Asia Acquires 600 Tonnes Of Gold From Switzerland In First Half Of Year [iShares Silver Trust (ETF), SPDR Gold Trust (ETF)]

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July 30, 2014 10:44am NYSE:GDX NYSE:GDXJ

india-gold-etfThe Silver Bug:  If you only listened to the mainstream media, you would be led to believe that the bull market in gold is over.

Pack up your bags and head home.

The price can only go down from here!

Many investors in the Western world have fallen for the MOPE.

They believe the propaganda and see gold as a barbarous relic and nothing more.

Unfortunately, they are sorely mislead.

The East, however, sees gold in a different light.

They know that the United States continues to print fiat dollars into oblivion.

They see the end game, a return to an asset-backed currency and honest money.

Previously, I reported on how China continues to buy vast quantities of gold from the United States. [Related: The TRUTH About China’s Massive Gold Hoard]

Last year alone, the United States exported a massive 215 metric tonnes of the yellow metal to Hong Kong.

A trend that has continued into this year.

It appears that the US is not the only ones acting in a foolish manner and dis-hoarding one of its most valuable assets.  [Related: Pure Manipulation, $1.3B of Paper Gold Dumped Onto Illiquid Market]

According to the latest figures by the Swiss Customs Administration, Switzerland has exported a staggering 600 tonnes of gold to Asia in the first half of this year alone!

The Market Update was able to decipher the destination of these gold flows.



Surprise, surprise.

The majority of the gold continues to flow to China, India and Singapore.

The trend continues on. [Related: Jim Rickards: You Are Witnessing The Collapse Of The U.S. Dollar]

The West sells the future of its citizens, as the East continues to position itself as the new financial leaders of the World.

This article is brought to your courtesy of The Silver Bug.

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