Guest Post: "The U.S. Exports All Of Its Gold", by Steve St. Angelo

As the world races towards another financial calamity, the U.S. Empire’s strategy to shield itself from this impending disaster, is to export all of its gold supply.  That’s correct.  The U.S. Gold Market can be summed up in three simple words… ZERO SUM GAME.

THE U.S. EMPIRE INVESTMENT STRATEGY: Export All Of It’s Gold… The Barbarous Relic

by, Steve St. Angelo

Original link to Steve's terrific site here:

As the world races towards another financial calamity, the U.S. Empire’s strategy to shield itself from this impending disaster, is to export all of its gold supply.  That’s correct.  The U.S. Gold Market can be summed up in three simple words… ZERO SUM GAME.

This is quite a different strategy from the once great super power who held over 20,000 metric tons (mt) of official gold reserves in 1950.  While the official figures now show the U.S. presently holds 8,133  mt of gold in reserve, anyone with an IQ greater than a “10”, realizes this is just an accounting gimmick.  Unfortunately, most of that gold was probably dumped on the market (or leased) to help cap the paper market price.

According to the recently released USGS data, the U.S. exported every single ounce of its gold supply in April.  Let’s take a look at the chart below:

U.S. Gold Market April 2015

U.S. gold production declined in April to 15 mt compared to 16.5 mt last year.  Total U.S. gold production year to date is down a whopping 8%.  When we add U.S. mine supply to imports for April, total gold supply for the month was 42 mt.  Now, if we look at the total export figure, we can see the United States exported its entire gold supply in April.  Thus, the net result was a BIG PHAT ZERO. 


And, if you have been reading my articles in the past, it’s even worse than that.  If we look at the total U.S. Gold Market supply and demand equation for the first four months of the year, this is the result:

U.S. Gold Market Jan-Apr 2015

Here we can see the U.S. domestic gold mine supply of 63 mt and total imports of 88 mt equaling 151 mt was less than total exports of 165 mt.  Which means, the U.S. Gold Market had to cough up an addition 14 mt to satisfy demand (Jan-Apr).  I did not include gold scrap supply or domestic consumption figures as these basically cancel each other out (actually Americans consume more gold than gold recycle scrap supply).

Now, why would the U.S. continue to export all of its gold supply?  Well, we can certainly thank the folks on the financial networks, such as CNBC, for brainwashing Americans into believing gold is a “Barbarous Relic.” 

As I stated before, you’ll never hear financial network hosts claiming that “Bread” or “Brooms” are barbarous relics.  I imagine if you go to any large supermarket or home-improvement outlet you are going to find an entire shelf of bread and brooms.  The Romans consumed a lot of bread and used lots of brooms, but these aren’t considered barbarous relics today.  

To tell you the truth, I can’t stomach watching CNBC anymore.  Some say it’s now just for entertainment.  However, I think its worse than that.  CNBC has been instrumental in totally destroying the ability for (most) Americans to understand the present economic and financial situation.  So, when the next financial crisis finally arrives (worse than 2008), CNBC viewers will be more shocked and unprepared than ever.

Now, where did the U.S. export all of its barbarous relic (Jan-Apr)?  According to the data, Switzerland received the most at 62.6 mt, followed by Hong Kong (39.6 mt), the U.K. (24.7 mt), India (19.2 mt), U.A.E. (8.7 mt), Thailand (3.9 mt) and Singapore (2.4 mt).  The top four countries accounted for 88% of the total.

If we consider that most of the U.S. gold being shipped to Switzerland and the United Kingdom is being refined and exported to the East, then India and Asia are ultimately the largest importers of the U.S. gold supply.  Which means, it’s nice to know that Americans are giving up their gold so Asians and Indians are better protected when the financial crisis arrives.  Who says Americans aren’t giving??

I will be putting out an article about the present Wholesale Silver Shortage situation in the next few days.  There seems to be a great deal of misunderstanding of what this really means in the market.  Please look out for this article which should be posted Wednesday or Thursday.

Lastly, if you haven’t checked out THE SILVER CHART REPORT, there’s a great deal of information on the Silver Industry & Market not found in any single publication on the internet.  There is one chart in this report (Chart #19) that I can guarantee that 99.9% of precious metal investors haven’t seen before.  

Please check back for new articles and updates at the SRSrocco Report.


Turd Ferguson's picture

And if you're wondering


And if you're wondering what Switzerland does with all of the gold that it imports from the U.S. and other countries, read here:

In short, the Swiss refiners take the .995 or even 90% coin-melt US bars and recast them into .9999 pure kilobars for delivery straight to China and other points in Asia.

Orange's picture

Zero Hedge has a great question

Zero Hedge has the smartest readers of just about any site in the world ...

Most of us know that just about every government in the world is thoroughly corrupt, and that all of the economic indicators are wholly manipulated ...

