Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

U.S. Gold Exports on the Rise

IMG Auteur
Published : February 13th, 2013
164 words - Reading time : less than a minute
( 1 vote, 4/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

One of the details from Friday’s report on the shrinking trade deficit during the month of December was that gold exports played an important role in narrowing the gap. More than 20 tonnes of the stuff, worth roughly $1.2 trillion, left our shores, most likely headed for Asia. Based on the data below from the St. Louis Fed, there isn’t anything particularly new about this, it’s just not something that I’ve ever thought about.



Of course, many people think that an even larger amount of monetary gold (i.e., metal held as reserve assets by the government and/or central bank) leaves the U.S. every month as part of a gold leasing program related to the nation’s official gold reserves of 8,134 tonnes. Just as an interesting point of reference, if the official gold reserves of the U.S. were being leased out at the same 20 tonnes per month rate as nonmonetary gold, it would take about 33 years to deplete the entire U.S. gold stockpile.


<< Previous article
Rate :Average :4 (1 vote)
>> Next article
Latest topics on forum :
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
New York Times Asks Obama to Pro...
05:56samking73
If truth were known, CIA torture or should I say "enhanced interrogation" probably goes back a lot farther than the Bush/Cheney administration. I'...
Who will destroy the World ?
05:37samking731
A think it's almost a completely different band. Maybe the original drummer and one back up singer.....but that's about it. lolol
A Tale of How It All Went Down
03:28Gypsy
That was the GOOD dream. The Nightmare of all the under-handed, low-life, conniving, under-the-table, behind-the-back, treacherous, lying, sniveli...
Who will destroy the World ?
25 Decsneezy671
Yes Mr. Einstein.....Fukushima, Japan is a classic example of your observation(s)
Who will destroy the World ?
25 Decsneezy671
Goodness....the comments overpowering the article...where is everyone at now...same song same verse or different verse?
New York Times Asks Obama to Pro...
23 Decovertheedge3
Although I find ready agreement with most of your post, I have a serious problem with this: "Starting a criminal investigation is not abou...
The Price of Everything and the ...
23 Decprljr1
"Try not to forget that the US Constitution strictly mandates that there will be no State laws enacted that impair the Obligation of Contracts. Art...
Spain to Suspend Evictions, Rewr...
23 Decovertheedge
"... negotiate funding agreements with creditors for half of the accrued liability ..." The devil is always in the details. Accrued l...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.