BullionStar Blogs

Week 37 Shanghai Gold Exchange Physical Delivery

• 20 Sept 2013 09:27
• Koos Jansen

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Weekly chart physical gold delivered on the Shanghai Gold Exchange vs world mining production. By @KoosJansen Shanghai Gold Exchange – 42 metric tonnes delivered in week 37 (left the SGE vaults), 09-09-2013/13-09-2013 – w/w – 10.3 %- 1588 metric tonnes delivered year to date – weekly average 43 tonnes YTD, 2013 estimate yearly total 2189 tonnes. Source: SGE, USGS... Continue Reading

Shanghai Gold Exchange Physical Delivery = Chinese Demand

• 18 Sept 2013 22:01
• Koos Jansen

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Year to date physical delivery on the Shanghai Gold Exchange stands at 1546 tons. Apart from an article on Bloomberg there has been little coverage in the mainstream media on this extreme amount of physical gold that is being sold in China, nor do they report on unusual high gold export from the UK to … Continue Reading

India Imported 3145 Tons of Silver In H1 2013

• 17 Sept 2013 09:43
• Koos Jansen

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In January 2013 India’s central bank, the RBI, raised gold’s import duty from 4% to 6 %, in June to 8 % and in August to 10 %. Another rule came into life on July 22 which made it mandatory for shippers to set aside 20 percent of shipments for re-export. All this policy has finally engendered some results; gold … Continue Reading

There Is Way More Gold Going Into China Than Is Reported

• 16 Sept 2013 09:01
• Koos Jansen

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This is a small part of the conversation I had with Alex Stanczyk on 4 September. This part is mostly on China. Continue Reading

The US Net Exported +1500 tons To The UK 1999 – July 2013

• 15 Sept 2013 08:36
• Koos Jansen

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Based on data declared by the UK more than 1500 tons of gold was net imported by the UK from the US, from January 1999 till July 2013. (from 1999 – 2012 it was 1468 tons)   Continue Reading

August SGE vs. COMEX Chart

• 14 Sept 2013 11:18
• Koos Jansen

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Monthly chart physical gold delivered on the Shanghai Gold Exchange vs COMEX vs world mining . By @KoosJansen SGE – 165.6 metric tonnes delivered in August (left the SGE vaults) – m/m – 29.65 % – 1499.3 metric tonnes delivered year to date (January – August) COMEX – 12.7 metric tonnes delivered in August – 146.7 metric tonnes delivered year to... Continue Reading

Week 36 SGE Chart

• 13 Sept 2013 14:41
• Koos Jansen

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Weekly chart physical gold delivered on the Shanghai Gold Exchange vs world mining production. By @KoosJansen Shanghai Gold Exchange – 47 metric tonnes delivered in week 36 (left the SGE vaults), 02-09-2013/06-09-2013 – w/w + 28.33 % – 1546 metric tonnes delivered year to date – weekly average 43 tonnes YTD, 2013 estimate yearly total 2190 tonnes. Source: SGE,... Continue Reading

Stanczyk: There Is Way More Gold Going Into China Than Is Reported

• 9 Sept 2013 18:32
• Koos Jansen

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Last week I had the privilege to talk to Alex Stanczyk, Chief Market Strategist for the Anglo Far- East group of companies. Below a few quotes – Alex also has a military background so that’s where we started. Do you think there is going to be a war in Syria? I hope not, but it’s possible. There is an old saying, … Continue Reading

The UK’s Gold Exodus Continues

• 9 Sept 2013 13:10
• Koos Jansen

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The UK Net Exported 201 Tons Of Gold In July, YTD 1018 Tons. UK gold export increased in July compared to June. After net exporting 145 tons in June, gold trade soared and hit a m/m growth of 39 % to 201 tons in July, according to Eurostat. The gold that is been exported by the … Continue Reading

Did China Know That Gold Was About to Drop in April?

• 6 Sept 2013 10:53
• Koos Jansen

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In April the price of gold made its biggest one-day percentage drop in 30 years, it fell 9% starting a bear trend that hit an intra-day price of $1180 in June. In reaction Asian demand for physical gold since the price drop in April exploded. Shanghai Gold Exchange physical delivery was 117 tons in week 17, dating … Continue Reading

July Chinese Gold Trade Charts

• 5 Sept 2013 21:18
• Koos Jansen

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Today new data came out from the Hong Kong Census and Statistics Department. This data covers Hong Kong import, export and re-export of goods to July 2013. All of the charts about Chinese and Hong Kong gold trade we publish on this blog are based on these data sets. For clarity, these charts are all based on trade … Continue Reading

