Shanghai Gold Exchange Withdrawals Were 143 Tons in October.
Shanghai Gold Exchange withdrawals through October at third highest level in the exchange’s history.
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Shanghai Gold Exchange
The Shanghai Gold Exchange (SGE) withdrawals of 142.939 of gold in October were down 5.71% from withdrawals of 151.541 tons in October 2017, and down from 188.121 tons in September 2018.
Withdrawals on the Shanghai Gold Exchange are often considered a good proxy for the level of physical gold demand in China.
The PBOC has not reported adding any gold to reserves since October 2016.
Shanghai Gold Exchange Monthly Withdrawals 2008 -2018
Shanghai Gold Exchange Withdrawals in October 2008 – 2018
Shanghai Gold Exchange Withdrawals vs COMEX Deliveries
Two Week Withdrawals on the Shanghai Gold Exchange in September 2015 vs. Comex 2014

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 is clearly not a place where traders go to BUY physical gold, rather a place to gain exposure to the price of gold.
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Shanghai Gold Exchange Withdrawals Through October 2008 – 2018
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You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Shanghai Gold Exchange Withdrawals 2008 – 2018
Since 2008 through October 2018, 16,756 tons of gold have been withdrawn from the Shanghai Gold Exchange.
The Case of China’s Missing Gold
The Case of China’s Missing Gold (Smaulgld Article)
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*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.
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