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<p>[QUOTE=&quot;Juan Blanco, post: 1576496, member: 41665&quot;]I&#039;m not certain yet, but looking for a rough estimate &quot;Total RHODE ISLAND Exports and % Share of U.S. Total&quot; where &quot;WASTE &amp; SCRAP GOLD EXCL SWPNGS CNTNG OTH PREC MTLS&quot; is KGold bricks exported to Switzerland and elsewhere for refining @ POG 1572 ~50.83 m.t. whereas &quot;GOLD COMPOUNDS&quot; includes ore ~45.13 m.t. for Year 2011.</p><p><br /></p><p>The big picture is probably here: USGS data for 2011</p><p><a href="http://minerals.usgs.gov/minerals/pubs/commodity/gold/mcs-2012-gold.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://minerals.usgs.gov/minerals/pubs/commodity/gold/mcs-2012-gold.pdf" rel="nofollow">http://minerals.usgs.gov/minerals/pubs/commodity/gold/mcs-2012-gold.pdf</a></p><p><br /></p><p>2011: Mines produced 237 &gt;&gt;&gt; 190 m.t. of refined Au and recycled another 225 mt, plus imports - consumption &amp; exports ~ + 415 m.t.&nbsp; So the USA was accumulating Au in 2011.</p><p><br /></p><p>Another site shows <b>US export stats</b> for Oct 2011 - Sept 2012 &#039;Gold Bullion Unwrought, Nonmonetary HTS Code: 7108.12.1010&#039; <b>$990 mln &gt; $2.45 Bln <i>per month </i></b>.... back-of-the-envelope calc month by month avg POG : <b>~<b>364</b>.113 m.t</b></p><p><b></b><a href="http://www.zepol.com/HTS-Export/7108121010.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.zepol.com/HTS-Export/7108121010.aspx" rel="nofollow">http://www.zepol.com/HTS-Export/7108121010.aspx</a></p><p><br /></p><p>Also <b>IMPORTED (same months &amp; avg POG by my calc)</b> &#039;Gold Bullion Not Less Than 99.95 Percent Gold By Weight, Unwrought, Nonmonetary... HTS Code: 7108.12.1013&#039; <b>~70.964 m.t. </b></p><p><b><br /></b></p><p><b></b>The <b>net <i>bullion </i>export (Oct 2011 - Sept 2012) from USA appears to be ~293.15 m.t. </b>Presumably, that&#039;s all Gold bar, ingot from mines &amp; storage ... and Mint coin? (There&#039;s a &quot;monetary&quot; category I cannot find data for.) These numbers are waaaay higher than US coin/bar consumption of the WGC; I don&#039;t know what I&#039;m missing or how to tie together these diff sources.</p><p><br /></p><p>I still think it shows US retail buyers are a tiny part of what&#039;s happening, both imports/exports.[/QUOTE]</p><p><br /></p>

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