I read that, according to the World Gold Council, a massive 797 tons of gold left London and headed for Switzerland in the first half of this year. It appears that the bullion is being melted down into more manageable sizes, presumably to appeal to small investors. More news and stats on
http://www.gold.org/investment/research/regular_reports/gold_demand_trends/?gclid=COnQ8eiKj7kCFa7JtAodR0YAVA