The Rise of the Shanghai Gold Exchange
The Shanghai Gold Exchange is growing. See by how much.
.99999 Gold Canadian Howling Wolf One Ounce Coin
Fractional American Gold Eagles in 1/10, 1/4 and 1/2 oz Sizes for Smaller Budgets
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
Russia Continues To Boost its Gold Reserves
Russia Continues To Add To Its Gold Hoard
China Increases its Gold Imports Via Hong Kong
Charts courtesy of Nick Laird of Sharelynx – The Gold Standard in Precious Metals Charts
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
Please visit the Smaulgld Store for a larger selection of recommended Kindles, books, music, movies and other items.
Or you can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM Bullion, BGASC, Golden Eagle Coin, Perth and Royal Canadian Mint ads on the site.
*DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.
Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.
The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.
The information contained herein does not constitute legal, tax or investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.