Koos Jansen
BullionStar Blogs

Koos Jansen

Precious Metals Import India 2015 Strong, Government Hopelessly Continues To Obstruct Demand

While India’s gross gold bullion import in 2015 reached the third highest amount ever at 947 tonnes and gross silver bullion import reached the highest amount ever at 8,504 tonnes, the Indian government is perpetually trying to obstruct the populace from protecting their wealth.  Last week I was going through gold and silver trade data released by the Indian... Continue Reading

COMEX Gold Futures Can Be Settled Directly With Eligible Inventory

The 100-ounce Gold futures contract listed on the COMEX in New York can be traded in OTC market through which the contract can be "settled" with anything that resembles the underlying asset, for example gold recorded as eligible inventory in COMEX approved depositories. Make sure you’ve read GOFO And The Gold Wholesale Market before continuing. It’s widely discussed... Continue Reading

Dutch Central Bank Considers To Relocate Gold Vault And Publish Gold Bar List

According to a press release the management team of the Dutch central bank has requested to investigate relocating the banknotes and gold vault that is currently located in the basement of bank's headquarter at the Frederiksplein in Amsterdam. In the press release we can read the reason for the investigation to relocate the vault flows from preparations to renovate the... Continue Reading

GOFO And The Gold Wholesale Market

An essay on the relationship between GOFO, gold forwards, the gold lease rate and the US dollar interest rate. In order to continue to reveal essential information about the physical and paper gold markets around the world, first I would like to expand on the inner workings of the gold wholesale market. In this post we’ll use the Gold Forward Offered Rates, in short... Continue Reading

Venezuela Exported 36t Of Its Official Gold Reserves To Switzerland In January

Switzerland has net imported 35.8 tonnes of gold from Venezuela in January 2016. This unusual high tonnage must be gold from the central bank of Venezuela - Banco Central de Venezuela (BCV) – that has been swapping metal with banks or simply sold it in the open market. Remarkably, after Venezuela repatriated 160 tonnes in official gold reserves from 25 November 2011 until... Continue Reading

London Was Bleeding 184t Of Gold In December While China Imported At Least 217t

When there is no more gold left in London to export the gold price is likely to go higher on strong global demand induced by economic headwind. At the time of writing the spot gold price is $1,251.80 per ounce, up 18 % year to date, while the S&P 500 is down 9 % year to date.  In a year that saw strong gold demand from China, in total withdrawals from the vaults of... Continue Reading

SGE Continues To Publish Withdrawals Figures?

It seems the Shanghai Gold Exchange (SGE) is continuing to publish the amount of gold withdrawn from the vaults on a monthly basis. For the month of January “SGE withdrawals” accounted for 225 tonnes, down 1 % from December. After the first weekly SGE reports in 2016 did not disclose SGE withdrawal data and phone calls to the bourse in Shanghai answered these numbers would... Continue Reading

Presentation Koos Jansen At Scotiabank

I was invited by Scotiabank to speak about Chinese gold demand at their commodities outlook conference on 12 January 2016 in Toronto. Of course I was thrilled to come over and share what I’ve been studying for the past years – thanks again Scotiabank for inviting me! In my 20-minute presentation I could clearly explain why I think Chinese gold demand is not what... Continue Reading

China Stops Publishing SGE Withdrawal Figures

UPDATE 11 MARCH 2016: THE SGE HAS CONFIRMED TO CONTINUE PUBLISHING SGE WITHDRAWALS!  My research into the Chinese gold market started in 2013 when I noted the significance of a number published on a weekly basis in the Chinese Market Data Weekly Reports on the website of the Shanghai Gold Exchange (SGE) regarding the amount of physical gold withdrawn from the vaults. It... Continue Reading

In China Everyone Can Buy Gold At The SGE

The Shanghai Gold Exchange launched a smartphone app for customers to trade gold. It's advised to have read The Chinese Gold Market Essentials Guide before you continue. The main reason there is such a large discrepancy between Chinese gold demand as disclosed by the World Gold Council (WGC) and the amount of gold withdrawn from the vaults of the Shanghai Gold Exchange... Continue Reading

Are SGE Withdrawals Gone?

Did the Shanghai Gold Exchange (SGE) just ceased publishing the weekly amount of gold withdrawn from the vaults? If so, the SGE has chosen to add another layer of secrecy over the Chinese gold market. As, SGE withdrawals provide a unique metric for Chinese wholesale gold demand.  This started on 11 January 2016 when the SGE released the “Announcement on... Continue Reading

A Thorough Examination Of Cross-Border Gold Trade Between Australia And China

As China doesn't publicly disclose how much gold it imports, we have to combine the foreign trade statistics from all large gold exporting nations to figure out how much is flowing to China. The second largest gold producer in the world is Australia with an annual production of 270 tonnes, according the US Geological Survey. The majority of Australia’s mine output is... Continue Reading

The Chinese Gold Market Essentials Guide

Everything there is to know about the Chinese gold market and the true size of Chinese private and official gold demand. Start here. This post will guide you through all relevant articles that have been published on BullionStar Blogs over the years that elucidate the mechanics of the Chinese (domestic) gold market and genuine Chinese gold demand. If you are new to the... Continue Reading

Interview Koos Jansen By Lars Schall, November 2015

I was interviewed by Lars Schall on behalf of Matterhorn Asset Management, 4 November 2015. Please listen to the podcast below, or you can read the transcript provided with links for further reference. Wa talked about PBOC gold purchases, the London Bullion Market, The Shanghai Gold Exchange, the Silk Road Economic Project and much more! China is playing the gold game... Continue Reading

Interview Willem Middelkoop About The Big Reset

The very reason I became interested in gold after the financial crisis in 2008 was because of Dutch gold guru, author, journalist, entrepreneur, and fund manager Willem Middelkoop. When I started reading his books I was immediately obsessed with economics and the gold market - along with thousands of others across the world.  Who would have thought that I would become a... Continue Reading
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