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