Reuters/Peter Hobson/9-17-2020
“Swiss exports of gold to the United States all but halted in August while shipments to China and India rose, customs data showed on Thursday, suggesting a big transfer of bullion to New York that followed the coronavirus outbreak has run its course.”
USAGOLD note: We would have emded that sentence with the words “for now.” Historically, the West tended to buy gold when it was rising. The East bought when it dropped. Those cultural tendencies, though, are undergoing a change. The record shows that American funds and institutions, as reflected in ETF flows, were big buyers beginning in 2019 when this rally began.
