Published: 2019.07.30. USA - net exporter of gold for 33 months in a row

USA - net exporter of gold for 33 months in a row - Preview

For the past 33 months in a row, the United States has been net exporters of gold to other countries. During the period from January to April of this year, the States sent abroad 74.3 tons of yellow precious metal. And even at the level of the Central Bank a lot of gold leaves the country.

If some countries accumulate gold, as Russia does, other countries, like the USA, get rid of it. The Geological Survey of the Country (USGS) published data on the export-import of gold in April 2019. From the data it follows that in April 30.8 tons of precious metals were exported. Of these, 20 tons were sent to the UK. In this case we are talking exclusively about investment gold. Also 4.71 tons were shipped to Switzerland, and another 4 tons - to India.

At the same time, in April, the United States imported 11 tons of gold from other states. 1.61 tonnes were brought from Canada. This precious metal belongs to the Canadian Mint, which minted Maple Leaf gold investment coins. Lower quality gold was imported from Mexico (4.11 tons) and Peru (1.24 tons).

According to the USGS, in April of this year, net exports of gold from the United States amounted to 19.8 tons, which is + 20% more than March, but –24% less than April 2018. Thus, from January to April 2019, net exports yellow precious metal from the United States amounted to 74.3 tons. Last year, the figure was 108.1 tons for the same period of time. It turns out that for the past 33 months in a row, the US has been exporting more gold abroad than it is importing. Even if we take into account the extraction of precious metals in April with a volume of 17.4 tons, then still the country left more precious metals than arrived.

At the level of the US Central Bank, a large amount of yellow precious metal also left the country. In 2012, the Fed’s repository officially contained 6,200 tons of gold. In April 2019, this volume amounted to 5.741.84 tons. It turns out that 458 tons of gold has disappeared from the Fed's store in New York over the past 7 years. The fact is that some countries have decided to take their gold from the United States so that it is located on the territory of the state in case of another financial crisis.