The Phaserl


Gold Flows East – China, India Import Massive Quantities of Gold from Switzerland

from Gold Core:

In what future generations will likely see as a major, potentially catastrophic blunder of monetary policy, the West and particularly the City of London continues to hemorrhage huge volumes of gold which is flowing Eastwards to Singapore, India and China from London via Switzerland.

“Gold exports to China from the refining hub of Switzerland almost doubled to 46.4 metric tons in March”, up from 23.6 tonnes in February” according to Bloomberg. India’s gold imports from Switzerland doubled to 72.5 tonnes in the same period.

The increasingly affluent masses in China and India continue to have a voracious appetite for gold as a store of value.

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1 comment to Gold Flows East – China, India Import Massive Quantities of Gold from Switzerland

  • Anon

    WHY would the Western Int’l Central Bankers just hand all their gold over to China, and India? Why? Is this a global transfer of wealth, or a global redistribution of wealth?
    Is this the mechanism, by which the WICB are going to “level the playing field” – and essentially globalize poverty, among the 99.999% – especially in America?, while offering a seat at the global central banking table, in the next global monetary regime, to foreign “elites”, and thus securing for themselves an equally important role in the next global monetary structure? That is what appears to be happening.

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