The Shanghai Gold Exchange Delivers 59 Tons of Gold In First Week of February

The Shanghai Gold Exchange.

The Shanghai Gold Exchange delivered 59.327 tonnes of gold during the week ended February 6, 2015.

The Shanghai Gold Exchange has delivered 315 tonnes of gold to date in 2015.

Buy Gold Online

Volume on the Shanghai Gold Exchange Remains Strong After Record Deliveries in January

The Shanghai Gold Exchange delivered nearly 60 tonnes of gold in the first week of February. February’s strong deliveries follow the record 255 tonnes of gold delivered in January.

Earlier this 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).

chart showing 2014 gold etf holdings, shanghai gold exchange deliveries, comex deliveries and american gold eagle sales

The Shanghai Gold Exchange delivered over 2,000 tons of gold in 2014.

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.

Here is Nick Laird’s excellent weekly chart showing the growth of the Shanghai Gold Exchange:

chart showing volume on the shanghai gold exchange

The Shanghai Gold Exchange delivered nearly 60 tons of gold in the first week of February.

Shanghai Gold Exchange chart from Nick Laird of Sharelynx – The Gold Standard in Precious Metals Charts

Get Free Updates From

Subscribe to and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.

Subscribe to to receive free gold and silver updates, news and analysis.

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

Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.

You can support 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 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.

Post Navigation