And that the big insiders skew the playing field through high frequency trading, quote stuffing, insider dealing, central bank shenaningans, etc. ad nauseum ...

Most of us are just trying to protect our assets and our families ...

And we know that the big reset is coming, because the Matrix can only suppress reality for so long ...

So what's this about?

All of us together are smarter than any one of us individually.  (I learn as much from reading your comments as I do from my own research and writing).

Here's the question: How do we build a sane, free world out of the ashes of the fallen system?

It's easy to point out the problems.  But I want to hear from wiser souls as to SOLUTIONS.

How do we build local NETWORKS of mature, freedom-loving individuals so we can hit the ground running?  After all, we can all go into our own caves to weather out the storm.  But - at some point - we have to rebuild community and civilization.

Empires have collapsed one after another for thousands of years ... and then the people have seemingly started over at zero.

How do we build networks of trust, strenth and prosperity to weather the hurricane of change?

I'm not even pretending to have all of the answers. I'm just humbly trying to start the conversation ...

What do you think?

Turd Ferguson's picture

From 3+ years ago

silver66's picture

Great article


need to ponder the zero sum and how it benefits during a reset


Keep stackin

Turd Ferguson's picture

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Marchas45's picture


Me Thinks. Keep Stacking

Bridge of  Childhood Memories

GuerrillaCapitalist's picture

@ Orange Re: How do We Rebuild


What a provocative question and one our family has been pondering and working toward for at least the past ten years. 

Granted we live in an impoverished county in Appalachia where there's an institutional memory of the depression of the 1930's. So we have a built in advantage. Almost everyone has a garden and chickens. About 40% raise a hog or two and or a beef cattle. Most of us have family ties that go back many generations. We've been here since before statehood.

A group of forward thinking neighbors started a farmer's market. It was successful it's first year in that the entire town square was taken over by farmers, gardeners, many Amish and home based food producers (think sauces, jams, jellies and baked goods to smoked meats).

About 10 years ago a  notice was posted around the area and sent to folks with email addresses inviting neighbors to meet to discuss setting up a member owned food co-op. We thought a good turnout would be 15 people, more than 70 showed up and we went to work. About 18 months later we were operating in an old grocery store that was run out of the county by Walmart. We've managed to keep the doors open, provide a year round market for local producers, a great quantity of bulk goods from oats, beans, various flours, wheat, herbs, nuts and so on. The end result is there are 7-10 jobs paying above minimum wage and a source for clean food for a multi-county region.

What we did was form a network of hundreds of people. Countless small ventures have been launched, with many side projects. We learned from the Amish how to join together to bring in crops, build houses and barns.

My suggestion is for everyone so inclined to follow our lead and meet your neighbors, find common interests and work for the benefit of all. I know this sounds almost socialistic, but it's simply a return to the old ways. Prior to the industrial revolution this was the norm for most of the country. I think what we're suffering is due to a concentrated effort by tptb to divide communities in order to conquer them. We can fight back by banding together.

Orange's picture

@ GC

That's sounds great and congrats on your achievement to this point.

Just wondering if you have been able to encourage younger people, even teens to join in. Reinforcing that institutional memory and education will be key to keeping it going.

Angry Chef's picture

Orange - How Do We Rebuild

1. Bring back the Constitution and Bill of Rights

2. You have to get rif of the Central Bank and put it back under the Treasury. Then issue the currency without interest or very little. The need to have sound Public Banking working as a utility working for the Country and Communities is a must. Eliminate usury.

3. Bring back the Rule of Law. Civil Law and the right to Jury Nullification.

4. We live in the year 2015. Allow for the people to vote on every issue. Basically hold referendum's that can't be manipulated.

5. Ring fence Washington, Wall St, City of London, Bank of England, BIS, Vatican, NATO ( I'm sure I'm missing some institutions. Feel free to add ) and hold trials for all the lies and force the culprits to pay back all the money they've stolen. Then send them to jail for 25 years with a 24 Karat Silver strap on dildo as a gift for each of their new jail mates.

Just a start....

CPE's picture

How to start over

Start by jailing Corzine and locking Hitlery up too.  (This is an abbreviated list)

Until that happens, it's all academic.

GuerrillaCapitalist's picture

@ Orange Re: How do We Rebuild


We have been able to entice young folks to band with us. In lieu of paper routes and mowing yards many young folk have taken a portion of the family gardens and pastures to raise plants and animals for sale. Many of them start around the age of eight or so with help from extended family. Most of them have continued, a few have managed to secure a few acres of their own as adults and formed their own families. We are a very libertarian/anarchic community, so most of us geezers are quite willing to accept new ways of forming solid familial ties. I know of five or six LGBT families and they are accepted pretty much as anyone else.

We are fortunate to live in an area without building or zoning codes in rural areas. I have dozens of acquaintances and friends who've built small houses using timber from the land, straw from the fields and recycled material. Many have been given a part of the family holdings, others have been creative in finding ways to purchase land, usually with a contract for deed.

lund175's picture

A little troubling

We have known the US is shipping all/ most of it's gold east. The part that worries me is it seems the US wants nothing to do with gold in the future.

