U.S. GOLD EXPORTS: Almost 130 Metric Tonnes During Jan-Feb 2013

There seems to be a great deal of the yellow metal heading out of the United States and into certain foreign countries lately.  According to the USGS, the United States exported 129 metric tonnes of gold Jan-Feb, 2013.  At this rate, total U.S. gold exports could reach 700-800 metric tonnes this year.  With the recent take-down in the price of gold in April & May, I would imagine the United States is more than likely going to reach that figure.

If we look at the chart below we can see just who received all this gold:

1 oz Silver Buffalo Round As Low As $1.49 Over Spot At SDBullion!!

buff gsm

From The SRSroccoReport:

The figures in the chart represent gold in refined bullion, Dore’ & precipitates.  The U.K. received  7.4 metric tonnes in Jan and 11.5 more in Feb for a total of 18.9 metric tonnes.  Hong Kong came in second by importing a total of 40 metric tonnes (Jan-Feb) from the United States, while Switzerland received 43.5 metric tonnes.

In total, the United States exported 129 metric tonnes of gold (refined bullion, Dore’ & precipitates) in the first two months of 2013.  The U.K, Hong Kong and Switzerland accounted for 102.4 metric tonnes or nearly 80% of all U.S. Gold exports during these two months.

Furthermore, the U.S. only imported 50 metric tonnes of gold during this time period, while domestic gold production supplied an additional 35 more.  With a total of 85 metric tonnes of gold imports and domestic mine supply, the United States suffered a net deficit of 44 metric tonnes in the first two months of the year.

As I mentioned, if the rumors are true that supplies of gold are in short supply, I would imagine the United States will be exported a record amount of gold during the remainder of 2013 … that is, if there is the available gold to export.


2013 Silver Eagles As Low As $3.79 Over Spot at SDBullion!


The SRSrocco Report will focus on how energy will impact the overall economy with a focus on the precious metals and mining industry. Gold and silver have been used as currency and excellent stores of wealth over past several thousand years… and will continue to be used as such.

The SRSrocco Report will provide detailed, objective analysis via monthly reports that will show investors the assets that are fundamentally better stores of wealth, as well those assets and sectors to stay away from in the future.

What does a subscriber get?

With the SRSrocco Report, you’ll get monthly access to privileged information revealing such vital information as:

  • Which assets provide a fundamentally better store of wealth and which sectors you should definitely steer clear of.
  • Which precious metals have provided secure stores of wealth since before Noah’s Ark…and will continue to do so when all else fails.
  • How net energy loss will impact the overall economy and why you should transition to a more local and less complex lifestyle.