Gold Leasing Is A Tool For The Global Credit Game

• 31 Aug 2013 18:56
• Koos Jansen

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Below a translation of an article on gold price suppression by global finance expert Zhang Jie, published on April 15, 2013. We have posted a Google Translate version of this article on August 13, but because of the significance of the insights of the writer we searched for real translators to make it into a more clear and understandable … Continue Reading

Week 33 SGE Chart

• 30 Aug 2013 10:15
• Koos Jansen

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Weekly chart physical gold delivered on the Shanghai Gold Exchange vs world mining production. By @KoosJansen Shanghai Gold Exchange – 39 metric tonnes delivered in week 33 (left the SGE vaults), 16-08-2013/20-08-2013 – w/w – 0.38 % – 1463 metric tonnes delivered year to dateSource: SGE, USGS For more information on SGE deliveries read this. Premiums based on the... Continue Reading

The UK Net Exported 817 Tons of Gold YTD

• 29 Aug 2013 20:29
• Koos Jansen

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As I was scrolling through some european trade numbers I found these astonishing gold exports from the UK. Before I make a few long term charts on UK total gold trade (and from which countries this gold comes from and is been sent to), I just wanted to share the most important one. The UK, … Continue Reading

India’s Gold Import Reaches 165 Tons in May

• 29 Aug 2013 11:00
• Koos Jansen

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India has a love for gold but the country has no goldmines, all demand has to be satisfied by import. Gold is their second biggest import after oil. Due to a growing trade deficit and a weakening Rupee the RBI (India’s central bank) is desperate to curb gold’s luster. In January they raised gold’s import … Continue Reading

Switzerland Precious Metals Trade Charts H1 2013

• 26 Aug 2013 20:13
• Koos Jansen

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Swiss precious metals trade (PM), gold and silver, trade data from 2002 – Q2 2013. Unfortunately Switzerland only publishes total precious metals trade numbers, so we don’t know where every Kg ends up. Customs employees did tell me this could change next year! For the gold chart I used HS codes: Google Translate: – 71081200 Gold, including … Continue Reading

Does the UK Supply the Shanghai Gold Exchange? Part 2

• 24 Aug 2013 18:51
• Koos Jansen

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Last week we learned UK gold exports to Switzerland were to 797t in the first six months of 2013. In Part 1 I speculated on the possibility if this gold eventually ends up in China.   For decades Switzerland has been a major gold trading hub and it has an unprecedented refining capacity. “In an average year Switzerland refines … Continue Reading

Week 32 SGE Chart

• 23 Aug 2013 10:05
• Koos Jansen

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Weekly chart physical gold delivered on the Shanghai Gold Exchange vs world mining production. By @KoosJansen Shanghai Gold Exchange – 39 metric tonnes delivered in week 32 (left the SGE vaults), 12-08-2013/16-08-2013 – w/w + 4.93 % – 1424 metric tonnes delivered year to date Source: SGE, USGS For more information on SGE deliveries read this.   Premiums based on... Continue Reading

Does the UK Supply the Shanghai Gold Exchange?

• 20 Aug 2013 20:20
• Koos Jansen

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A quick calculation on where SGE deliveries might come from. If we take the delivery numbers from January to June of the Shanghai Gold Exchange, we see that 1098t left the vaults in those six months. Where does this gold come from?   The SGE states that all Chinese domestic gold mining companies and all Chinese … Continue Reading

A First Look at the Chinese Gold & Silver Exchange

• 19 Aug 2013 11:54
• Koos Jansen

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“Hong Kong was a traditional trading hub for gold in the past decades" Director General of the The People’s Bank of China Mr. Xie Duo, 2012. A little known Asian precious metals hub is the Chinese Gold & Silver Exchange (CGSE) located at 12-18 Mercer street, Sheung Wan, Hong Kong. It opened it’s doors in 1910 and until today it … Continue Reading

Week 31 SGE Chart

• 16 Aug 2013 13:59
• Koos Jansen

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Weekly chart physical gold delivered on the Shanghai Gold Exchange vs world mining production. By @KoosJansen – 37 metric tonnes delivered in week 31 (left the SGE vaults) – w/w -11.31 % – 1385 metric tonnes delivered year to date Source: SGE, USGS For more information on SGE deliveries read this. Continue Reading

GOFO Update 16-08-2013

• 16 Aug 2013 11:42
• Koos Jansen

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6 month GOFO turns negative again at -0.00500 Continue Reading

