Swiss exports confirm gold moving from east to west
Duncan Richardson, News Editor
20 Feb 2014, 11:22 a.m.
The Swiss Federal Customers Administration Department has released its first gold trade data since 1980 and the results indicate that gold is flowing east.
According to the figures released in an e-mailed report Switzerland exported 80% of its gold and silver bullion to Asia. With the report confirming the majority of gold originated from London.
The export data confirmed 44% of all exports went to Hong Kong, 14% to India, 8.6% to Singapore, 7.9% to the United Arab Emirates and 6.3% to China.