Will the US outlaw/ ban pm's?

What situation does this leave for us local US stackers besides black market ?

I guess it would pay to diversify. Hold some miner stocks, hold some gold oversea's, etc.......

Gamble's picture

Why would they do this?

And what plan do they have for gold ? Confiscation , it's a meager amount that stackers have/ the only thing I can think of is they continue to confiscate on the international scale , ie Ukraine ,and  Greece . Maybe nationalize mining?

if they price it at 300.00 then what's the point of cashing it in but if they price it at 10000 they would have an influx of gold come in then introduce the "Jim willie " new dollar then have all these people , and entities exchange old dollars for new , then devalue the new dollars by 50% , they would then have their gold at a much cheaper price and blah blah blah my head hurts 

gamble please disregard my verbal diarrhea gamble

GuerrillaCapitalist's picture

@lund175 Re: US Banning PM?

Who knows what the government will attempt. I think we're drawing closer to a time when most citizens will ignore Draconian attempts at social control, especially those of us who have pierced the veil of government and set out to secure our own methods of survival. I don't know a single stacker or prepper that would accept any attempt at control of their assets. 

Instead of a black market, I forecast more of a grey market where folks band together in informal groups. I think humans have a genetic memory and recognize the value of pms as the only true money. Also, I see a great upsurge in multi-generational households beyond recent university grads with huge debt loads and no prospects to work in their field of study. These extended families form bonds through church and social organizations. There are more and more folks building community gardens and informal barter clubs, even in large urban areas. We are tribal by nature and that trait is gaining strength.

Almost everyone I talk to has a sense something big and nasty is in play, even if they can't cogently express what is going on. Of course, denial is in full force so most simply ignore the signs and get lost in favored diversions, be it loading up the credit cards, wandering in the great wasteland that is popular culture, such as what's going on with the Jenner Kardashian clan, Duck Dynasty, etc.

I'm actually guardedly optimistic that most of us will survive The Great Unraveling and will find a way to prosper after the worst has passed. Survival of the fittest will soon be recognized as  natural law.

Enough rambling, back to work.

Edit: I'm much more concerned the government will nationalize mines and declare a confiscatory windfall profits tax or just seize our brokerage accounts. That's why I have flammable cash in a couple of miners. Flammable cash is our family's term for cash we're willing to put at risk without fear of endangering the farm.

lund175's picture

Great feedback guys

I would agree with both your guy's statements, especially the nationalize mines/ windfall tax.

Hopefully I/we can get other's opinion.


4 oz's picture

I re-read this line EVERY day.

“We should be buying silver…..It’s an amazing story what’s happening……We are on Silver fumes! And people don’t realize it."

---Steve St Angelo (SRSrocco)  End of April 2015

benque's picture

If I had a bankster...

I'd kick him in the mornin;

I'd kick him in the evenin;

All over this la-a-nd;..................

4 oz's picture

He's One Sharp Cookie!

Silver Shortage Reaches Wholesale Market – Steve St. Angelo Interview – SRSRocco Report

Dr. P. Metals's picture


Yes, head hurts, but those are all valid thoughts/questions. Sadly.

Owtovit's picture

@ Orange - how do we rebuild

here is a Germans perspective of life in the Weimar Republic and how Germany climbed out of the depths of despair as they had no gold, dollars to buy materials so Hitler introduced "labor" based scrip

Orange's picture


Interesting perspective. I suspect there is a lot of truth in the article, however, unless I missed it, it did not bring up the fact that Hitler was related to the British Queen, that European monarchs as well as the US initially funded Hitler. Their intent was to ensure that Russians would not bring them down as they did the Czar.

I would also add that not all Jews are bankers.

Not all whites are racists.

Not all Muslims are extremists.

The list goes on with Hindus etc.

Most people want peace, relative prosperity and happiness.

Although the idea of rebuilding is a great idea from Zero Hedge, perhaps its more important to think of ways that we can change the direction most nations are being directed in today.

There was a video that went viral about an Israeli Jew that said he loved the Palestinians, or words to that effect.

I think with the internet we can change the perception of regular people, so that false flags, corruption etc. can be exposed for what it is.

Populations around the world are ready for it and as can be clearly seen with the success of Trump so far.

Mass media does not yet control the internet.  

Owtovit's picture


Main point of the article I took being the alternative to a gold backed or fiat currency and how well it worked... But scrip based on an honest day's work, interesting also the barter system in place between Germany and many other countries totally bypassing the dollar, now where is that happening these days....China, Iran, Russia the list goes on....

There are other articles on that site de-bunking supposed funding of Hitler by European nobility, banks, USA etc......but we are not allowed to know or be taught that otherwise we would not be good little sheeple.......

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