There were 48.86 tonnes of gold withdrawn from the Shanghai Gold Exchange for the week ending 27 November.
Year to date, there have been a record 2,362 tonnes of gold withdrawn, far in excess of any other year at this time.
What is the reason for this? Why is there such a strong movement in the ‘Silk Road’ countries to continue to buy gold in large volumes? What can the central banks of the West do about this?