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Massive Swiss gold imports
Swiss gold net imports totaled 147.7 million ounces from 2008 through 2013. Adjusting for the 4.4 million ounces of Swiss fabrication demand during this time, refined gold bullion inventories in Switzerland rose 143.3 million ounces.
Chinese gold investment demand totaled 43.5 million ounces over the same time period.
THAT’S RIGHT. MORE INVESTORS BOUGHT MORE GOLD STORED IN SWITZERLAND OVER THE PAST SIX YEARS THAN THEY BOUGHT GOLD STORED IN CHINA.
So much for the stories about Europe being depleted of gold.
[box]Denna analys är producerad av CPM Group och publiceras med tillstånd på Råvarumarknaden.se.[/box]
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