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BullionStar Blogs

BullionStar is renowned for presenting original research and expertise
covering the most important trends in the precious metals markets.

The UK’s Gold Exodus Continues

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  • author Koos Jansen

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 arrow

Did The Chinese Know The Price Of Gold Was About To Drop In April?

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  • author Koos Jansen

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 arrow

July Chinese Gold Trade Charts

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  • author Koos Jansen

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 arrow

Gold Leasing Is A Tool For The Global Credit Game

Gold Leasing Is A Tool For The Global Credit Game

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  • author Koos Jansen

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 arrow

Week 33 SGE Chart

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  • author Koos Jansen

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 date Source: SGE, USGS For more information on SGE deliveries read this. Premiums based on... Continue Reading arrow

The UK Net Exported 817 tons of gold YTD

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  • author Koos Jansen

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 arrow

India’s Gold Import Reaches 165 tons in May

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  • author Koos Jansen

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 arrow

Switzerland PM trade charts H1 2013

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  • author Koos Jansen

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 arrow

Does UK Supply Shanghai Gold Exchange? Part 2

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  • author Koos Jansen

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 arrow

Week 32 SGE Chart

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  • author Koos Jansen

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 arrow

Does The UK Supply The Shanghai Gold Exchange?

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  • author Koos Jansen

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 arrow

A First Look At The Chinese Gold & Silver Exchange

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  • author Koos Jansen

“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 arrow

Week 31 chart SGE

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  • author Koos Jansen

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 arrow

July chart SGE vs COMEX

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  • author Koos Jansen

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 arrow

Chinese State Press On How The Fed Has Been Manipulating The Price Of Gold For Decades

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  • author Koos Jansen

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 arrow

Week 30 SGE chart

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  • author Koos Jansen

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 arrow

June Chinese gold trade charts

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  • author Koos Jansen

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 arrow

Week 29 SGE chart

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  • author Koos Jansen

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 arrow

Physical Gold Delivery At The Shanghai Gold Exchange Compared To COMEX

Physical Gold Delivery At The Shanghai Gold Exchange Compared To COMEX

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  • author Koos Jansen

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 arrow

The BoE on it’s current gold holdings

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  • author Koos Jansen

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 arrow

Week 28 SGE chart

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  • author Koos Jansen

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 arrow

Hong Kong – Switzerland Gold Trade

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  • author Koos Jansen

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 arrow

Hong Kong gold trade

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  • author Koos Jansen

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 arrow

June chart SGE vs COMEX

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  • author Koos Jansen

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 arrow

Week 27 SGE chart

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  • author Koos Jansen

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 arrow

Correction “Hong Kong gold trade” chart

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  • author Koos Jansen

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 arrow

Week 26 chart SGE

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  • author Koos Jansen

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 arrow

Chinese Press On Gold And The Dollar Hegemony

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  • author Koos Jansen

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 arrow

Week 25 chart SGE

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  • author Koos Jansen

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 arrow

Week 24 chart SGE

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  • author Koos Jansen

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 arrow

Singapore gold bar premiums hit record on tight supply

Singapore gold bar premiums hit record on tight supply

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  • author BullionStar
  • comments 0 Comments

SINGAPORE, May 29 (Reuters) – Premiums for physical gold in Singapore touched new highs this week as supplies proved hard to acquire, even as premiums in other Asian countries eased after gold prices bounced off two-year lows seen in April. Dealers in Singapore, a center for bullion trading in Southeast Asia, were quoting up to … Continue Reading arrow

How to get free offshore gold storage in Singapore

How to get free offshore gold storage in Singapore

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  • author BullionStar
  • comments 1 Comments

  Reporting from: Singapore The government of Singapore has been busy in recent years. Not content to be the world’s second freest economy, it has set out on a mission to take the world bullion market by storm. Today, this tiny southeast Asian country at the tip of Malaysia holds only a few percent of … Continue Reading arrow

PRECIOUS-Gold falls as stock markets hold firm; physical demand strong

PRECIOUS-Gold falls as stock markets hold firm; physical demand strong

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  • author BullionStar
  • comments 0 Comments

Gold falls after gains seen on Monday, last week * Nikkei edges higher in choppy trade * Coming up: U.S. consumer confidence at 1400 GMT (Updates prices) By A. Ananthalakshmi SINGAPORE, May 28 (Reuters) - Gold fell on Tuesday as Asian stock markets and the dollar firmed after a turbulent week, undermining the metal's appeal … Continue Reading arrow

Chinese Cross-Border Gold Trade Rules

Chinese Cross-Border Gold Trade Rules

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  • author Koos Jansen

This post is part of the Chinese Gold Market Essentials series. Click here to go to an overview of all Chinese Gold Market Essentials for a comprehensive understanding of the largest physical gold market globally. This post was updated in late 2017. This article covers how gold can be imported into and exported from China mainland. There are two types … Continue Reading arrow

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