July Chart SGE vs. COMEX

• 14 Aug 2013 11:07
• Koos Jansen

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Monthly chart physical gold delivered on the Shanghai Gold Exchange vs COMEX. By @KoosJansen SGE – 235.4 metric tonnes delivered in July (left the SGE vaults) – m/m +30.78 % – 1334 metric tonnes delivered year to date (January – July) COMEX – 0.5 metric tonnes delivered in July – m/m -98 % – 134 metric tonnes delivered year to date (January... Continue Reading

China Explains How The Fed Has Manipulated Gold For Decades

• 13 Aug 2013 15:01
• Koos Jansen

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This is an article from the Chinese state press agency CNTV (China Network Television), which later appeared on www.best-news.us. The writer describes how soon after Nixon closed the gold window in 1971 – and the price of gold sky rocketed to $800 an ounce – the Fed started to combat the price of gold up … Continue Reading

Week 30 SGE Chart

• 11 Aug 2013 21:04
• Koos Jansen

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Weekly chart physical gold delivered on the Shanghai Gold Exchange vs world mining production. By @KoosJansen – 46 metric tonnes delivered in week 30 (left the SGE vaults) – w/w -11.31 % – 1347 metric tonnes delivered year to date Source: SGE, USGS For more information on SGE physical deliveries read this. Continue Reading

June Chinese Gold Trade Charts

• 6 Aug 2013 14:44
• Koos Jansen

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Today new data came out from the Hong Kong Census and Statistics Department. This data covers Hong Kong import, export and re-export of goods to June 2013. All of the charts about Chinese and Hong Kong gold trade I publish on this blog are based on these data sets. The charts show exactly how much is traded … Continue Reading

Week 29 SGE Chart

• 2 Aug 2013 10:53
• Koos Jansen

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Weekly chart physical gold delivered on the Shanghai Gold Exchange vs world mining production. By @KoosJansen – 52 metric tonnes delivered in week 29 (left the SGE vaults) – w/w 2.63 % – 1301 metric tonnes delivered year to date Source: SGE, USGS For more information on SGE physical deliveries read this. Continue Reading

Gold Delivery at the Shanghai Gold Exchange vs. COMEX

• 1 Aug 2013 11:09
• Koos Jansen

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With the charts I publish about physical delivery on the Shanghai Gold Exchange and the COMEX I try to show how much metal is withdrawn from these exchanges. A few days ago two articles appeared on the internet in which the delivery process of a gold futures contract at the COMEX is explained. For me it contained … Continue Reading

The BoE on its Current Gold Holdings

• 30 Jul 2013 10:31
• Koos Jansen

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After Alasdair MacLeod said the BoE’s gold holdings dropped 1300 tons from February to June this year, I send an email to the BoE to get clarification. This was their response: In the annual report from February which he refers to, it’s stated that the Bank holds £210 billion in gold for the UK government, other central banks around … Continue Reading

Week 28 SGE Chart

• 26 Jul 2013 09:58
• Koos Jansen

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Weekly chart physical gold delivered on the Shanghai Gold Exchange vs world mining production. By @KoosJansen – 51 metric tonnes delivered in week 28 (left the SGE vaults) – w/w 0.17 % – 1249 metric tonnes delivered year to date   Continue Reading

Hong Kong – Switzerland Gold Trade

• 24 Jul 2013 16:30
• Koos Jansen

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This chart is calculated as Hong Kong gold import from Switzerland minus export and re-export to Switzerland. The categories I counted where HKHS (Hong Kong Harmonized System) codes: 98002: GOLD COIN AND CURRENT COIN 97101: GOLD (INCLUDING GOLD PLATED WITH PLATINUM), NON-MONETARY, UNWROUGHT OR IN SEMI-MANUFACTURED FORMS, OR IN POWDER … Continue Reading

Hong Kong & China Combined Net Gold Inflows

• 20 Jul 2013 09:25
• Koos Jansen

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Note, year to date is the first 5 months of 2013. (Jan – May)   Continue Reading

Hong Kong Gold Trade

• 20 Jul 2013 09:17
• Koos Jansen

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For a small state like Hong Kong with a population of 7 million people they’re accumulating quite a lot of physical gold. In 2012 they stacked 70t, in 2013 up until May they’re up for 141t. Continue Reading

June Chart: SGE vs. COMEX

• 19 Jul 2013 13:15
• Koos Jansen

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Monthly chart physical gold delivered on the Shanghai Gold Exchange vs COMEX. By @KoosJansen – 180 metric tonnes delivered in June (left the SGE vaults) – m/m -19.67 % – 1098 metric tonnes delivered year to date (January – June) Source: SGE, USGS, CMEGROUP Continue Reading

