Commodity Trade Mantra

Posts Tagged ‘Leased Gold’

Chinese Gold Financing Deals Explained

Chinese gold financing deals are processed in a different way compared with copper financing deals, though both are aimed at facilitating low cost foreign capital inflow to China. Specifically, gold financing deals involve the physical import of gold and export of gold semi-fabricated products to bring the FX into China.

Dramatic Increase in Gold Flows into China

Dr. Keith Barron: “I believe that most of the Western world’s gold, which is supposed to be in central bank vaults, has been leased out. Much of it is now in private hands in India, and what remains continues going East to China and other Asian vaults. So most of the Western gold has vanished from the vaults, and it’s now just a book entry.”

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