Shanghai Gold Exchange Withdrawals Fall in May

Shanghai Gold Exchange Withdrawals fell 17% in May to 138.079 tons down from 165.78 tons in April.

Shanghai Gold Exchange May withdrawals were down 6.3% from 147.283 tons withdrawn in May 2016.

Through May 2017, gold withdrawals were at the third highest level compared to prior years totals through May.

Buy Gold and Silver - Money Metals Exchange

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
SD 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 138.079 tons of gold in May were dpwm 6.3% from withdrawals of 147.283 tons in May 2016 and down 16.9% from April 2017 withdrawals of 165.78 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, April or May 2017.

Shanghai Gold Exchange Monthly Withdrawals 2014 -2017*

Shanghai Gold Exchange Monthly Withdrawals 2008 -2017 through may

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!

May Shanghai Gold Exchange Withdrawals vs. Prior Years

May shanghai gold exhange withdrawals 2008 - 2017

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
SD Bullion
Money Metals Exchange

Buy American Gold Eagle Coins

Shanghai Gold Exchange Withdrawals 2008 – 2017

Since 2008 through May 2017, 13,857 tons of gold have been withdrawn from the Shanghai Gold Exchange.

Shanghai Gold Exchange 2008 - 2017 annual through May
Shanghai Gold Exchange Withdrawals Through May 2008- 2017

Through the end of May 2017, approximately 829 tons of gold have been withdrawn from the Shanghai Gold Exchange.

Check out all the Smaulgld podcasts here.

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





You can buy Bitcoin, Ethereum and Litecoin through Coinbase.
Click HERE to open a coin base account and Get $10 worth of Bitcoin.*

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. February 2017 (from 179.237 to 148.24 tons) and April 2017 (from 171.395 to 165.78 tons) SGE withdrawals were revised downward in May, the charts reflect the adjustments.

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 BGASC, Goldbroker, Gold Money, Golden Eagle Coin, Money Metals Exchange, SD Bullion and Royal Canadian Mint ads on the site.

Buy Canadian Silver Maple Leaf Coins

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