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Thread: The Shanghai Gold Exchange Continues To Deliver Massive Amounts of Physical Gold

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    The Shanghai Gold Exchange Continues To Deliver Massive Amounts of Physical Gold

    The Shanghai Gold Exchange continues to deliver massive amounts of physical gold. Withdrawals from the SGE were 44 tons for the week ended March 6 2015.
    To date the Shanghai Gold Exchange has delivered over 457 tons which is greater than China's annual mining production, the largest in the world.

    https://smaulgld.com/shanghai-gold-e...e-withdrawals/



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    Yeah, China seems to be encouraging their citizens to own gold & the citizens are doing just that. It remains to be seen exactly why the Chinese government is doing this but they have likely sensed that there are likely going to be major changes in the global economy in the years & decades to come & they probably want to be ahead in the game.......
    There is enormous inertia — a tyranny of the status quo — in private and especially governmental arrangements. Only a crisis — actual or perceived — produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes politically inevitable
    - Milton Friedman



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