Shanghai Gold Exchange Withdrawals Rise Again in March

Shanghai Gold Exchange Withdrawals Rose 7.3%% in March to 192.250 tons up from 179.237 tons in February.

Shanghai Gold Exchange March withdrawals were up 5% from 183.23 tons withdrawn in March 2016.

March 2017 gold withdrawals were the second largest March total ever on the Shanghai Gold Exchange.

Buy Gold Online

Donate To Smaulgld.com via paypal

You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:

BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange

Buy American Gold Eagle Coins

and don’t forget!

Buy Silver Chinese Panda Coins

Buy Chinese Silver Pandas

Buy Chinese Gold Pandas

Shanghai Gold Exchange

The Shanghai Gold Exchange (SGE) withdrawals of 192.250 tons of gold in March were up 4.9% from withdrawals of 183.23 tons in March 2016 and up 7.3% from February 2017 withdrawals of 179.237 tons.

Withdrawals on the Shanghai Gold Exchange are often considered a good proxy for the level of physical gold demand in China.

The Peoples Bank of China has slowed its gold purchases recently. In November and December the PBOC added no gold to its reserves. The PBOC sold about 20 tons of gold in December and added about 7 tons in January and 14 tons in February 2017. The PBOC added no gold to reserves in March 2017.

Shanghai Gold Exchange Monthly Withdrawals 2014 -2017*

Shanghai Gold exchange monthly withdrawals 2014 - 2017 through March

Shanghai Gold Exchange withdrawals have accelerated since November 2016.

Shanghai Gold Exchange Withdrawals vs COMEX Deliveries

Two Week Withdrawals on the Shanghai Gold Exchange in September 2015 vs. Comex 2014

Shanghai Gold exchange withdrawals vs Comex deliveries chart

Withdrawals on the Shanghai Gold Exchange were 137 tonnes during the two week period ended September 18, 2015, compared to just 85 tonnes delivered in all of 2014 on COMEX.

Shanghai Gold Exchange Withdrawals vs COMEX Gold Deliveries

COMEX TRADERS STANDING FOR DELIVERY?

Comex gold deliveries vs Shanghai Gold Exchange Withdrawals

COMEX is clearly not a place where traders go to BUY physical gold, rather a place to gain exposure to the price of gold.

Donate To Smaulgld.com via paypal

Sign Up For Smaulgld.com Updates Here!

March Shanghai Gold Exchange Withdrawals vs. Prior Years

Shanghai gold exchange March withdrawals 2008 - 2017

Shanghai Gold Exchange withdrawals in March were the second highest March total.

Sign Up For Smaulgld.com Updates Here!

You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:

BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange

Buy American Gold Eagle Coins

Shanghai Gold Exchange Withdrawals 2008 – 2017

Since 2008 through March 2017, 13,584 tons of gold have been withdrawn from the Shanghai Gold Exchange.

Shanghai gold exchange withdrawals 2008 - 2017 through March

Through the end of March 2017, approximately 556 tons of gold have been withdrawn from the Shanghai Gold Exchange. In 2015, a record year for withdrawals, 625 tons of gold were withdrawn by the end of March, or about 11% more. Withdrawals are running ahead of 2016’s end of March total of 516 tons and slightly behind 2014’s end of March total of 564 tons.

Check out all the Smaulgld podcasts here.

Please consider making a small donation to Smaulgld.com. Thanks!





The Lowest Cost. Period.

Sign Up For Smaulgld.com Updates Here!

Buy Silver Chinese Panda Coins

*Data Source – All Shanghai Gold Exchange withdrawal data courtesy of Nick Laird of Goldchartsrus who sources it directly from the People’s Bank of China’s Chinese language web site.

If you have enjoyed this report, please consider sharing it, buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.

Please consider making a small donation to Smaulgld.com. Thanks!





Get Free Updates From Smaulgld.com

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

Buy American Gold Buffalo Coins

Further Reading:

Shanghai Gold Exchange Withdrawals (weekly/monthly archive)

Chinese Gold Reserves (monthly archive)

China Devalues the Yuan

Comex Gold Deliveries vs the Shanghai Gold Exchange

Gold Continues its Journey From West To East

Shanghai Gold Exchange vs Comex Gold Deliveries

Gold ETF Holdings vs the Shanghai Gold Exchange

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

Gold ETF Holdings on the Rise

Chinese vs. United States Gold Demand

Chinese Gold Production

China Hoards its Gold Production

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


You can support Smaulgld.com 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, Goldbroker, 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