The Shanghai Gold Exchange.
The Shanghai Gold Exchange delivers 53.669 tonnes of gold for the week ended January 30, 2015.
The Shanghai Gold Exchange opens 2015 trading by delivering 255 tonnes of gold.
Gold deliveries in January 2015 top 2014’s record deliveries.
China’s Golden Era
The Shanghai Gold Exchange delivered over 53 tonnes of gold in the final week of January. The amount of gold delivered in January on the Shanghai Gold Exchange was 255 tonnes, topping last January’s record.
China is the world’s largest gold producer and importer. With January’s staggering volume of gold deliveries on the Shanghai Gold Exchange, it looks like China is aiming to become host to the world’s largest gold exchange.
For context on the 255 tons of gold delivered in January on the Shanghai Gold Exchange, click here to see a comparison with the volume of American Gold Eagles sold in January.
Here is Nick Laird’s excellent chart showing the growth of the Shanghai Gold Exchange:
The Shanghai Gold Exchange closed a record January by delivering 53 tonnes of gold.
Chinese Gold Mining Production 2000-2014
Chinese mines produced more than 400 tons of gold in 2014 – the most in the world.
Chinese Gold Imports 2001-2014
From Nick Laird of Sharelynx – The Gold Standard in Precious Metals Charts
China is the world’s largest importer of gold.
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Further Reading:
Shanghai Gold Exchange Withdrawals (weekly archive)
Chinese vs. United States Gold Demand
China Hoards its Gold Production
Gold and Silver Price Manipulation – Suspected
Gold and Silver Price Manipulation – Actual
Gold Reserves by Country – Top Twenty
Gold Moves West to East Part 1
Gold Moves West to East Part 2
U.S. Mint silver and gold eagle coin sales in January 2015
U.S. silver coin demand a historical perspective
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