from King World News:
Here is what Frank K. had to say along with his 3 key charts: More and more gold is flowing towards the emerging economic powers in Asia. We do not conclude this based on just anecdotal evidence, but also based on the Chinese gold imports through Hong Kong and the increasing flow of gold out of Switzerland and the United Kingdom. In April, we published a chart of the gold flows in and out of Switzerland from the first quarter of this year, based on new data published by the Swiss Customs Administration…
The gold trade data from Switzerland is not new, but this is the first year in which the import and export figures are available for each country individually. This gave us the opportunity to perform a more detailed analysis on the Swiss gold trade.
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