USA imported 50 times more gold than any other month from Switzerland in May 2016

in #gold8 years ago


The month of May 2016 has been particularly regarding gold exports from Switzerland to the United States. Historically , US actors have been exporting gold to Switzerland but in May 2016 something happened that had not been seen for decades : a record gold imports to US from Switzerland . In May 2016 , USA It imported 50 times more gold than any other half-month ( 0.4 tons ) from 2015 , with 20.7 tons ( 665,500 ounces of gold) .

Total imports of US gold exploded in May with 50 tons , twice as compared to April 2016 which 26.5 tons were imported . Gold exports from the US fell to lows in May with 20.2 tons. Total exports of US gold January to May 2016 totaling 139 tons compared to 195 in the same period of 2015 .

Before May 2016 , the United States used to export more gold than produced annually and that was imported , but in May 2016 Switzerland exported more gold to US in a month than in any year since 2000.

Gold imports to US from Switzerland from 2001 to May 2016

Historically the vast majority of US gold exports have gone to Switzerland and the United Kingdom.

Main recipients of gold exports from 2001 to 2013

What happened in May 2016 to reach record highs gold import to the US? We do not know. It could be related to the growth of large gold ETFs or other factors indeterminable at this time.

Sort:  

Could it be fear of Donald Trump making America bankrupt again? Like he did with his businesses in '91, '92, '04 and '09...

I think so.