Posted by Francis Koh on 20 Mar 2014

The Run On U.S. Gold Continues.

If we look at the chart below, U.S. gold exports in 2010 were 383 metric tons (mt), however by 2013, they increased 81% to 692 mt.  In addition, U.S. gold imports fell 48% from 604 mt in 2010 to 313 mt in 2013.

 

U.S. Gold Imports vs Exports

According to the USGS Gold Mineral Industry Survey (published late), the U.S. exported the majority of its gold in the first half of the year.  By the end of June, the U.S. exported 406 mt, averaging 68 mt a month.  In the second half of the year, the U.S. only exported 286 mt, averaging 48 mt a month.

Read More: srsroccoreport.com/the-run-on-u-s-gold-continues/the-run-on-u-s-gold-continues/