Shanghai Gold Exchange Physical Delivery vs Mining vs Import
- 29 Sep 2013 21:41
- Koos Jansen
In the first seven months of this year total physical gold withdrawn from the 49 vaults of the Shanghai Gold Exchange was 1333 tons. Chinese domestic mining in this period was 231 tons and net import through Hong Kong 607 tons. Scrap supply couldn’t have been more that 150 tons, which means 345 tons had to be imported through other ports than Hong Kong.