Huge Shanghai Gold Off-Take is Serving Massive Domestic Demand

``... at this current pace of delivery, Shanghai is currently delivering each month the entire global mine supply. No wonder they were temporarily "out of stock" back in May! ... So where is all this gold going? ... I rang up Andrew Maguire [who said] ``Shanghai settles all that bullion each day to domestic wholesalers. That metal is then shipped off to Chinese dealers and refiners for domestic consumption." Me: "So wait a minute. You're telling me that public demand in China is currently soaking up 250 metric tonnes per month or nearly ALL of the publicly-reported global mine supply?" Andy: "Exactly."''