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This was a record, the amount having more than doubled over the past ten years, not together with the gold that transits through Swiss free ports. "In the final 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 bought its supplies 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," based on Frédéric Panizzutti, spokesman of MKS (Switzerland) SA, a Geneva-based mostly firm, 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 is most definitely that the ring you put on on your finger or the ingot you keep in your bottom 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 (based 1951) has an annual refining capacity of four hundred 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 capability of about 1,four hundred metric tons. To get an thought of Switzerland’s profile within the sector of gold refining and trading, consider one other determine: the manufacturing of gold from all the mines on the earth in 2011 amounted to 2,700 metric tons, in response to knowledge from the US Geological Survey. Switzerland has at all times maintained itself at the highest as regards quality and there isn't a motive why that should change now," notes Panizzutti, who draws a parallel between gold refining and watchmaking in Switzerland. The popularity of the "Swiss made" brand as a synonym for quality is totally justified as regards gold, says Labarthe. "As well, it should not be forgotten that the gold market in Zurich is an important one," Labarthe stated. "As a rule these foundries get the gold from their clients and refine it to the standard grade of purity. Who're the Duke of York, Duke of Kent, and so on., and how did they get their titles?

Italian reporter Indro Montanelli promptly published an article in 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 complete a V-3 gun designed to fire lengthy-vary warheads. Four of them are primarily based in Switzerland," he adds, backing up his assertion: The great Delivery List is a quality certification of the London Bullion Market Association, LBMA, the commerce association for the gold market. Six Swiss corporations belong to the nice Delivery List of the London Bullion Market Association, which signifies that they meet all the standards set by this London-based trade watchdog. What retains the Swiss refineries going at full pace right now is not a lot the demand for semi-finished products for jewellery and watchmaking, however the demand for gold bars. In 2011, over 2,600 metric tons of raw gold were imported into the nation, to a total value of SFr96 billion ($103 billion). The year before, imports had reached 2,326 metric tons (SFr70 billion). In 2011, over 2,600 metric tons of uncooked gold were imported into Switzerland, to a worth of over SFr96 billion, in line with figures from the federal customs administration.

Four of the world’s main refineries of gold are positioned on Swiss soil. "If you look on the refineries on the good Delivery List, six have ninety per cent of the volume. There needs to be a certain amount of helium in the pure gas - no less than 0.3 p.c by volume - to justify all the difficulty of separating it from natural gas. There is too much to consider with regards to finding the perfect ring in your important different. Ears with larger kernels are usually used for flour or cornmeal production, whereas these with small, pointy kernels are perfect for popcorn. The refineries are primarily service suppliers. It's not a coincidence, therefore, that three out of 5 refineries on the planet, to which the LBMA has given the title "Referee" of high quality management for gold refined by the industries belonging to the association, are based in Switzerland: Pamp, Argor-Heraeus and Metalor. To have an ingot refined in Switzerland is a assure of quality anywhere you go," he explains.

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