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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