09.02.2015 - China’s SGE January gold withdrawals record 255 tonnes
With another 53.7 tonnes of gold withdrawn from the SGE in the final week of January, Chinese gold demand appears to match almost exactly total global new mined gold supply. Global new mined gold supply approximately 3,100 tonnes a year or averaging 258 tonnes/month: Shanghai Gold Exchange (SGE) gold withdrawals in January 255 tonnes! The figures speak for themselves. Forget GFMS China gold consumption figures, we just don’t believe they are even close to reality. Forget the latest Reuters report on Chinese gold demand published here on Mineweb on Friday – it just quoted the same figures although it attributed them to another source...............................................Full Article: Source
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