Another day, another 220K oz of gold delivered to comex vaults, another record high above $2950.
Gold is a straight line higher ever since the panic scramble for physical began in late December Source: zerohedge
BREAKING: 85% OF SWISS GOLD EXPORTS NOW HEADING TO THE USA.
Gold exports from Switzerland rose year on year in January as supplies to the United States soared to the highest in at least 13 years and offset lower deliveries to top consumers China and India, Swiss customs data showed on Thursday. Switzerland, the world's biggest bullion refining and transit hub, alongside Britain which is home to the world's largest over-the-counter gold trading hub, saw a surge in gold transfers to the U.S. in recent months as President Trump readies wide-reaching import tariffs that some market participants fear could affect gold deliveries. The concern has widened the price premium between U.S. gold futures and London spot prices, attracting massive deliveries to Comex gold inventories. According to the Swiss data, gold exports from the country to the U.S. rose to 192.9 tons in January from 64.2 tons in December. This was the highest monthly amount of exports in the customs data going back to 2012. Trump has not mentioned precious metals are likely to be targeted at all, but since late November, when he pledged to impose tariffs on imported products from Canada and Mexico, 20.4 million troy ounces (636 metric tons) of gold worth $60 billion at current prices were delivered to Comex-approved warehouses. These deliveries raised Comex gold stocks by 116% to 38.0 million ounces, the highest since March 2021, and tightened liquidity in the London OTC market. Source: Yahoo Finance, Make Gold Great Again on X
Pretty soon Fort Knox will be filled up again ;-)
Source: Willem Middelkoop @wmiddelkoop on X
U.S. has the largest Gold Reserves in the World by far,
in fact it has more than Russia, China, Switzerland, India, and Japan combined. Source: Bloomberg
Update: The US Government claims it has almost 5000 tons of Gold
but Fort Knox US Gold Reserve has not been audited since 1974, almost 50 years ago... No one has seen any of it. Source: US Homeland Security News @defense_civil25
Gold consecutive weekly gains
Source: Win Smart
Gold has officially hit the highest level EVER on an inflation-adjusted basis
This is why they call Gold an inflation hedge. Source: Bravos Research
India and Chinese Gold Reserves are at all-time highs
Source: Barchart, Bloomberg Opinion
