from Gold Core:
It is worth noting that the 797 tonnes, while a large number in tonnage terms, for the very small physical gold market, is only worth $37 billion in dollars terms which is less than half the $85 billion in quantitative easing or money creation and debt monetisation that the Federal Reserve does every single month.
The 797 tonnes of gold “exported” from the U.K. to Switzerland is nearly 30% of total annual gold mining supply.
Rather than “exported,” the flow of gold to Switzerland is more a form of capital flight as, the safest form of money in the world, gold, flows out of the U.K. and into strong, store of wealth, hands in Asia and storing bullion in Switzerland.
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