There has been a huge increase in people buying physical gold and silver Over the past few years just in the USA alone. I would love to see gold prices skyrocket. And silver.
Worldwide, China is the main buyer at the moment.
From Newsmax 2 days ago , quote” Switzerland is the world's biggest gold refining and transit hub. It imports bullion from mines and storage centers around the world for processing and re-export. Last year, it exported 524 tons of gold worth around $33 billion at current prices to mainland China and Hong Kong, up from 354 tons in 2021 and the most since 2018, Swiss customs data showed.
Switzerland shipped 69 tons of gold to Singapore, up from 33 tons in 2021 and the most since 2017, and 92 tons to Thailand, up from 56 tons in 2021 and the most since 2013. It sent a whopping 188 tons to Turkey, up from 11 tons in 2021 and by far the most in records stretching back to 2012, and 47 tons to Saudi Arabia, up from 7 tons in 2021 and the most since 2015.
The weak spot was India, the biggest bullion market after China. Switzerland sent 224 tons of gold to India last year, down from 507 tons in 2021.
© 2023 Thomson/Reuters.
Read Newsmax: Chinese Bought 524 Tons of Swiss Gold in 2022 | Newsmax.com
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