France completely exited New York, the Netherlands roughly halved what they've stored there. That was in 2026. They didn't physically ship any of it, they sold it and rebought in Europe.

Germany moved 111t from New York in 2016, and, afaict, nothing since then. There's still 1236t left.

Italy also keeps over 1000t in New York (no plans for repatriation).

Gold repatriation doesn't count as export. So the answer to "how much" is zero.

The article is about the export of mined gold. The US produces ~160 tons of gold annually from domestic mining operations.

It’s specifically nonmonetary gold, so that’s a separate issue unless those nations were holding non-reserve gold here.

Although a sibling commenter mentioned that they moved their gold by selling it and rebuying it in Europe. If that gold qualifies as non-reserve gold after sale, and is moved out after sale to (for example) China, then perhaps?

Do they count as export if the owner doesn't change?

From the article: > The U.S. government is still reporting that its gold reserves are unchanged, so these exports look to be coming from current mine output and recycling operations.

Not sure if "The U.S governments gold reserves" also includes the ones from other countries though.

That's what I thought too but the article says it's mostly fresh mine output (and recycled).

I don't think that counts as exports although they could be selling in the US and buying locally where traders move the gold (then it will be counted as exports).

Probably all of it.

So not actually productive exports. Just draining the coffers as the criminals in charge loot the commons.

Huh. I'd have thought that capacity would rise with ore supply. It is "free money". Why leave it in the ground?

Sounds as if there is a point at which digging and refining is more expensive than buyers are willing to pay, so when demand goes up it takes time to expand supply.

> Crazy Horse would on occasion raid them to sieze their gold, after which he would re-bury it.

Holy fucking badass move.

I think those count as services. Gold is the most-exported good.

Would have thought advertising and transaction fees myself, but the article says it's usually oil (ok I should have thought of that), "pharmaceuticals" (mkay, seems cheaper to make elsewhere so that's a bit strange), or aircraft and their parts (wut? How many aircraft can the world need that it commonly tops the export chart of the wealthiest country?!)

I mean, wouldn't that make sense given the market caps?

So many trillion-dollar valued AI-focused companies.

Maybe tariffing everyone isn't really the path to prosperity?

If I am reading this correctly, then mercury-198 will receive a neutron, decay to mercury-197, then emit an electron to become gold-197.

Mercury has seven stable isotopes ranging from 195 to 204, so purifying to 198 is challenging (this isotope is 10% of the metal's occurrence). Would this require centrifuges as uranium does?

The decay chains of the other isotopes would be different.

https://en.wikipedia.org/wiki/Synthesis_of_precious_metals#G...

"...the production cost is estimated to be a trillion times the market price of gold."

The above reaction is at the end of the section.

No it really isn't. People have transmuted a few hundred milligrams of mercury into gold in the lab with multi-million dollar machines, but that doesn't make it economically viable in the slightest.

It’s more of losing trust in the US. If they don’t believe they’ll have access to it when needed or if they believe it might be seized for whatever made up reason, makes sense to move it somewhere they’ll have control over it.

Why would the dropping value of the USD be a factor in selling gold? Doesn't holding gold hedge against exactly that?

I think the real reason is that they're afraid of political instability in the US that may result in 1) an inability to retrieve their gold, or 2) the government confiscating it.

I don't quite follow. Countries hold gold to protect their own currency from devaluation, not bc they expected it to become stronger against a dollar.

It's more like if you think Trump is likely to say, actually that's my gold.

They think the Trump administration will confiscate it.

I have 30 lbs of gold plated PCB fingers that I have saved over the years. It might be time to figure out how to recycle and sell.

That’s not just a US boomer thing, you’ll see the same in many Arabic countries for example, across generations.

High rates can make the currency more attractive. Not less. Tends to strengthen the USD. So the next conclusion is also false.

But yes, higher yields can be related to demand, but they're not simply a function of demand. They relate to things like inflation expectations, and so the short term rates set by the Fed, and the risk premium. In this case likely the higher rates are not high due to demand but rather due to inflation expectations and the Fed having raised the overnight rate.

Bid to cover can be one estimate of demand and I'm not really seeing anything particularly exciting going on here: https://en.macromicro.me/charts/30431/us-10y-bid-to-cover-ra...

Was anyone confused by the title and thought we are exporting more gold in volume or weight than other products? It seems obvious that gold must be winning on value.

Exports are typically ranked in dollars, not in kilograms. Do we think about the weight of GPUs a country exports or their value?

From the article:

>That’s not just because the price of gold reached record high prices. In February 2026, the tons of gold exported may have set an all-time record.

Why'd you trust this particular article?

https://imgur.com/a/bAbAFru

The article that you posted seems to be LLM slop with no references to their claims and the article in the post references data from bea.gov so :shrug:

All of these links are from publications I've never heard of, and have a hard time independently verifying their credibility.

For instance, TradeInt advertises it is trusted by Samsung, but I can't find any record of Samsung utilizing TradeInt for anything. TradeInt advertises a 5-star rating on platforms like Product Hunt (YC S14), yet the person who created the listing created their account when TradeInt launched and has no followers or other activity since 2024.

They all appear to be blog spam, from my perspective.

Anyone (or any AI) can publish anything to confirm any viewpoint. What makes those links worth sharing?

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The biggest gold mines by far are in the US, Russia, and other former Soviet republics.