The figures are out and it looks like the United States exported a record amount of gold to Hong Kong in January. Not only was this a one month record… it was a WHOPPER indeed.
Last year, the U.S. exported a total of 215 metric tons of gold bullion to Hong Kong. This was not the total amount of gold exported to Hong Kong as some smaller quantities of Dore’ and precipitates made their way into the country as well.
However, Hong Kong received more gold than any other country… Switzerland came in second at 150 metric tons. The table below shows the breakdown in U.S. Gold Bullion exports in 2013:
Here we can see that the highest month of gold bullion exports to Hong Kong was August at 30.7 metric tons (mt)… let’s just say an even 31 mt. According to the data just released by the USGS, the United States exported a stunning 57 mt of gold bullion to Hong Kong in January.
Not only is this 3 times more gold exported than January, 2013 (17 mt), it was 84% more gold than the record month set in August (31 mt). As we can see, gold bullion is fleeing the U.S. and heading to the East. Again.. that 57 mt figure is just gold bullion.
Full article: U.S. Exports A Record Amount Of Gold To Hong Kong In January (SRSrocco Report)