I spent a few days in Dubai last week conducting field research speaking to jewellers and bullion dealers as well attending the Dubai Precious Metals Conference.
In March the amount of gold that left Shanghai Gold Exchange vaults - also known as the SGE loadouts - hit 218t. This is a chunky number. It is the highest March on record, almost 30% higher than the average monthly loadout since the start of 2016 and a 13% increase on March 2018.
Central bank statistics for February 2019 are now published. You can read a summary of the key findings here.
Quick summary of some recent consumer research of retail investors across Turkey, Saudi Arabia, United Arab Emirates and Malaysia
Gold: This is a positive development in that good quality Indian refineries will have an Indian good delivery gold standard. I'll be interested to see how the standard differs from the LBMA (bar size & throughput, I'm guessing).https://t.co/4eDQLUPUV0
#Gold: Languishing around $1284/oz this morning following the correction from its recent highs.
(short thread) https://t.co/p2f5TIHxPW
Week ending 1 March 2019
In a largely #cashless society, there will still be a need to store wealth, have privacy and carry out transactions between parties who don’t trust one another. Leading economist @krogoff believes gold fills that role. More in our latest #GoldInvestor: https://t.co/6xsfipO0zL https://t.co/KJicu5lbOx