Silver as an investment

Category Archives: SGE

Russia’s VTB Bank Joins As SGE Member. Chinese Direct Gold Imports Increase

bullionstar.com / by Koos Jansen / 30 Oct 2015 Another strong week for gold demand at the Shanghai Gold Exchange – China’s main physical gold bourse. From 19 until 23 October 57 tonnes have been withdrawn from the vaults of the Shanghai Gold Exchange (SGE), according to data released on Friday by the SGE. Year to date 2,119 […]

SGE Withdrawals At Record High 1,958t YTD

bullionstar.com / by Koos Jansen / 17 Oct 2015 Year to date withdrawals from the vaults of the Shanghai Gold Exchange (SGE) came in at a staggering 1,958 tonnes on 25 September 2015 – a record high – according to data released by the SGE on Friday. In week 38, which runs from 21 September until 25 September, […]

Shanghai Gold Exchange to name new chairman ahead of benchmark launch

reuters.com / Reporting by A. Ananthalakshmi; Editing by Richard Pullin / Oct 13, 2015 Oct 13 The Shanghai Gold Exchange (SGE) is likely to name Jiao Jinpu, an official from China’s central bank, as its new chairman, two sources said, in a move that could pave the way for the planned launch this year of a […]

How Much Gold Is China Importing And Does It Still Correlates to SGE Withdrawals?

bullionstar.com / Koos Jansen / 12 Oct 2015 We have some catching up to do in terms of discussing Chinese gold import in H1 2015 and how this relates to withdrawals from Shanghai Gold Exchange (SGE) vaults. For this post it’s advised you’ve read The Mechanics Of The Chinese Domestic Gold Market to have a basic understanding of […]

The London Float And PBOC Gold Purchases

bullionstar.com / by Koos Jansen / 25 Sep 2015 Did the PBOC covertly buy 1,747 tonnes of gold in London? This BullionStar blogpost is part of a chronological storyline. Please make sure you’ve read The Mechanics Of The Chinese Domestic Gold Market, PBOC Gold Purchases: Separating Facts from Speculation and The London Bullion Market And International Gold Trade, […]

Shanghai Gold Exchange in talks to list products on CME

gata.org / by cpowell on 2015-06-26 From Reuters Friday, June 26, 2015 SHANGHAI — The Shanghai Gold Exchange is in talks to list its bullion products on CME Group’s trading platform and launch yuan-denominated bullion contracts in Dubai, an exchange official said. China, the top producer and a leading consumer of gold, is seeking to […]

China plans to launch yuan gold fix by end of this year

gata.org / by cpowell on Thu, 2015-06-25 By A. Ananthalakshmi Reuters Thursday, June 25, 2015 SHANGHAI — China plans to launch a yuan-denominated gold fix by the end of 2015 via the Shanghai Gold Exchange in a move aimed at giving the world’s biggest bullion producer and consumer more influence over pricing. The first public […]

Rectification of Chinese gold trade rules

bullionstar.com / by Koos Jansen / 15 Jun 2015 I’ve found more detailed rules on the workings of the Chinese gold market regarding, (i) the use of onshore renminbi for contracts traded on the Shanghai International Gold Exchange (SGEI), (ii) gold sales of Chinese domestic gold mines. Previously I’ve written posts on these subjects that contained inaccurate information […]

Total Chinese Gold Reserves Nearly 16,000t

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. bullionstar.com / by Koos Jansen / 24 Nov 2014 Chinese gold demand remains very strong throughout week 46 (November 10 – 14), withdrawals from the vaults of the Shanghai Gold Exchange (SGE) accounted for 52 tonnes. The year to date counter has reached 1,761 […]

China SGE Gold Withdrawals For Week 52 Tonnes

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. jessescrossroadscafe.blogspot.com / BY JESSE / 21 NOVEMBER 2014 The Shanghai Gold Exchange withdrawals were 52.26 tonnes for the week ending 14 November. To put this into perspective, there are a total of 27 tonnes of gold bullion in the registered ‘deliverable’ at […]