Shanghai Gold Exchange 54.2 Tonnes of Bullion Withdrawn - Total More Than All Official Gold of US

During the latest week there were 54.2 tonnes of gold withdrawn from the Shanghai Gold Exchange.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So it does seem that since 2009 more gold has been withdrawn from the Shanghai Exchange than is in all the official holdings, vaults, forts, mints and Federal Reserve Banks of the United States.

Related: Why Shanghai Gold Withdrawals Equal Chinese Gold Demand

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").