Week 27 SGE Chart

• 19 Jul 2013 10:08
• Koos Jansen

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Weekly chart physical gold delivered on the Shanghai Gold Exchange vs world mining production. By @KoosJansen – 51 metric tonnes delivered in week 27 (left the SGE vaults) – w/w 2.51 % – 1198 metric tonnes delivered year to date   Continue Reading

Correction: Hong Kong Gold Trade Chart

• 18 Jul 2013 21:37
• Koos Jansen

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Below is a chart I published a few days ago on this website, this chart was INCORRECT. Before making this chart I was misinformed on the definition of “re-exports". When double checking my data with the Hong Kong Census and Statistics Department I learned the true definition of re-exports. Re-exports are defined as goods which … Continue Reading

SGE Delivery vs. Mining + Net Inflow

• 15 Jul 2013 12:43
• Koos Jansen

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Shanghai Gold Exchange physical gold delivery vs Chinese mining production + Chinese NET gold inflow from Hong Kong. Continue Reading

SGE Premiums

• 14 Jul 2013 13:19
• Koos Jansen

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Shanghai Gold Exchange daily gold premiums 2013, taken from SGE Chinese website.   Continue Reading

Week 26 SGE Chart

• 13 Jul 2013 09:40
• Koos Jansen

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Weekly chart physical gold delivered on the Shanghai Gold Exchange vs world mining production. By @KoosJansen – 49 metric tonnes delivered in week 26 (left the SGE vaults) – w/w -9.16 % – 1148 metric tonnes delivered year to date   Continue Reading

Monthly Hong Kong – China Gold Trade

• 11 Jul 2013 14:50
• Koos Jansen

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Hong Kong – China gold trade monthly (5-2013)   Continue Reading

Yearly Hong Kong – China Gold Trade

• 10 Jul 2013 12:59
• Koos Jansen

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In 2012 China gold net inflow through Hong Kong was 525t. This year up until May China gold net inflow through Hong Kong is 392t. Continue Reading

Chinese Press On Gold and The Dollar Hegemony

• 7 Jul 2013 12:06
• Koos Jansen

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Below is an article that appeared in the Chinese newspaper “World News Journal" from 2011. The first part is about the relationship between gold, the dollar and oil. The second part is on the US plundering the rest of the world by means of the dollar as the world reserve currency. China wont go along … Continue Reading

Week 25 SGE Chart

• 5 Jul 2013 15:12
• Koos Jansen

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Weekly chart physical gold delivered on the Shanghai Gold Exchange vs world mining production. By @KoosJansen – 54 metric tonnes delivered in week 25 (left the SGE vaults) – w/w -2.27 % – 1098 metric tonnes delivered year to date   Continue Reading

An Insight Into China’s Gold Hoarding Strategy

• 30 Jun 2013 20:59
• Koos Jansen

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This article appeared in Qiushi magazine (August 2012), the main academic journal of the Chinese Communist Party’s Central Committee. Sun Zhaoxue, president of China National Gold Corporation, explains why China needs to ramp up its gold reserves. Google Translate from here:   Build a strong China’s economic and financial security barrier – Actively build and... Continue Reading

Week 24 SGE Chart

• 28 Jun 2013 10:30
• Koos Jansen

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Weekly chart physical gold delivered on the Shanghai Gold Exchange vs world mining production. By @KoosJansen – 56 metric tonnes delivered (left the SGE vaults) – w/w 136 % – 1044 metric tonnes delivered year to date Continue Reading

GLD Inventory vs. Gold Price

• 24 Jun 2013 11:31
• Koos Jansen

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GLD inventory vs gold price. By @KoosJansen   Continue Reading

Week 23 SGE Chart

• 21 Jun 2013 10:35
• Koos Jansen

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Weekly chart physical gold delivered on the Shanghai Gold Exchange vs world mining production. By @KoosJansen Source: SGE, USGS   Continue Reading

Monthly Chart: SGE vs. COMEX vs. TOCOM

• 19 Jun 2013 18:45
• Koos Jansen

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Monthly physical gold delivery on Shanghai Gold Exchange vs COMEX vs TOCOM. By @KoosJansen If you think you’re blind, you’re not..   Continue Reading

May Chart: SGE vs. Delivery Ratio

• 18 Jun 2013 20:35
• Koos Jansen

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Monthly physical gold delivery Shanghai Gold Exchange vs delivery ratio.   Continue Reading

2013 SGE Chart

• 16 Jun 2013 21:33
• Koos Jansen

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Yearly chart physical gold delivered on the Shanghai Gold Exchange vs world mining production. By @KoosJansen Source: SGE, USGS Continue Reading