Relevant:
- Gold Deliveries From Shanghai Bourse Jump on Physical Demand
- Shanghai Gold Trade Passes Record as China Seeks More Sway
- Buy while the price of gold is still supressed - Levenstein
- Russia, Kazakhstan, Turkey Continued to Add Gold
- Gold Imports by China Soar Almost Fivefold as Inflation Spurs Investment
2013-06-01 — kingworldnews.com
``I decided to do a comparison of Shanghai premiums to what happens to the GLD. Pretty well any time that the Shanghai premiums go up, the GLD inventory starts declining. GLD has lost about 300 tons of gold, which is a lot of tons of gold when you figure that the miners, ex-China, ex-Russia, only produce 2,200 tons of gold. This was 300 tons in the first four months of the year. ''
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