Thursday 20 February 2014

European countries Sent 80% of Gold bullion Exports to Japan in Jan

Switzerland sent more than 80 % of its precious materials bullion and money exports to Japan last month, the European countries Government Traditions Management said today in an e-mailed review. It brought in most from the U.K.

Hong Kong was the top location at 44 % on a value basis, with Indian at 14 %, the Bern-based customs organization said in its first malfunction of the gold trade information since 1980. Singapore included 8.6 % of exports, the United Arabic Emirates 7.9 % and Chinese suppliers 6.3 %.

http://www.torontogoldbullion.com/products.html
The obverse of the 2014 China Panda gold bullion coin represents a panda that is seated in the forests and enjoying with a shrub division.

Switzerland brought in 4.32 billion dollars European countries francs ($4.87 billion) of the materials from the U.K., or 60 % of total incoming deliveries, according to the review. The U.S. was second at 4.9 %, France at 3.8 %, Malaysia at 2.8 % and Thailand at 2.5 %, the information show.

Gold dropped 28 % last season and gold delved 36 %, both the greatest yearly decreases since 1981, as some traders lost trust in the materials as a store of value. As holdings in gold-backed funds that are mostly detailed in the U.S. and European countries dropped, affordable prices enhanced demand from Japan in a sign of bullion streaming from the western to eastern. Chinese suppliers overtook Indian as the greatest gold customer last season, the London-based World Gold Authorities said in a review this week.

Gold for immediate distribution in London, uk increased 8.9 % this season to $1,313.32 an ounces and gold innovative 11 % to $21.56 an ounces.

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