Gold Exports: US is Losing Gold Again This Year

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.

 Related: Thursday’s Activity Raised Gold Prices. Here’s What You Need to Know.

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as a continuing theme. Mike graduated from UC Berkeley with a business degree, then worked with Macy's in their operations arm. He left Macy's and spent a summer trading his own account, which taught him a lot about trading in general and markets in particular. Trading through the Black Monday and the Crash of 1987 showed him how most people are unprepared for upheavals in their trading. He then joined Waddell & Reed as a financial advisor, helping regular people understand their finances and meet their life goals.

Then came the usual story - Mike met and married the lady of his dreams. They moved to upstate New York, where Mike worked first for a small manufacturing consulting company, then Cornell University. While loving the work and the higher-education atmosphere, Mike missed the world of finance. Eventually, he signed up for stock trading coaching with the Adam Mesh Trading Group, to learn from people who understood modern markets. Within a year, Adam asked Mike to become a stock trading coach.

Since then, Mike has trained over 200 individuals, spoke at several national conventions, and is a frequent contributor to conference calls across the Adam Mesh community. Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keep him in touch with "the student mindset". Mike closely follows the gold, energy, and financial sectors. His motto is "Plan your trade, then trade your plan!"

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