Gold massive flow from Switzerland to Chaina

Massive flows of gold coming from Switzerland to China have just been reported by Reuters on Thursday. In fact, in April, it was the highest amount of gold imported into China from Switzerland since December of 2019. During 2020, they obviously had a slump in gold demand as people prioritized buying other things. But it looks like that demand has almost fully rebounded now as a Swiss customs data shows 40.2 tonnes of gold was about $2.5 billion worth being exported to China. And just to put that into perspective, that's more gold than was sent to China for the previous 14 months combined. And you might be thinking to yourself all this is just Switzerland, no big deal, right? Well, Switzerland is actually the world's largest gold refining center and transit hub, which means that when you look at the numbers coming out of Switzerland and provides at least somewhat of a meaningful signal on what's happening in the gold market. Now, if you don't remember in April, the People's Bank of China, the pboc, their central bank, they actually open the floodgates and granted permission to commercial banks to start importing large amounts of gold. And so it's no coincidence, in my opinion that the beginning of April marked the bottom of that gold sell off, and we've been rebounding ever since as demand from China has really picked back up again. But they're not the only big gold buyer in the world and India, in fact, as the second largest gold buyer and in March, India imported a record 86 tons from Switzerland and in April another 56 times in summary, there are massive moves going on in the world right now with the gold markets and many people all around the world are getting their hands on gold as fast as they can and the financial habits of people in the West are not indicative of most people. In most countries. For most of human history, you might not even know where to get gold. If you want it to go buy gold today, you might not even know where to go apart from walking down to a local pawn shop. That doesn't mean that most people around the world especially through most of human history, haven't stored their wealth in gold, especially in this day and age when a government or a central bank can just decide by their own discretion to confiscate purchasing power from the currency that it makes everybody in their country us confiscate some of that and assign it to others or themselves. It's becoming more and more imperative to store your wealth in vehicles that governments cannot access cannot confiscate cannot steal through the power of the printing press. And if I didn't describe you earlier, and you have no idea where to buy gold, even if you want it to, I'll be providing you with the best and easiest way to get gold instantly at your convenience. Introducing to you the Digital Gold Platform.

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-> How much is the transaction fee?
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Conclusion
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Exchange: https://cryptex.net/trade/GOLDUSD
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