Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (60551)	1/24/2023 4:08:00 PM
From: bull_dozer	Read Replies (1) \| Respond to of 60900

Switzerland sent 524 tonnes of gold to China last year, the most since 2018 Swiss exports of gold to countries including China, Turkey, Singapore and Thailand surged to multi-year highs last year, Swiss customs data showed on Tuesday, as low prices boosted demand from consumers in Asia and the Middle East. Rising interest rates caused many financial investors in Europe and North America to sell gold in 2022, releasing large amounts of metal from storage and pushing down prices. This allowed bullion to flow to Asian markets, which are more focused on retail of jewellery and small gold bars to consumers who typically buy more when prices drop. nasdaq.com