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IPMI and Industry News: Industry News Archive

Swiss Gold Exports Moving East

Thursday, July 27, 2017  
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LAWRIE WILLIAMS: June Swiss gold exports: 90% moving east

The latest figures for gold exports from Switzerland just further emphasise that physical gold is continuing to move eastwards in a big way.  The country’s gold refineries sent 74% of their gold exports to Greater China (the Chinese mainland and Hong Kong) and India alone, while if we add in other south and east Asian nations – Malaysia, Singapore, Taiwan, Thailand and South Korea – and the Middle East – Turkey, the UAE, Lebanon and Jordan – fully 90% of Swiss gold exports that month moved to this region. - Sharps Pixley 07/27/2017

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