By: Mike Hammer
It looks like the US is once again negative when it comes to the flow of gold. In 2016 the US had a net-positive flow of gold, on the order of 44 tonnes. For 2017 it looks like that figure has reversed, and early counts show a minus-76 tonne net flow. Which means US gold exports exceeded imports by 76 tonnes.
Most analysts agree that net demand for retail gold coins was down in 2017, but that usually means gold stays in the US waiting to be used. This past year, purchases from other countries pulled that gold and more out of the United States. Now, we know both China and Russia continued accumulating gold for their central reserves in 2017. It was a regular topic in these pages. Is the US losing power in world economic markets as a result? Only time will tell.
For today, you can read more about gold flows here, and let us know what you think in the Comments below.