Shanghai Gold Exchange Delivers 38 Tonnes of Gold Through the Last Week of February

The Shanghai Gold Exchange.

The Shanghai Gold Exchange delivered 37.917 tonnes of gold through the week ended February 27, 2015.

The Shanghai Gold Exchange has delivered about 412 tonnes of gold to date in 2015.

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Volume of Physical Gold Delivered on the Shanghai Gold Exchange Remains at Record Pace in 2015.

The Shanghai Gold Exchange delivered another 38 tons of gold in the five days around the Lunar Year (February 16, 17 and 25, 26 and 27). February’s strong gold deliveries follow the record 255 tonnes of gold delivered in January.

Last month we provided context on the massive amounts of gold delivered on the Shanghai Gold Exchange in 2014 by comparing them to gold deliveries on Comex, sales of American Gold Eagle coins and gold held by the world’s largest gold ETF, SPDR gold shares (GLD).

The Shanghai Gold Exchange has already delivered three times more physical gold in the first two months of 2015 than Comex delivered in all of 2014.

physical gold deliveried on the shanghai gold exchange in 2014 vs GLD etf holdings, comex deliveries and american gold eagle sales chart

The Shanghai Gold Exchange delivered over 2,000 tons of gold in 2014 and 412 tons in the first two months of 2015.

Here are Nick Laird’s excellent weekly charts showing the growth of the Shanghai Gold Exchange through February 27, 2015:


Since 2009 the Shanghai Gold Exchange has delivered 8,326 tons of gold.

chart showing gold deliveries on the shanghai gold exchange

The Shanghai Gold Exchange deliveries slowed in the last week of February.

China is the world’s largest gold producer and importer. With 2015’s staggering volume of gold deliveries on the Shanghai Gold Exchange to date, it looks like China is aiming to become host to the world’s largest gold exchange.

chinese gold mining production chart

China produces more gold than any country on earth.

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Further Reading:

Shanghai Gold Exchange Withdrawals (weekly archive)

Gold ETF Holdings on the Rise

Chinese vs. United States Gold Demand

Chinese Gold Production

China Hoards its Gold Production

Gold Supply and Demand

China and Gold

India and Gold

Russia and Gold

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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