Bloomberg/Catherine Bosley/8-5-2020
“During the first five months of the year, the country vaulted over Ireland and Germany to earn the title, according to data from the U.S. government, which is releasing numbers for June on Wednesday. Switzerland sits at No. 3 globally, up from 10th at the end of 2019, with only China and Mexico posting larger surpluses in the value of goods traded with the U.S. from January through May.”
USAGOLD note: And most of that surplus has to do with gold bars moving over the mountains and across the ocean to American investors. The post immediately reveals one big source of demand i.e., gold bullion coins. The other big draws are gold ETFs and outright bar purchases.
