The British Office for National Statistics just admitted that it miscalculated British imports by some L6 billion pounds sterling! Guess what they missed. That's right. What else? You guessed right: gold:
http://www.gata.org/node/16984
It always seems to be gold. Hmmm. ...
Anyway, it depends on the exact day each ounce of gold was imported, but generally speaking, that money adds up to about 186 tonnes of gold bullion. The uncertainties of Brexit seem to have caused a massive surge in gold demand in a very short time. It's a huge amount of gold, and it compounds the point I have been making for a long time. World gold demand far outstrips supply. ...
... For the remainder of the commentary:
http://averybgoodman.com/myblog/2016/12/08/oo...aucrats-miss...
