Loading ...“An Extraordinary Development”: Record Swiss Gold Flow Into The United States
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: