Americans bought a lot of Canadian gold

[pmbug]

Canadian gold exports jumped in April, pushing the nation's export volumes to record highs, according to Statistics Canada.
...
The soaring metal product exports included rising gold shipments from Canadian financial institutions to the United States. Statistics Canada said that increased interest in Canadian gold products indicates economic uncertainty.

"The gain largely reflected higher transfers of gold assets from Canadian financial institutions to the United States," the press release added. "These increases came amid a context of economic uncertainty when investors tend to favor safe-haven metals such as gold and silver."

These elevated levels are not expected to last into May or June, Reuters quoted Stuart Bergman, chief economist at Export Development Canada, as saying.

"The cautionary note is many of those volume shipments reflect those truckloads of gold being shipped down to the U.S., and so certainly that's not something that we would expect to see repeated in future months," Bergman said. "At face value, the headline number is fairly good, but as you dig a little bit deeper, there is cause for some concern as to whether we would expect to see these export gains repeated in May and June."
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Canada's gold exports to the U.S. surge in April amid economic uncertainty: Statistics Canada

www.kitco.com

Are premiums on Canadian gold products lower than US Mint or other comparable products?

 

[nickndfl]

Slightly lower premiums and currently #2 preferred to USA PMs.

I like the Brits and SA bullion better because of their lower premiums.

Canadian PMs are considered on par with USA. Aussie, UK and Phils have been considered 2nd & 3rd tier, but Idon't know why.

 

[Voodoo]

Probably because the US Mint can't pull its thumb .... well you get the idea.

 

[jrog100]

Yeah, I try not to buy anything canadaian since there prez is a cuck bitch, just like amerikkka's.

 

[Voodoo]

Yeah, I try not to buy anything canadaian since there prez is a cuck bitch, just like amerikkka's.

So you will also avoid the Perth and Britannias and S. America and Philharmonics.... gonna be left with?

 

[jrog100]

So you will also avoid the Perth and Britannias and S. America and Philharmonics.... gonna be left with?

Actually yes. I don't buy any of that foreign shit with the exception of S Afrikian krugerands and us gold.

 

[nickndfl]

I was never a fan of the maple leaf, but Canadian women are very under rated. Most are liberals which is their major malfunction, but they outclass American women in many other ways.

If you like SA krugs, then you will love the .9999 elephants.

 

[Ttazzman]

i really dont care where it comes from....a melting pot doesn't give a crap whose face or art design is on a coin .....but if its all the same money buy the best you can at the lowest prices because some people care