Comment: $1 billion in gold shipped from NY to South Africa

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$1 billion in gold shipped from NY to South Africa

A massive shift of scrap gold moving from west to east. SA must just be a transit point / straw man. Something big is happening and it is not good for the USD. As soon as a major Eastern currency declares a move to the gold standard the house of cards begins to fall.

"It turns out the $1.1 billion swing is entirely due to unusual shipments of gold from the US to South Africa in February and March. So far this year, 20,013 kg of unwrought gold, worth $982 million, has left John F. Kennedy International Airport (JFK), in New York, for somewhere in South Africa, according to the US Census Bureau’s foreign trade division. (Unwrought gold includes bars created from scrap as well as cast bars, but not bullion, jewelry, powder, or currency.)"

"One resists the invasion of armies; one does not resist the invasion of ideas" Victor Hugo