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Shanghai Gold Exchange Has 73.3 Tonnes of Bullion Withdrawn In The Third Largest Week In Its History

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Jesse
Le Cafe Americain
Published : August 01st, 2015
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Category : GoldWire

For the week ending July 24th there were 73.289 tonnes of gold bullion withdrawn from the Shanghai Exchange into China.

That is about 2,356,296 troy ounces in one week.

I have included the most recent statistics from the Comex Gold Warehouses below.  There are currently 351,519 ounces of gold available for delivery at these prices there for the month of August.

Nine out of ten Americans will notice that in technical terms this is 'a lot less.'

But as the smarty pants like to point out, the Comex is not 'a physical exchange.'  Yep.  And as you have seen in my posting earlier today showing the sea change in leverage over even the past ten years, it is seemingly getting a lot less physical all the time.
Data and Statistics for these countries : China | All
Gold and Silver Prices for these countries : China | All
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