Shanghai Gold Exchange Withdrawals Were 151 Tons in May.
Shanghai Gold Exchange withdrawals through May at third highest level in the exchange’s history.
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Shanghai Gold Exchange
The Shanghai Gold Exchange (SGE) withdrawals of 150.581 tons of gold in May were up 9% from withdrawals of 138.079 tons in May 2017.
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 May 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?
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Shanghai Gold Exchange Withdrawals Through May 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 – 2017
Since 2008 through May 2018, 15,956 tons of gold have been withdrawn from the Shanghai Gold Exchange.
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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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