Shanghai Gold Exchange Withdrawals Were 193 Tons in March.
Shanghai Gold Exchange Withdrawals rose 64% in March to 192.614 tons up from 118.424 tons in February.
Shanghai Gold Exchange March withdrawals were the second highest March total in the exchange’s history.
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:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Shanghai Gold Exchange
The Shanghai Gold Exchange (SGE) withdrawals of 192.614 tons of gold in March were up 63.5% from withdrawals of 118.424 tons in February 2018 and essentially flat from March 2017 withdrawals of 192.25 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 2016, the PBOC added no gold to its reserves.
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 March 2008 – 2017
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 Gold Deliveries
COMEX TRADERS STANDING FOR DELIVERY?
Donate To Smaulgld.com via paypal
Sign Up For Smaulgld.com Updates Here!
Shanghai Gold Exchange Withdrawals Through March 2008 – 2018
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:
Golden Eagle Coins
SD Bullion
Money Metals Exchange
Shanghai Gold Exchange Withdrawals 2008 – 2017
Since 2008 through March 2018, 15,593 tons of gold have been withdrawn from the Shanghai Gold Exchange.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.*
Sign Up For Smaulgld.com Updates Here!
CLICK ON THE IMAGE BELOW TO BUY BRITISH ROYAL MINT GOLD AND SILVER BULLION!
*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.