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SGI delivers 1098 tonnes YTD

derrybderryb Posts: 36,825 ✭✭✭✭✭
in Precious Metals
The Shanghai Gold Surprise

"Whether there’s a link between China’s increasing physical gold deliveries and the drop in gold inventories within the COMEX and GLD ETF remains to be seen, but whoever is supplying China’s gold appetite is supplying it in size."

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • CaptHenwayCaptHenway Posts: 32,156 ✭✭✭✭✭
    That IS noteworthy! Thanks for the heads up!
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • OverdateOverdate Posts: 7,008 ✭✭✭✭✭
    It would be interesting to know where the physical gold is going after being delivered by the Shanghai exchange. I don't think all if it is necessarily ending up in China.

    My Adolph A. Weinman signature :)

  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    The Asian population is buying gold like crazy.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I would think there is considerable 'hidden' gold movement around the world... just an opinion. Cheers, RickO
  • SmittysSmittys Posts: 9,876 ✭✭✭✭✭
    "If the Shanghai data is true"

    enough said
    https://www.ebay.com/str/christyscoins
  • derrybderryb Posts: 36,825 ✭✭✭✭✭


    << <i>"If the Shanghai data is true"

    enough said >>


    The asians are known to under report gold sales

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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