Commodity Trade Mantra

Posts Tagged ‘SGE Gold Premiums’

Chinese Real Estate Debt Settled In Silver, SGE Premium 5.7 %

Gold and silver, which have high market liquidity, are being used by the Chinese for settling debts & as a currency. Gold can be exchanged for cars and silver for houses. This means either the debt is actually worth less than half it’s value, or silver is actually worth more than double it’s value.

Chinese Gold Demand 418 Tonnes YTD, West Confused

In the West there’s still confusion about Chinese gold demand. Banks are trying to figure out how in 2013 China imported 1158 mt through Hong Kong & a few hundred metric tons through other ports, mined 428 mt domestically, while demand according to World Gold Council was just 1066 tons.

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