Gold is moving from West to East.
You may read about the roots of this phenomenon here.
This chart is from Nick Laird at Sharelynx.com.
Related: Germany Leads Western Gold Buying
“One day, we will have to stand before the God of history. And we will talk in terms of things we've done. And its seems to me that I can hear the God of history saying, 'That was not enough. For I was hungry, and you fed me not. I was naked, and you clothed me not. I was devoid of a decent sanitary house to live in, and you provided no shelter for me. And consequently, you cannot enter the kingdom of greatness.'" Martin Luther King
"It took the Fed 95 years to build up a balance sheet of $1 trillion and only six years to go from there to the present level. The Federal Reserve was providing this stimulus to improve the growth of the economy,but it is my view that three quarters of the money injected into the system through the purchase of bonds went into financial assets pushing stock prices up and keeping yields low.If I am right, the Fed contributed almost $3 trillion (some may have gone into bonds) to the $13 trillion rise in the stock market appreciation from the 2009 low to the current level, earnings increases explained $9 trillion (1.5 x $6 trillion) and other factors accounted for $1 trillion. You could argue that the monetary stimulus financed the multiple expansion in this cycle."
Bill Moyers"Insanity is doing the same thing, over and over again, and expecting different results."Albert Einstein"Has he lost his mind?Can he see or is he blind?Now the time is herefor Iron Man to spread fear."Ozzy Osbourne, Iron Man
"In the eyes of empire builders, men are not men but instruments."Napoleon Bonaparte