Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

Gold Seeker Closing Report: Gold Gains While Stocks Drop
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 3 19 2018
By: Ira Epstein

GoldSeek Radio: Gerald Celente and Wolf Richter, and Chris Waltzek

SWOT Analysis: Tightened Supplies Could Be Good for Copper
By: Frank Holmes

Technical Scoop - Weekend Update Mar 19
By: David Chapman

Larry Kudlow Toes Wall Street’s Anti-Gold Company Line
By: Clint Siegner

The Wealth Machine That Rising Interest Rates Create And The Conflict With The National Debt (Part 2)
By: Daniel R. Amerman, CFA

2018 Reversal Dates for Gold, Silver and Gold Stocks
By: Przemyslaw Radomski, CFA

Standing Ready to Lease Gold
By: Keith Weiner

Is The U.S. Economy Really Growing?
By: Peter Cook, CFA


GoldSeek Web

Swiss Exported 1,746 Tons of Gold, Russian Deliveries Raise Questions

 -- Published: Wednesday, 4 February 2015 | Print  | Disqus 

Last year Switzerland has globally exported gold worth 65 billion Swiss Francs. India was the biggest buyer, Germany was ranked 5th. Russia delivered 55 tons more than it withdrew.

The Swiss customs administration released numbers on Tuesday this week regarding Swiss foreign trade in 2014. It contains detailed information about the country’s gold imports and gold exports.

The biggest purchasers of gold
According to the report Switzerland has shipped 1,747.17 tons of gold worth 65 billion Swiss Francs (CHF) abroad. Average price per ounce: EUR 965.18 (1 EUR = 1.20 CHF). The biggest buyers were India (471 tons), Hongkong (377 tons) and China (213 tons). Germany was ranked 5th with a total of 88.54 tons worth 3.3 billion CHF (2.75 bn. EUR).

The biggest gold suppliers
Swiss gold imports amounted to 2,205.95 tons worth 64.85 billion CHF last year. Most of the gold came from Britain. London shipped 652 tons of gold worth 23.9 billion CHF. That was the equivalent of 36,673 CHF (30,561 EUR) per kilo, or 950 Euros per ounce converted. Other major suppliers: USA (211.57 tons), Russia (58.25 tons).

Swiss foreign gold trade 2014

Especially the latter number is interesting since Russia only received 2.6 tons of gold from Switzerland last year. So roughly 55 tons of Russian gold remained in Switzerland. Are they stored in the high security vaults in the Swiss Massif Central?

The Swiss Gold Balance
The Swiss net-calculation for 2014 looks as follows: The Swiss have imported 459.75 tons more gold than they exported. However, in terms of value net exports were 183.97 billion Swiss Francs. Backdrop: Many countries deliver raw gold of low purity from mine production. Above mentioned numbers from the Swiss foreign trade statistics show the following properties: ”*Gold, incl. gold plated with platinum, in unwrought forms, for non-monetary purposes (excl. gold in powder form)”.

Backdrop: 70 percent of global gold is processed by four big Swiss refineries: Valcambi, Argor Heraeus, Pamp and Metalor.


| Digg This Article
 -- Published: Wednesday, 4 February 2015 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2017 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.