The Shanghai Gold Exchange Update

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

The shanghai gold exchange delivered over 46 tons of gold for the week ended September 26, 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

gold delivered through the shanghai gold exchange increased to 50 tonnes for the week ended 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:

the growth of the shanghai gold exchange shown by tons of gold delivered

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 Gold

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

Gold, Silver and Real Estate

Is a Gold and Silver Supply/Demand Price Adjustment Coming?

The Shocking Secret the Fed is Hiding From The World

Royal Canadian Mint

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