I find this astonishing. Is it right?https://twitter.com/emmatimes2/status/913651278315737089 …
Yes it nets out w gold imports over time, but not each month or year @ONS therefore reports trade w & w/o 'eratics' https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/bulletins/uktrade/apr2017 …
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What it nets out with is a reduction in apparent investment assets (gold being withdrawn from vaults) -- see
@FT https://www.ft.com/content/0407854e-f9d0-11e6-9516-2d969e0d3b65?mhq5j=e6 … (5)
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