Shanghai Gold Exchange On Track to Deliver 2000 Tonnes of Gold In 2014

The Shanghai Gold Exchange

The Shanghai Gold Exchange delivers 38.361 tonnes of gold for the week ended December 5

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The volume of gold delivered on the Shanghai Gold Exchange since 2009 passes 7,700 tonnes.

The chart below shows the massive amounts of physical gold delivered on the Shanghai Gold Exchange. At nearly 2,000 tons (1,905 as of December 5), the Shanghai Gold Exchange will have delivered physical gold equalling nearly half of the annual global gold mining production.

shanghai gold exchange volume 2014

The Shanghai Gold Exchange has delivered nearly 2,000 tonnes of gold in 2014.

RIC is Buying Gold

Russia, India and China (RIC) are leading the world in gold consumption. China continues to be the world’s number one gold producer, consumer and importer, India, the world’s number two gold consumer, has removed some gold import restrictions and Russia continues to increase its gold reserves at a rapid rate.

With RIC buying, gold demand in 2015 looks like it is shaping up to surpass 2014 – even without any increase in gold demand from the United States.

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Further Reading:

October 2014 Shanghai Gold Exchange

The Rise of the Shanghai Gold Exchange

China Hoards its Gold Production

The Importance of Silver to China

The Importance of Gold

Gold Supply and Demand

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

LBMA Speech re The Shanghai Gold Exchange

China Hoards its Gold Production and Becomes the World’s #1 Producer and Importer of Gold

Gold Continues to Move West To East

Eric Sprott- Connecting the Dots

Gold, Silver and Real Estate

Royal Canadian Mint


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