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This was a report, the quantity having greater than doubled over the past ten years, not including the gold price that transits by way of Swiss free ports. "In the last ten years, the worth of gold has quadrupled," notes Panizzutti. "In the 1970s and 1980s, Italy was the world’s top producer of jewellery, and it received its provides of refined gold from Ticino," indicates Valcambi of Balerna, an organization that is now owned by Newmont Mining Corporation of the US. "In a mean year, Switzerland refines about 70 per cent of world gold," in keeping with Frédéric Panizzutti, spokesman of MKS (Switzerland) SA, a Geneva-primarily based company, which specialises in gold trading and which owns the Pamp refinery in Castel San Pietro, Ticino. Pamp SA of Castel San Pietro (1977 - MKS SA Geneva) has an annual refining capability of 450 metric tons. So, it's most probably that the ring you wear on your finger or the ingot you retain in your backside drawer was made with gold refined by Valcambi in Balerna, Pamp in Castel San Pietro, Argor-Heraeus in Mendrisio or Metalor in Neuchâtel. Argor-Heraeus SA of Mendrisio (founded 1951) has an annual refining capacity of 400 metric tons. It has an annual refining capacity of about 650 metric tons.

Valcambi SA of Balerna, based in 1961 and now owned by the US group Newmont Mining Corporation, has an annual refining capacity of about 1,four hundred metric tons. To get an idea of Switzerland’s profile in the sector of gold refining and trading, consider one other determine: the production of gold from all the mines in the world in 2011 amounted to 2,seven-hundred metric tons, based on information from the US Geological Survey. Switzerland has at all times maintained itself at the highest as regards quality and there isn't a purpose why that ought to change now," notes Panizzutti, who attracts a parallel between gold refining and watchmaking in Switzerland. The repute of the "Swiss made" brand as a synonym for quality is fully justified as regards gold, says Labarthe. "As nicely, it should not be forgotten that the gold market in Zurich is a very important one," Labarthe mentioned. "As a rule these foundries get the gold from their prospects and refine it to the standard grade of purity. Who are the Duke of York, Duke of Kent, and so on., and how did they get their titles?

Italian reporter Indro Montanelli promptly printed an article within the Corriere della Sera, on the brave and heroic Polish cavalry males, who charged German tanks with sabres and lances. Even before German V-1 pilotless "buzz bombs" and V-2 ballistic missiles struck London and other cities in 1944-45, underground factories labored to finish a V-3 gun designed to hearth lengthy-vary warheads. Four of them are primarily based in Switzerland," he adds, backing up his statement: The great Delivery List is a high quality certification of the London Bullion Market Association, LBMA, the commerce association for the gold market. Six Swiss companies belong to the great Delivery List of the London Bullion Market Association, which signifies that they meet all of the standards set by this London-based trade watchdog. What keeps the Swiss refineries going at full tempo proper now is just not so much the demand for semi-completed merchandise for jewellery and watchmaking, but the demand for gold bars. In 2011, over 2,600 metric tons of uncooked gold were imported into the nation, to a total value of SFr96 billion ($103 billion). The 12 months earlier than, imports had reached 2,326 metric tons (SFr70 billion). In 2011, over 2,600 metric tons of raw gold were imported into Switzerland, to a price gold of over SFr96 billion, in accordance with figures from the federal customs administration.

Four of the world’s major refineries of gold are positioned on Swiss soil. "If you look on the refineries on the great Delivery List, six have 90 per cent of the amount. There has to be a certain quantity of helium in the natural fuel - at the very least 0.3 % by quantity - to justify all the difficulty of separating it from pure gas. There's a lot to contemplate in terms of finding the perfect ring to your vital different. Ears with bigger kernels are sometimes used for flour or cornmeal manufacturing, while these with small, pointy kernels are good for popcorn. The refineries are mainly service providers. It is not a coincidence, subsequently, that three out of 5 refineries on this planet, to which the LBMA has given the title "Referee" of high quality control for gold refined by the industries belonging to the affiliation, are primarily based in Switzerland: Pamp, Argor-Heraeus and Metalor. To have an ingot refined in Switzerland is a assure of high quality anywhere you go," he explains.

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