The Rise of the Shanghai Gold Exchange

The Rise of the Shanghai Gold Exchange

The Shanghai Gold Exchange is growing. See by how much.

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Gold Delivered On The Shanghai Gold Exchange.

We have written of the vast amounts of gold flowing from west to east as gold is sold in massive quantities in the paper markets in the west and bought in large quantities in physical form in the east.

China, Russia and other eastern nations and individuals have been furiously purchasing gold in large amounts in recent years. (see Russian and Chinese gold charts below).

Most of the gold in the world, however, supposedly still resides in Western nation vaults and trades on western exchanges run by the CME Group (Comex) and the London Bullion Market Association (the London Bullion Market), both which are suspected as the loci for western central bank price manipulation.

Enter The Shanghai Gold Exchange

The Shanghai Gold Exchange (SGE), founded by the People’s Bank of China, was created to act as a physical gold trading platform. While still small compared to its western counterparts, the SGE has been growing rapidly. The chart below shows the increasing amounts of gold delivered on the SGE.

China is already the world’s largest gold producer and gold importer.

It seems China’s goal is also to have the largest gold exchange in the world.

The Growth of the Shanghai Gold Exchange 2009-2014

Shanghai Gold Exchange Volume

The Shanghai Gold Exchange Continues To Grow and serve as an Asian hub for gold trade

The Shanghai Gold Exchange Continues To Grow

Russia Continues To Boost its Gold Reserves

Russia boosts its gold reserves another 500,000 ounces in June

Russia Continues To Add To Its Gold Hoard

China Increases its Gold Imports Via Hong Kong

China imports massive amounts of gold through hong kong

Charts courtesy of Nick Laird of Sharelynx – The Gold Standard in Precious Metals Charts

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Further Reading:

China Hoards its Gold Production

The Importance of Silver to China

Russia Adds More Gold to Its Reserves

Gold and Silver Price Manipulation – Suspected (Pt 1)

Gold and Silver Price Manipulation – Actual (Pt 2)

Top Foreign Holders of U.S. Treasuries

Gold Reserves by Country – Top 20

The West Sells Paper Gold While the East Buys Physical Gold

Gold Continues to Move West To East

How To Buy Gold

How To Buy Silver

Think the Fed Destroyed the Dollar

Why the End of QE May Be Bad For the Dollar and Good For Gold and Silver

Why Saudi Arabia Matters in Keeping the U.S. Dollar as the World’s Reserve Currency

LBMA Speech re The Shanghai Gold Exchange

Silver Hits Record Demand in 2013, Led By a 76% Increase in Demand for Coins and Bars

China Hoards its Gold Production and Becomes the World’s #1 Producer and Importer of Gold

Gold Continues to Flow East to West

Gold Continues to Move West To East

Eric Sprott- Connecting the Dots

Gold, Silver and Real Estate

Is a Gold and Silver Supply/Demand Price Adjustment Coming?

The Shocking Secret the Fed is Hiding From The World

Royal Canadian Mint

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  • Preamble
    My article has been prompted by the interview with Harvey Organ with Greg Hunter on the 10th September 2014.
    Since that time Harvey’s blog has been taken off the web by court order.
    This signals to me that Harvey Organ is very close to the truth.
    I do not rely on statistical charts to
    forecast the future I prefer to use common sense and that common sense tells me
    that the current imbalance in society and the financial markets will cause a
    perfect storm of trouble and strife on a global scale which none of us will be
    immune from.
    It takes $1000 of manpower to produce 1 oz of Gold it takes $1 to produce $1000 of paper money.
    The folly of QE has best served the elite. The figures regarding productivity to boost GDP have been manipulated. The manufacturing base of the West has been destroyed by China. All these factors have already been built into the system by the think tanks.
    Easy monetary policies of those countries involved in QE is sowing the seeds of their own demise. Flooding the economy and financial markets with money (and credit) created out of thin air – thereby distorting interest rates and price signals and, in so doing, creating malinvestments – is no way to create sustainable, economic growth and ever rising equity prices. Sure, at first glance, the malinvestments and attendant booming equity prices look like genuine growth and wealth creation. But they are not.
    Like extreme weather patterns which share a common link with the ever-increasing reliance of fossil fuels, so too is the pumped up wealth which relies on Government’s around the World increasing money supply by way of QE.
    In both cases this is opposing the natural forces and it will ultimately fail.
    Enter 2015 and the signals will be flashing loud and clear.
    We are now seeing China fraying around the edges (China’s QE outstrips that of the US) and the time is nearing when the two biggest economies in the world will collapse like houses of cards’.China has one advantage it is sitting on 6000 tonnes of Gold and the US and Britain purportedly have none.
    The West is already suffering deflation so it stands to reason that China will follow
    sometime in 2015 The stress caused by falling GDP in China is when China will ask for all its gold back which is currently long at Comex.
    All countries that have relied on the US & China to promote their own growth will show that they are all bankrupt of any ideas that satisfy the masses.
    Christine Lagarde quoted in January 2014 “We need a reset in the way the economy grows around the world”
    I would prefer to say “We need a reset in the way that governmental policies reward productivity and do not promote greed through artificial means.
    You cannot spend your way out of a recession or borrow your way out of debt. The measure of who we are is what we do with what we have.
    Finally, quote from Ludwig von Mises
    The gold standard has one tremendous virtue: the quantity of the money supply, under the gold standard,is independent of the policies of governments and political parties. This is its advantage. It is a form of protection against spendthrift governments.

    • Smaulgld


      Thanks for your comment

      “The gold standard has one tremendous virtue: the quantity of the money supply, under the gold standard,is independent of the policies of governments and political parties. This is its advantage. It is a form of protection against spendthrift governments.”

      This quote was reused by Alan Greenspan in 1966

      “Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process.”

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