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How gold helps us understand the UK’s trade flows | The Mesh Report

How gold helps us understand the UK’s trade flows

Mike Hammer February 11, 2020 Comments Off on How gold helps us understand the UK’s trade flows

Everyone knows gold is more than just a metal, it’s also a store of value.

Has been since ancient times. But this raises an interesting problem for reporting trade figures: Do transactions of monetary gold count the same as industrial and jewelry sales?

There’s a (very) strong case for saying No. But international reporting standards say Yes… Starting tomorrow, the UK will report 2 trade figures. The first will be the same as always, including all gold trades. The second will be excluding monetary gold trades.

Continue Reading At The Gold Enthusiast



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