Switzerland Has Exported A Shocking Amount Of Gold To Asia

kingworldnews.com

With the war in the gold and silver markets heating up, today gold analyst Frank K. out of the Netherlands sent King World News two shocking charts which reveal the massive flow of gold from West to East.  The charts show gold is literally hemorrhaging from Western central bank vaults to Eastern vaults, where it will never return.

Here is what Frank K. had to say along with his 2 key charts: According to the latest figures by the Swiss Customs Administration, the country has exported a total of more than 600 tons of gold to Asia in the first half of this year....

Since the start of this year, the Swiss Customs Administration is obliged to provide more detailed information on international gold and silver trade.  Every month they publish an update on the volume of precious metals being exported to and imported from other countries.  We documented the gold flow to Asia earlier this month.

In the month of June, a net volume of 55.78 tons of yellow metal went from Switzerland to Asian countries, bringing the total gold exports to Asia for the first half of this year to 603.38 tons of gold. A small amount of gold found it’s destination in the Middle-East. Over the first half of this year, the net exports from Switzerland to the Middle East were a modest 6.9 tons.

The regions supplying Switzerland with gold in the first half of 2014 were Europe (395.21 tons), South-America (227.44 tons), North-America (111.33 tons) and Africa (87.9 tons). Central-Asia and Middle-America exported a net volume of 39.6 and 13.65 tons to Switzerland.

The graph below clearly shows the flow of physical gold to Asia. The dark colored bars show the net flow of yellow metal from and to Switzerland in the first five months of the year. The light colored bars represent the volume traded in June. As you can see, the trend continued in the past month.

Gold flows to Asia

The question is, which countries within Asia import so much precious metals from Switzerland. The following graph provides us with the answer. Most exports went to Hong Kong (239.37 tons), India (152 tons), China (88.93 tons) and Singapore (58.31 tons). A lot of the metal sent to Hong Kong is forwarded straight to China, as we know from the export numbers of the Hong Kong Census and Statistics department.

These two charts clearly capture the flow of gold to the rising economic powers in Asia, especially China, India and Singapore.”