US Imported A RECORD AMOUNT OF GOLD From Switzerland In April!

April was the biggest monthly total on record, and the amount of gold imported from Switzerland over the typical month is mind-blowing…

(Silver Doctors Editors) Let’s recall a few of the kinks in the global gold supply chain over the past couple of months.

In no particular order, we’ve seen:

  • Mine closures
  • Mint closures
  • Refiner closures
  • Logistics (flight) problems

One thing that apparently did happen in April, however, was a record amount of gold exported from Switzerland to the United States.

From Reuters:

LONDON, May 26 (Reuters) – Swiss exports of gold to the
United States leapt to 111.7 tonnes in April — by far the
biggest monthly total on record — while shipments to other
destinations dwindled, customs data showed on Tuesday.

Interestingly, Reuters claims the US usually imports less than one tonne per month:

The United States, which typically imports less than a tonne
of gold a month from Switzerland, accounted for 85% of that

So to give an idea of just how much April’s imports blew the typical month out of the water, consider the following conversion (using “Metric tons”):

Notice where Reuters reports that gold did not go in April:

Of course, we’re not saying the numbers are correct or incorrect, but rather, we’re reporting them at face value.

Curiously, notice the drop in exports to India.

Dave Kranzler spoke about this in a recent Silver Doctors interview: