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Bedrock of the Community
United States
11880 Posts |
You may be witnessing an increase in gold prices, alongside other metals, but ultimately gold is leaving the Country at a fast pace. If you sell your precious metals, it is likely to leave the Country if you live in the U.S.. Prices are higher everywhere outside the U.S. and this is likely to have second and third order consequences. What do you think these will be?
The following is a Google gemini AI Overview on the topic of U.S. gold exports. The main source is the World Gold Council.
Swiss Gold Exports to US Collapsed in August After Tariffs
The U.S. significantly increased its gold exports in late 2025, particularly in October, leading to a sharp drop in the overall trade deficit, with major destinations being the UK, Switzerland, Singapore, India, and Australia. This surge in nonmonetary gold shipments abroad, alongside a decrease in pharma imports, was a key driver, with export volumes potentially reaching levels not seen in years, according to recent economic data and analysis.
Key Highlights:
October 2025 Surge:
Gold exports, especially nonmonetary gold, saw a substantial $6.8 billion increase in October 2025, contributing significantly to the narrowing trade deficit.
Major Export Destinations (2024):
The largest buyers of U.S. gold were the United Kingdom ($10.8B), Switzerland ($9.41B), Singapore ($2.99B), India ($2.05B), and Australia ($1.06B).
Growing Markets:
The UK, Singapore, and India showed the fastest growth in gold exports from the U.S. between 2023 and 2024.
Volume Increase:
By mid-2025, the U.S. had already exported about 60% of the total volume from the previous year, suggesting record export levels for 2025.
Impact on Trade Balance:
The strong gold exports were a primary reason for the U.S. posting its smallest monthly trade deficit in 16 years in October 2025.
Context:
These figures relate to nonmonetary gold, which refers to gold in forms other than money, such as bullion used for investment or industrial purposes.
The trend reflects global market dynamics, with shifts in trade patterns and resource nationalism influencing precious metal flows.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
01/16/2026 6:04 pm
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Bedrock of the Community
 United States
11880 Posts |
Global Markets Investor on X @GlobalMktObserv #128308;Gold is flooding out of the US at a record pace: US non-monetary gold exports surged to a record $17.1 BILLION in October. This refers to physical bullion shipped for investment, jewelry, and industrial use, not central bank reserves. This marks an unprecedented spike compared with the typical ~$1-3B monthly range over the last 15 years. The surge reflects soaring demand for hard assets as investors hedge against currency weakness, geopolitical tensions, and trade-policy uncertainty. Truly unprecedented.  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
11880 Posts |
The U.S. is one of the cheapest places to buy precious metals. There are many surcharges abroad. Security, storage, transport, bribes, taxes, all increase the price of precious metals abroad because all of these cost more abroad. But people abroad still buy it because they don't trust their local currency. The price of metals is increasingly not set in Chicago, NY or London.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
11880 Posts |
In October 2025: 1. Exports of Nonmonetary gold increased $6.8 billion, while, 2. Imports of Nonmonetary gold decreased $1.4 billion. So, netnet, we imported less and exported a lot more. Source: https://www.bea.gov/news/2026/us-in...october-2025The October 2025 release is the most recent one by the Commerce Dept. IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
01/16/2026 5:53 pm
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Bedrock of the Community
United States
11880 Posts |
The obvious first order consequence is that gold and other precious metals will become more scarce domestically and fiat dollars, financial assets, IOU's from governments and companies, will become more prevalent. You know, the instruments that people can make worthless at the whim of someone overseeing that system.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
01/16/2026 6:18 pm
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Bedrock of the Community
United States
11880 Posts |
Spot price of gold and silver in the U.S. is likely at the lower end of global pricing. When a dealer offers you 10-20% back of spot and domestic wholesalers pay similar mark-downs, who will be the buyer? Apparently it is someone abroad who is dying to get rid of their unstable currency. The more unstable their currency is, the more they will be willing to pay. We know no U.S. buyer is stepping up with cash, at least at this moment. Circumstances may change.
But cash buyers abroad are probably salivating at the fact that you can get such discounts here and people are lined up out the door to sell cheap.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
11880 Posts |
Apparently there is no scarcity of gold and silver in London vaults due to a spike of U.S. exports of metals. London is reporting 3 year highs in gold and silver holdings.https://www.bullionvaultaffiliate.c...on-010920261"Global hub for bullion trading and storage, London saw gold and silver vault holdings rise to 3-year highs last month on data from trade association the LBMA. The world's largest commercial stockpiles of bullion have more than recovered the record London gold outflows made early last year as US importers rushed to stockpile gold and silver for fear of President Trump imposing trade tariffs on precious metals. ... London silver holdings rose to a 40-month high in December on the LBMA's data, but net growth of 637 tonnes was outrun by 818-tonne net demand to back the giant iShares Silver Trust ETF (NYSEArca: SLV). Interest rates to borrow silver bullion in London continued to ease Friday, dropping to 3.3% annualized on 1-month lease deals. But silver liquidity remained tight in Asia, with retail dealers in Singapore saying stock orders booked in December are now due for delivery in March, while Chinese prices in Shanghai today rose to a premium of $10 per ounce above London before accounting for the giant bullion consumer nation's import tax."
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Moderator
 United States
187446 Posts |
Interesting stuff.  |
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Bedrock of the Community
United States
11880 Posts |
Kathleen Tyson on X @Kathleen_Tyson_ Are US winning the trade war? Trade deficit only narrowed due to gold exports!  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Moderator
United States
187446 Posts |
Quote:
Trade deficit only narrowed due to gold exports! That tracks.  |
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Bedrock of the Community
United States
11880 Posts |
The Spanish Empire that dominated the gold and other resources of the New World, lost its global economic dominance by engaging in senseless wars throughout Europe that depleted all the treasure they gathered in the New World.
The British Empire that dominated the global economy by defeating the Spanish Armada in 1588, colonizing the World and reaping the riches from birthing the Industrial Revolution, lost its global economic dominance by engaging in two horrific World Wars.
I hope we don't end up fighting another Vietnam in Venezuela, Iran, Greenland, Cuba, Colombia, Taiwan, Ukraine... did I miss any?
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
01/18/2026 5:01 pm
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Moderator
United States
187446 Posts |
List looks complete to me. So much for the "no more wars" promise.  |
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Pillar of the Community
United States
3342 Posts |
October 2025 was a good time to sell some gold and reposition. I started accumulating around 2012, sort of as an adjunct to coin collecting. I picked up rarer dates that I could afford. But it morphed into a hoarding instinct, buying common dates that didn't really interest me. When gold hit $4350 I liquidated those so that I could get rarer dates again. Among those are a Carthage electrum stater and an 1812 half eagle.
Collectable coins have not risen in price the way PM's have. The rise in gold price made these formerly unaffordable coins affordable. I suppose that the coins I sold were melted and exported. But that doesn't concern me. I'm not trying to get rich at this. But I will take profits when there is an opportunity.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
01/19/2026 09:37 am
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Moderator
United States
187446 Posts |
Quote:
I'm not trying to get rich at this. But I will take profits when there is an opportunity. That is fair.  |
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Pillar of the Community
United States
920 Posts |
Will numbers for November be released early in February?
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Bedrock of the Community
United States
11880 Posts |
Next release: January 29, 2026, at 8:30 a.m. EST
U.S. International Trade in Goods and Services, November 2025
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Replies: 47 / Views: 2,713 |
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Posted 01/16/2026 5:19 pm
