Koos Jansen
BullionStar Blogs

Koos Jansen

Largest Ever Chinese Gold Deposit Has Been Found 2,000m Undersea In Shandong

The largest ever gold deposit in China has been found in the East China Sea, near the Sanshan Islands in the Shandong province, at a depth of 2,000 meters, the People's Daily Online reported on Tuesday. The Shandong Provincial No. 3 Institute of Geological and Mineral Survey announced on Monday the massive gold deposit in the sea near the city of Laizhou holds 470.47 tonnes... Continue Reading

COMEX Deliveries vs SGE Withdrawals

Withdrawals from the vaults of the Shanghai Gold Exchange, a number by which we can measure Chinese wholesale gold demand, accounted for 47 tonnes in week 42 (26 – 30 October 2015). Strangely, this is a weak number if we compare it to the rest of this year. Still, 47 tonnes of gold equals 47,000 one-kilogram bars, or 3,760 London Good Delivery bars - withdrawn from the... Continue Reading

The Official Chinese Gold Trade Rules By The PBOC

Readers can download the original Chinese Measures for the Import and Export of Gold and Gold Products from the People's Bank Of China (PBOC) here. Be advised the Measures for the Import and Export of Gold and Gold Products can be confusing if not connected to Chinese trade rules in general. In the translation below reference is being made to: Annex 1, Import and... Continue Reading

Why Austria Is Repatriating Gold From London

At the LBMA conference in Vienna, which was held from 18 – 20 October 2015, the Executive Director of the Austrian central bank, Peter Mooslechner, was interviewed by Editor-in-Chief for Kitco News, Daniele Cambone. You can watch the interview here. This particular interview is interesting because the central banker from Austria made some exceptional remarks about... Continue Reading

Russia’s VTB Bank Joins As SGE Member. Chinese Direct Gold Imports Increase

Another strong week for gold demand at the Shanghai Gold Exchange - China’s main physical gold bourse. From 19 until 23 October 57 tonnes have been withdrawn from the vaults of the Shanghai Gold Exchange (SGE), according to data released on Friday by the SGE. Year to date 2,119 tonnes have been withdrawn. With a little over two months left in 2015 SGE withdrawals, which... Continue Reading

SGE Withdrawals At Record High 1,958t YTD

Year to date withdrawals from the vaults of the Shanghai Gold Exchange (SGE) came in at a staggering 1,958 tonnes on 25 September 2015 - a record high - according to data released by the SGE on Friday. In week 38, which runs from 21 September until 25 September, 66 tonnes of gold were withdrawn from the vaults. The weak price of gold throughout 2015 and the crashing Chinese... Continue Reading

How Much Gold Is China Importing And Does It Still Correlates to SGE Withdrawals?

We have some catching up to do in terms of discussing Chinese gold import in H1 2015 and how this relates to withdrawals from Shanghai Gold Exchange (SGE) vaults. For this post it’s advised you've read The Mechanics Of The Chinese Domestic Gold Market to have a basic understanding of the physical gold supply and demand flows through the Shanghai Gold Exchange within the... Continue Reading

The Chinese Gold market: Lost In Translation

There are a few analyses making rounds on the internet about gold owned by the People’s Bank Of China (PBOC). I’m always interested in these analyses, as I like to be aware of all knowledge available on this subject, but I rarely agree with them. The big questions that remain in the gold space are, (i) how much gold does the PBOC truly have, (ii) how and where is this... Continue Reading

Guest Post: 47 years after 1968, Bundesbank STILL fails to deliver a gold bar number list

Written by Peter Boehringer, initiator of the German campaign “Repatriate our Gold”. Frequent followers of the German public campaign "Repatriate our Gold“ already know how intensively we have been struggling since 2011 (and longer) with Deutsche Bundesbank to finally – after more than 50 years of external storage of Germany's gold – get credible transparency... Continue Reading

The Real Reason Belgium Sold 1,098 Tonnes Of Gold

Belgium sold 1,098 tonnes of its official gold reserves since 1978.  For our global investigation how much physical gold central banks have stored at what location and how much is leased out, I decided to submit the local equivalent of a Freedom Of Information Act (FOIA) request at the central bank of Belgium, de Nationale Bank van België (NBB), to obtain information... Continue Reading

German Central Bank Publishes Gold Bar List

The central bank of Germany, the Bundesbank, has published the bar list of all German official gold reserves stored in Frankfurt am Main, London, Paris and New York. The list contains the bar numbers, melt or inventory numbers, the gross and fine weight as well as the fineness of the gold. German official gold reserves account for 3,384 tonnes and is the second largest after... Continue Reading

Chinese And Russian Central Bank Continue To Add Gold To Official Reserves: 16 & 31 Tonnes In August

The People’s Bank Of China (PBOC) has added 16 tonnes of gold to its official reserves now totalling 1,694 tonnes in August 2015. The gain in August is the third monthly increment in a row after a period of silence by the PBOC since 2009. The change in reporting, the amounts reported and the fact the gold is mark-to-market is a clear sign of a strategy not merely aimed at... Continue Reading

Swiss Competition Commission investigates UBS and JuliusBaer on possible collusion in PM trading

Originally published at the portal of the Swiss government (translated by Markus M. Muller): The Swiss Competition Commission has started a investigation against the two Swiss Banks UBS and Julius Baer plus the foreign financial institutions Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui. The Commission has gained possible evidence, that the banks may have... Continue Reading

The London Float And PBOC Gold Purchases

Did the PBOC covertly buy 1,747 tonnes of gold in London? This BullionStar blogpost is part of a chronological storyline. Please make sure you’ve read The Mechanics Of The Chinese Domestic Gold Market, PBOC Gold Purchases: Separating Facts from Speculation and The London Bullion Market And International Gold Trade, or it will be difficult to understand... Continue Reading
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