The Shanghai Gold Exchange
The volume of gold delivered on the Shanghai Gold Exchange since 2009 passes 7,200 tons.
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The Shanghai Gold Exchange Has Delivered over 7,200 Tons of Gold Since 2009.
For the week ended September 28, the Shanghai Gold Exchange delivered 46.3 tons of gold down from 50.2 delivered the prior week.
While the west has been cheering on dubious employment, economic and housing numbers and selling gold, the physical gold trade remains brisk over at the Shanghai Gold Exchange.
The latest chart, along with the prior two weeks’ charts showing tons of gold delivered on the Shanghai Gold Exchange, is presented below.
In July we wrote about the rise of the Shanghai Gold Exchange (SGE).
Today we publish a chart from Sharelynx showing the cumulative volume of gold delivered on the SGE through the end of September 2014.
While the SGE faces challenges from established rivals in London (London Bullion Market Association) and New York (COMEX), the growth of the SGE remains impressive:
Gold Delivered On The Shanghai Gold Exchange
For the week ending September 28, 2014
46.3 tons of gold were delivered via the Shanghai gold exchange for the week ended September 26, 2014.
For the week ending September 19, 2014
Over 50 tonnes of gold were delivered through the Shanghai Gold Exchange for the week ended 9/19/2014
For the week ending September 12, 2014:
Nearly 7,200 tons of gold have been delivered through the Shanghai Gold Exchange since 2009
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Charts courtesy of Nick Laird of Sharelynx – The Gold Standard in Precious Metals Charts
Further Reading:
The Rise of the Shanghai Gold Exchange
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 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
Is a Gold and Silver Supply/Demand Price Adjustment Coming?
The Shocking Secret the Fed is Hiding From The World
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