.

Steve

Son of Captain Nemo's picture

"Steve"

I once believed that the NIST was an "above board" highly ethical science and engineering arm to the U.S. government.  Then circumstances changed after 9/11/2001!...

Just sayin!!!

Son of Captain Nemo's picture

United States Geological Survey based on the U.S. Census Bureau import & export data.?...

Hmmm...

Yeah they sure are doing a great job for the Federal Government providing a level of integirty in tracking down everything that goes in and out of this Country including all those "green card" holders for our safety and security CONUS as we fight the "War on Terror" going on 15 years!!!

Steve, Here's to "pretty accurate"!!!

BeanusCountus's picture

Think you are right. A couple months of "data" means nothing. Hell, they could just be catching up from the last year or so of info that sat on their desk. We will see.

RaceToTheBottom's picture

Hmmm, maybe buyers in the US are buying the gold?

HRH of Aquitaine's picture
HRH of Aquitaine (not verified) Jul 26, 2016 6:14 PM

If you can't touch it you don't own it. Looks like (some) people are waking up.

Son of Captain Nemo's picture

If you can't touch it you don't own it. Looks like (some) people are waking up.

Yep!

Here comes the next 9/11 moment to provide the ultimate backdrop distraction from the "smoke and mirrors" that is the market(s)...  The little bite(s) takeing place in Europe aren't gonna cut it anymore!...

Something very rotten and nasty is coming soon cause they can't hold it together much longer!!!

sessinpo's picture

Something big coming up over next 10 weeks.

lakecity55's picture

Why a 10-week window?

Anything becoming apparent?

RawPawg's picture

SHTF goes on hiatus
until you know who catches up

"Dumbass"~Red Foreman

RedDwarf's picture

Someone or a group of someones with a lot of money in the good old US of A have decided it's time to buy physical in quantity.  That is IMO the most logical interpretation.  Now, if that is true then it means the smart money is starting to move to physical, which means the starter guns for this race has finally been fired off.

This is not going to be a one and done event.  This is I think the beginning of a much larger trend.  Gold is about to truly shine.