Koos Jansen
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Koos Jansen

Xinhua: China Sets Up Gold Fund For Central Banks

On May 12, 2015, I reported China’s Silk Road economic project would include gold business. A month prior to that Shanghai Gold Exchange (SGE) chairman Xu Luode had “proposed to integrate gold market development into the strategic development plan of the Silk Road”. Shortly after, in early May it was announced gold mining company Polyus in Russia’s largest gold... Continue Reading

Kronen Zeitung: Austria Repatriates 110 Tonnes From UK

Austria is repatriating gold from the vaults at the Bank Of England (BOE) at this very moment, according to Kronen Zeitung. The OeNB (central bank of the Republic of Austria) stored 82 % of its 280 tonnes at the depository in England. It will start by bringing back 110 tonnes to Austria, to eventually have 50 % on own soil.  This was to be expected as Austria has steadily... Continue Reading

Chinese Gold Leasing Not What It Seems

Welcome to another episode of understanding how mainstream consultancy firms (the World Gold Council, GFMS, CPM Group, Precious Metals Insights) understate Chinese gold demand. One of their main arguments is that hundreds if not thousands of tonnes are tied up in Chinese Commodity Financing Deals (CCFDs). As it was first stated by the World Gold Council (China's Gold Market... Continue Reading

PBOC Gold Purchases: Separating Facts from Speculation

As we are approaching the moment the PBOC unveils they have more physical gold in reserve than what has been disclosed since 2009, 1054 tonnes, we will again analyze everything there is to find about PBOC gold purchases. Grasping the exact size of their current official gold reserves is unfortunately impossible, but if we understand why, “not-knowing” actually forms a... Continue Reading

SGE Withdrawals vs WGC Demand Q1 2015.

Welcome back to my weekly post on the Chinese gold market, usually centered around data regarding Shanghai Gold Exchange (SGE) withdrawals from the vaults. I’ve been away for a short while because I had some health issues - I’ll be fine, I just need a little time. The good news is I slowly started working a few days ago! Let’s see what I didn’t cover in recent weeks... Continue Reading

China’s Silk Road Economic Project Will Include Gold

The Chinese government seems to be very keen on developing the New Silk Road Economic Belt as fast as possible; an initiative, said to be designed by President Xi Jinping himself, that will increase economic cooperation in the wide Eurasian region. At a stunning speed China and Russia take the lead in strengthening ties in the area. For the wind down of the US dollar hegemony... Continue Reading

Biggest Newspaper Netherlands Interviews Koos Jansen

From De Telegraaf, Thursday April 9, 2015. By Theo Besteman: China Conquers The World With Gold After a serious knee surgery in 2013 sound engineer Jan Nieuwenhuijs began a blog about gold. Two years later, the 33-year old from Amsterdam is an international gold expert, his analyzes are praised by investors on Wall Street. "China takes over US dominance," he... Continue Reading

Shanghai International Gold Exchange Comes To Life

In September 2014 the Shanghai Gold Exchange (SGE) launched its International Board, the Shanghai International Gold Exchange (SGEI). After a slow start, the volume of the physical SGEI kilobar contract (iAu99.99) has transcended all other SGE contracts in week 15 (April 6- 10). The primary goals for the launch of the SGEI was to facilitate gold trading in renminbi,... Continue Reading

Zooming In On The Chinese Gold Lease Market

The primary reasons mainstream gold analysts (and the media) don't use Shanghai Gold Exchange (SGE) withdrawals as an indicator for Chinese wholesale gold demand, are - after a few others have been tested - Chinese Commodity Financing Deals (CCFD). Regarding gold these financing operations can be be conducted through round-tripping or gold leasing. Because of the... Continue Reading

Guest Post: Spelling Out The Big Reset

Written by LK in Hong Kong As economies age, debt builds up. Advanced economies - those with the highest borrowing ratings by the reputable agencies they developed - have it clogging up inside all their arteries. The Big Reset will finally become inevitable, as has been acknowledged by the IMF head Largarde, mentioning the year 2020. But what must an Armageddon debt reset... Continue Reading

Thoughts On The Price Of Gold

Withdrawals from the Shanghai Gold exchange (SGE), which equal Chinese wholesale gold demand, in week 12 (March 23 – 27) accounted for 46 tonnes, down 14.5 % w/w. Year to date total withdrawals have reached 607 tonnes, up 9 % from 2014, up 33 % from 2013. Blue (本周交割量) is weekly gold withdrawn from the vaults in Kg, green (累计交割量) is the total... Continue Reading

This Is What The AIIB Is About

Until March 31 countries can submit for membership of the Asian Investment Infrastructure Bank (AIIB), a financial institution proposed by China, which has the purpose of being a multilateral framework to finance infrastructure projects in the wide Eurasian region. In recent weeks many Western countries have submitted for membership, the US rejected application as it fears... Continue Reading

When Will China Disclose Its True Official Gold Reserves And How Much Is It?

Things are heating up in the Chinese gold market First let’s go through the latest Shanghai Gold Exchange data and then we’ll continue to discuss the most recent developments regarding Chinese official gold reserves. Friday the Shanghai Gold Exchange (SGE) released its trade report of week 11, 2015 (March 16 – 20). Withdrawals from the vaults, which equal Chinese... Continue Reading

Euronews: If China Joins The New Gold Fix, There’ll Be Less Manipulation

On March 24, 2015, Euronews broadcasted Business Middle East, in which Nour Al Hammoury from ADS securities, stated that if Chinese banks would join the new gold fix it would be less sensitive for manipulation. Having Chinese banks participate in the fix, would indeed be very welcome. If you like to read more about if Chinese banks will participate in the new fix... Continue Reading

The Largest Gold Mints Of The World

The most recent data available suggests the US Mint is currently the largest mint on the planet in terms of production output, having produced 4.54 tonnes of gold in Eagles and Buffalos year to date (January and February 2015). The largest gold mints of the world are the Turkish State Mint, Chinese Mint, South African Mint, US Mint, Perth Mint (Australia), Royal Canadian... Continue Reading
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