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Shanghai Gold Exchange Has 49 Tonnes of Gold Withdrawn the Week Ending 27 November

Shanghai Gold Exchange Has 49 Tonnes of Gold Withdrawn the Week Ending 27 November

By Jesse:

There were 48.86 tonnes of gold withdrawn from the Shanghai Gold Exchange for the week ending 27 November.

Year to date, there have been a record 2,362 tonnes of gold withdrawn, far in excess of any other year at this time.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?

Continue reading here…

Post source : http://investmentwatchblog.com/shanghai-gold-exchange-has-49-tonnes-of-gold-withdrawn-the-week-ending-27-november/

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