Shanghai Gold Exchange 54.2 Tonnes Of Bullion Withdrawn - Total More Than All Official Gold Of US

Since the beginning of 2009 there have been 9,030 tonnes of gold taken out of the Shanghai Exchange into China. That is more than 290,320,000 troy ounces of fine gold in bars.

During the latest week there were 54.2 tonnes of gold withdrawn from the Shanghai Gold Exchange.

Since the beginning of 2009 there have been 9,030 tonnes of gold taken out of the Shanghai Exchange into China.   

That is more than 290,320,000 troy ounces of fine gold in bars.

Just for the sake of comparison, as shown in the last chart below, the total official holdings of the United States are about 261,498,926 ounces of gold.

So it does seem that since 2009 more gold has been withdrawn from the Shanghai Exchange than is in all the official holdings, vaults, forts, mints and Federal Reserve Banks of the United States.
 

CURRENT REPORT: MAY 31, 2015

Department of the Treasury
Bureau of the Fiscal Service
STATUS REPORT OF U.S. TREASURY-OWNED GOLD
May 31, 2015

Summary Fine Troy Ounces Book Value
     
Gold Bullion 258,641,878.074 $10,920,429,098.79
Gold Coins, Blanks, Miscellaneous 2,857,048.156 120,630,858.67
     
Total 261,498,926.230 11,041,059,957.46
     
Mint-Held Gold - Deep Storage    
     
  Denver, CO 43,853,707.279 1,851,599,995.81
  Fort Knox, KY 147,341,858.382 6,221,097,412.78
  West Point, NY 54,067,331.379 2,282,841,677.17
Subtotal - Deep Storage Gold 245,262,897.040 10,355,539,085.76
     
Mint-Held Treasury Gold - Working Stock    
  All locations - Coins, blanks, miscellaneous 2,783,218.656 117,513,614.74
Subtotal - Working Stock Gold 2,783,218.656 117,513,614.74
     
Grand Total - Mint-Held Gold 248,046,115.696 10,473,052,700.50
     
Federal Reserve Bank-Held Gold    
     
Gold Bullion:    
  Federal Reserve Banks - NY Vault 13,376,987.715 564,805,850.63
  Federal Reserve Banks - display 1,993.319 84,162.40
Subtotal - Gold Bullion 13,378,981.034 564,890,013.03
     
Gold Coins:    
  Federal Reserve Banks - NY Vault 73,452.066 3,101,307.82
  Federal Reserve Banks - display 377.434 15,936.11
Subtotal - Gold Coins 73,829.500 3,117,243.93
     
Total - Federal Reserve Bank-Held Gold 13,452,810.534 568,007,256.96
     
Total - Treasury-Owned Gold 261,498,926.230 $11,041,059,957.46
     

Deep Storage: That portion of the U.S.Government-owned Gold Bullion Reserve which the Mint securesin sealed vaults that are examined annually by the Treasury Department's Office of the Inspector General.

Deep-Storage gold comprises the vast majority of the Reserve and consists primarily of gold bars. (Formerly called "Bullion Reserve" or "Custodial Gold Bullion Reserve").

Working Stock: That portion of the U.S. Government-owned Gold Bullion Reserve which the Mint uses as the raw material for minting Congresssionally authorized coins. 

Working-Stock gold comprises only about 1 percent of the Reserve and consists of bars, blanks, unsold coins, and condemned coins. (Formerly listed as individual coins and blanks or called "PEF Gold").

None.

STOCKS IN THIS ARTICLE

Comments