26 June 2015

Shanghai Gold Exchange 54.2 Tonnes of Bullion Withdrawn - Total More Than All Official Gold of US

During the latest week there were 54.2 tonnes of gold withdrawn from the Shanghai Gold Exchange.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So it does seem that since 2009 more gold has been withdrawn from the Shanghai Exchange than is in all the official holdings, vaults, forts, mints and Federal Reserve Banks of the United States.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
May 31, 2015

SummaryFine Troy OuncesBook Value
Gold Bullion258,641,878.074$10,920,429,098.79
Gold Coins, Blanks, Miscellaneous2,857,048.156120,630,858.67
Mint-Held Gold - Deep Storage   
  Denver, CO43,853,707.2791,851,599,995.81
  Fort Knox, KY147,341,858.3826,221,097,412.78
  West Point, NY54,067,331.3792,282,841,677.17
Subtotal - Deep Storage Gold245,262,897.04010,355,539,085.76
Mint-Held Treasury Gold - Working Stock   
  All locations - Coins, blanks, miscellaneous 2,783,218.656117,513,614.74
Subtotal - Working Stock Gold 2,783,218.656117,513,614.74
Grand Total - Mint-Held Gold248,046,115.69610,473,052,700.50
Federal Reserve Bank-Held Gold  
Gold Bullion:  
  Federal Reserve Banks - NY Vault13,376,987.715564,805,850.63
  Federal Reserve Banks - display1,993.31984,162.40
Subtotal - Gold Bullion13,378,981.034564,890,013.03
Gold Coins:  
  Federal Reserve Banks - NY Vault73,452.0663,101,307.82
  Federal Reserve Banks - display377.43415,936.11
Subtotal - Gold Coins73,829.5003,117,243.93
Total - Federal Reserve Bank-Held Gold13,452,810.534568,007,256.96
Total - Treasury-Owned Gold261,498,926.230$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").