Private US Gold is Flooding East As US Gold Exports Rise 43% in December!

Reuters reports that US gold exports in December were the highest monthly totals since Sept 2011, up a massive 43% month over month. An astonishing 1/2 of all US Gold exports in December reportedly  were shipped to Hong Kong!

We are watching real US wealth flow straight to China in exchange for a few more months of normalcy bias can kicking.



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Reuters reports that US gold exports were up 43% month over month to $4 billion in December:

On Friday, Commerce Department data showed U.S. exports of
nonmonetary gold, which excludes central bank transactions,
soared by 43 percent to $4 billion in December from the previous
month
.

One-half of the total went to Hong Kong:

That’s the highest total and the biggest month-on-month jump
in U.S. private gold exports since September 2011, when gold
rallied to a record high over $1,920 an ounce. Prices are
currently about 14 percent below the peak at $1,643 per ounce.
Hong Kong accounted for around $2 billion, or half of the
nonmonetary gold exports for the month.


China last updated their official gold reserves at 1,054.1 tons in 2009. The next time China updates its official gold reserves, we would not be surprised to see the official number increase 10 fold.

GOT PHYZZ?

 

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 U.S. private gold export in Dec highest since Sept 2011
    * Growing gold vault, precious metals ETFs stir demand
    * Half of December gold export went to Hong Kong

    By Frank Tang
    NEW YORK, Feb 11 (Reuters) - Booming demand for gold as a
store of wealth among Asian investors is driving physical gold
bars and coins out of the United States and into Asia.
    A growing number of gold vaults for affluent Asians and new
precious metals investment products, particularly
exchange-traded funds, have led to an exodus of gold owned
privately from the United States into emerging economic powers
such as China.    
    On Friday, Commerce Department data showed U.S. exports of
nonmonetary gold, which excludes central bank transactions,
soared by 43 percent to $4 billion in December from the previous
month. 
    That's the highest total and the biggest month-on-month jump
in U.S. private gold exports since September 2011, when gold
rallied to a record high over $1,920 an ounce. Prices are
currently about 14 percent below the peak at $1,643 per ounce.
    Hong Kong accounted for around $2 billion, or half of the
nonmonetary gold exports for the month.

Comments

  1. Tricky Dick just rolled-over in his grave.

    • Friday, Commerce Department data showed U.S. exports of
      nonmonetary gold, which excludes central bank transactions,
      soared by 43 percent to $4 billion in December from the previous
      month
      .
      -Anyone able to navigate the Dept of Commerce website and find this link? It would be good info to check up on month by month.

  2. Keep shopping at Walmart sheeple. You have no idea whats coming…..

  3. Lucky for the US/UK that gold isn’t money. (sarc) It really is curtains for these banker losers. I wonder how long it will be before these rats from he US/UK start fleeing the sinking ship of western ponzi finance.

  4. Astonishing what is going on and how little press it gets in America.
    We are so screwed…

  5. They (The Elite) want to break America and they are doing it without firing a shot. The sheepie are being controlled by the Government and the Media and we can’t do a bloody thing about it except to Keep Stacking and keep our weapons close at hand.

  6. @jj83   Sorry to all for responding to jj83′s Forum Topic in this space, but all my forum posts get blocked and vanish into cyber-space (Anyone else having that problem?).  The gizmo you are looking for is called a Fisch device.  Go to http://www.thefisch.com
     
    The Fisch device is an ingenious little tool to determine the authenticity of various silver coins.

  7. @uglyDog I’m checking out the Fisch does the #6 Silver Eagle Fisch also detect the other coins mentioned?

    • @Marchas45   The Fisch device is specific for different coins meaning you need a different Fisch for Eagles and a different one for Mapleleafs.  There are other tests like sound and if it melts ice, but if you want to quickly check several tubes a Fisch device is the way to go.

  8. No need for these devices. You can tell a fake a mile away, flick it, should make a wonderful harmonic sustained ring, and sound identical to others you have. Also it will repel a super strong magnet. Another trick, put your tongue on it. Get used to the taste. These techniques along with the usual size, diameter weight tests will pick up fakes. After handling so many silver coins I can spot a fake a mile away. The only coins to be wary of are Canadian silver maples. They don’t ping as they are too pure.

