Shanghai Gold Exchange Withdrawals Week Ended November 20, 2015

Shanghai Gold Exchange Withdrawals.

Shanghai Gold Exchange withdrawals were 54.06 tonnes of gold during the week ended November 20, 2015.

Total gold withdrawals on the Shanghai Gold Exchange year to date are 2,313 tonnes.

Withdrawals pass 2013’s annual record of 2197 tonnes by 116 tonnes.

Hong Kong gold kilobar withdrawals pass 768 tonnes in 2015.

Buy Gold Online

Shanghai Gold Exchange

The Shanghai Gold Exchange (SGE) delivered 54.06 tonnes of gold during the week ended November 20, 2015. During prior trading week ended November 13, 2015, the SGE withdrawals were 48.98 tonnes of gold.

Year to Date Weekly Shanghai Gold Exchange Withdrawals Through November 20, 2015

Shanghai Gold exchange withdrawals week by week 2015 through November 20

Shanghai Gold Exchange withdrawals are at 2,313 tonnes through the week ended November 20 2015.

2015 Year To Date Withdrawals vs. Prior Years

week 47 Shanghai Gold Exchange Withdrawals vs other years 2009-2015

Withdrawals on the Shanghai Gold Exchange are were running 31.3% higher than last year and 20% higher than prior record year 2013 through week 47.

COMEX Hong Kong Gold Kilobar Withdrawals Through November 24, 2015

The Chicago Mercantile Exchange futures contract for Hong Kong Kilobars has experienced withdrawls of an average of more than six tons of gold a day since it began in mid March earlier this year. As of November 24, 2015, over 768 tonnes of gold have been withdrawn pursuant to this program since March 2015 for an annualized run rate over 1,200 tonnes of gold a year.

November 12, 2015 was the largest day ever for COMEX Hong Hong Kilobar withdrawals with 22.176 tonnes.

hong kong kilobar withdrawals november 24 2015

Comex Hong Kong gold kilo bar withdrawals have passed 768 tonnes since March 2015.

October 2015 Shanghai Gold Exchange Withdrawals vs. COMEX 2014 and 2015 Gold Deliveries

The chart below demonstrates the difference between the Shanghai Gold Exchange and the COMEX gold futures market. The former is a physical gold market while the latter a is paper/digital contract market where physical gold delivery is rarely made.

Shanghai gold exchange vs comex deliveries 2015

Shanghai Gold Exchange withdrawals in October 2015, topped 2014 and 2015 (through October) COMEX deliveries.

Buy Silver Chinese Panda Coins

China Updates its Gold Holdings

In July 2015, China announced their first update to their official gold holdings since 2009. The People’s Bank of China announced that their gold holdings had climbed from 1054 tons to 1658 tons, making China the fifth largest gold holding nation in the world.
China chose to incude six years worth of gold accumulation (over 600 tons) all in the month of June.

In August 2015, China reported that they added 19.3 tons (610,000 ounces) of gold to their reserves in July bringing their total to 1,677 tons (53.93 million ounces). In September 2015, the China updated their August gold reserves, indicating that they had added 16 tonnes of gold to their reserves, bringing their total to over 1693 tonnes.

Despite an overall decrease in its reserves in September, China has been adding gold. In October, China reported that they had added fifteen tons of gold to their reserves in September. Earlier this month, China reported they had added fourteen tons of gold to their reserves.

Chinese gold reserves through October 2015

China added 14 tonnes of gold to its reserves in October bringing its total gold reserves to 1722 tonnes.

Chinese vs. Russian Gold Reserves

While China’s officially reported gold reserves have increased at an impressive pace in recent months, the central Bank of Russia has added 85% more gold to its reserves from August to October 2015.

The United States has not added any gold to its reserves in over a half a century.

Chinese and Russian gold reserves August - October2015

Russia added nearly twice as much gold as China to its reserves from August to October 2015.

top 10 gold holding nations 2015

China is the fifth largest gold holding nation in the world. Russia holds more gold than Swizerland and just 227 tonnes less than China.

To see the top forty gold holding nations click here.

Click for Black Friday/Cyber Monday Gold and Silver Specials

Free Silver Round with Each Order Through November 30

Get Free Updates From

Subscribe to 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 to receive free gold and silver updates, news and analysis.

Shanghai Gold Exchange Data source GoldMinerPulse

Buy American Gold Buffalo Coins

Further Reading:

Shanghai Gold Exchange Withdrawals (weekly 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 by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM Bullion, BGASC, Goldbroker, Golden Eagle Coin, Perth and Royal Canadian Mint ads on the site.

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.

Comments are closed.

Post Navigation