Koos Jansen
BullionStar Blogs

Koos Jansen

The Gold Price And Global Flows. The UK Net Imported 152 tonnes In June.

On a firmly rising gold price the UK is one of the largest net importers of gold in 2016. The gold price went up 25 % from $1,061.5 dollars per troy ounce on January 1 to $1,325.8 on June 31. Over this period the UK net imported 583 tonnes and GLD inventory mushroomed by 308 tonnes. In the month of June the UK gross imported 154.2 tonnes, up 22 % from May, and gross... Continue Reading

Australia Customs Department Confirms BullionStar’s Analysis On Gold Export To China.

Since 2015 I’ve stated the raw data published by the Australian Bureau of Statistics (ABS) on gold export to China mainland do not accurately reflect what is imported by China from the land of down under. In my previous post I’ve written Australia’s gold “export to China” should be adjusted by Hong Kong’s gold “import from Australia” as a substantial... Continue Reading

Venezuela Exported Another 12t Of its Official Gold Reserves To Switzerland In February

According to data released by the Swiss customs department on Tuesday, Venezuela has net exported 12 tonnes of gold to Switzerland in February 2016. In January Venezuela net exported 36 tonnes of gold to Switzerland, in total 48 tonnes was moved in the first two months of this year.  On 16 March 2016 BullionStar researcher Ronan Manly reported “Venezuela exported 12.5... Continue Reading

Kazakhstan & China Join Forces In Gold Market

Silk Road Gold Trading Kicks Off The other day I bumped into a small but potentially important news item on the website of the Shanghai Gold Exchange. The article was published in Mandarin, of course, as the Chinese (authorities) hardly ever publish valuable information in English – most articles published in English have been intentionally written to communicate what the... Continue Reading

SGE Confirms To Continue Publish Withdraw Data!

I’ve received written confirmation by the Shanghai Gold Exchange (SGE) delivery department that the Chinese Market Data Monthly Reports disclose the volume of physical gold withdrawn from SGE designated vaults. I’m thrilled to resume reporting these numbers and everything related to the Chinese gold market!  It’s advised to have read The Chinese Gold Market... Continue Reading

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

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
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