  9. All that nice rehypothacated gold…. not from private hands, from the big gold ETF’s I bet.

  10. The war is over and the US has lost. All battles are won and lost before the first shot is fired.

  11. Believe it or not. I have a family friend that has been an investment banker for over 25 years.
    The two things that he has told me are 1.) He is having one heckuva time placing money that will make any of
    his clients money because the spreads are so small that no money can be made. 2.) The very expensive economics data programs he subscribes to indicate that the stock market investment indicators are showing a possible strong decline starting by the end of this month. He also stated that U S Treasuries are doomed as there are no buyers foreign or domestic, just the Fed. He is also a Silver stacker (a shitload of monster boxes) Tells me that all financials and printed currencies are actually falling faster than that is being reported. Also states that financial news channels such a Bloomberg, CNBC. etc., are squelching the hyperinflation issues that are directly ahead and may hit late spring early summer. He is also a big believer in Shadowstats data.
    I ask him about Turkey as a Gold shill serving Iraq, Russia and China and other countries that he would not mention. Turkey is under the radar storing Gold and trading Gold Imports and Exports for major middle East countries.He said that is a very real issue as the Eastern Countries are losing 100% faith in The U S. Dollar as a trading currency Also stated that commodities, oil, Gold Silver and other precious metals will go up very rapidly in lieu of what major analysts are predicting to be longer. Also stated that WTI is rising and will perform over $100 a barrel possibly later this month and that Gold particularly will follow a strong upward trend and Silver will go with it but be somewhat delayed, but willl however go far beyond the current London Spot price.
    I told him that I had stepped up my IRA payments and his reply was to get out totally and take the tax mule and wait, because all is falling apart more rapidly in exponential increments, stocks, bonds, currencies and worthless derivatives. 
    Take it or leave it, but I will take it.
    Ranger
     

    • “He is also a Silver stacker (a shitload of monster boxes)”
       
      That’s no stack!  It’s a genuine HOARD!  :-O
       
      “…as the Eastern Countries are losing 100% faith in The U S. Dollar as a trading currency.”
       
      Yeah, this has been on the web for some time, although the MSM has and continues to studiously ignore it… probably ordered to by TPTB / Elites.
       
      “Also stated that commodities, oil, Gold Silver and other precious metals will go up very rapidly in lieu of what major analysts are predicting to be longer. Also stated that WTI is rising and will perform over $100 a barrel possibly later this month and that Gold particularly will follow a strong upward trend and Silver will go with it but be somewhat delayed, but willl however go far beyond the current London Spot price.”
       
      I agree that this WILL happen but, unlike your friend, have no idea when.  My best guess was for sometime in mid-late 2014 with the “end game” happening in 2015 but that is just my gut reaction to all the things I am reading.  Could it happen sooner?  Yeah, sure.  No way to know with certainty.  But, as they say, “better a year early than a day late”.
       
      “I told him that I had stepped up my IRA payments and his reply was to get out totally and take the tax mule and wait, because all is falling apart more rapidly in exponential increments, stocks, bonds, currencies and worthless derivatives.”
       
      That seems an extreme step to take but… if all is nearing collapse, it might not be.  In that case, staying in those dying investments could be the “extreme” thing to do.
       
      Of course, owning commodities other than gold and silver is difficult unless one owns shares in the companies that produce them.  Is he advocating owing the stocks of oil companies and agricultural products companies?
       
      “Take it or leave it, but I will take it.”
       
      Free advice and worth every cent!  lol
       
       

  12. These actions are obviously a concern for all of us, which brings me to a question.
    Could some of the gold exodus be American gold ‘stashing’ outside of the U.S.?

  13. Ranger  For what it’s worth, take your entire IRA  and move it into physical metals. The tax hit in Texas won’t be as pronounced and if silver goes up like the good doggie it’s supposed to be, you’ll recover your tax losses.  And BTW, any IRA distribution is reported to the gummint.  Sales of silver???? Not so much.  I will never report a sale of precious metals if they are at a capital gain event.  Nothing will show on the radar. 
    There are more and more ways to exit the US with precious metals but it  requires some stealth  If you want to get your gold out of Dodge the Dollar Vigilante has methods for that as does Viamat.

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