Category Archive: 6a.) Koos Jansen (Bullionstar)

Koos Jansen is a Precious Metals Analyst from the Netherlands. Koos mainly provides unique insights about the Chinese gold market.

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Koos Jansen Becomes The Gold Observer

2020-12-11

by Koos Jansen

Please visit my new website The Gold Observer at https://thegoldobserver.substack.com/ You can also follow me on Twitter at https://twitter.com/JanGold_ Kind regards, Jan Nieuwenhuijs

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China’s Secret Gold Supplier Is Singapore

2018-04-11

by Koos Jansen

2018-04-11

Since 2013 China continues to absorb physical gold from the rest of the world at a staggering pace. Worth noting is that gold imported into the Chinese domestic market is not allowed to be returned in the foreseeable future. Because ownership and the disposition of these volumes of gold likely will be of great importance next time around the international monetary system is under stress, it’s well worth tracking China’s progress of imports –...

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China Gold Import Jan-Sep 777t. Who’s Supplying?

2017-11-14

by Koos Jansen

2017-11-14

Gold Supply and Demand Data, 2013 - Q3 2017

While the gold price is slowly crawling upward in the shadow of the current cryptocurrency boom, China continues to import huge tonnages of yellow metal. As usual, Chinese investors bought on the price dips in the past quarters, steadfastly accumulating for a rainy day.

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The Gold-Backed-Oil-Yuan Futures Contract Myth

2017-10-16

by Koos Jansen

2017-10-16

Share of Global Payments, Oct 2010 - Jul 2017

On September 1, 2017, the Nikkei Asian Review published an article titled, “China sees new world order with oil benchmark backed by gold”, written by Damon Evans. Just below the headline in the introduction it states, “China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry”. Not long after the Nikkei piece was released ‘the story’ was...

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Estimated Chinese Gold Reserves Surpass 20,000t

2017-08-02

by Koos Jansen

2017-08-02

Shanghai Gold Exchange Vaults, Jan 2009 - June 2017

My best estimate as of June 2017 with respect to total above ground gold reserves within the Chinese domestic market is 20,193 tonnes. The majority of these reserves are held by the citizenry, an estimated 16,193 tonnes; the residual 4,000 tonnes, which is a speculative yet conservative estimate, is held by the Chinese central bank the People’s Bank of China.

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Did The Dutch Central Bank Lie About Its Gold Bar List?

2017-07-25

by Koos Jansen

2017-07-25

The-Netherlands-Official-Gold-Reserves-Locations

Head of the Financial Markets Division of the Dutch central bank, Aerdt Houben, stated in an interview for newspaper Het Financieele Dagblad published in October 2016 that releasing a bar list of the Dutch official gold reserves “would cost hundreds of thousands of euros”. In this post we’ll expose this is virtually impossible – the costs to publish the bar list should be close to zero – and speculate about the far reaching implications of this...

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US Mint Releases New Fort Knox “Audit Documentation” The First Critical Observations.

2017-02-27

by Koos Jansen

2017-02-27

In response to a FOIA request the US Mint has finally released reports drafted from 1993 through 2008 related to the physical audits of the US official gold reserves. However, the documents released are incomplete and reveal the audit procedures have not been executed proficiently. Moreover, because the Mint could not honor its promises in full the costs ($3,144.96 US dollars) of the FOIA request have been refunded.

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China Net Imported 1,300t Of Gold In 2016

2017-02-15

by Koos Jansen

2017-02-15

Hong Kong - China gold Trade Jan 2011 - Nov 2016

For 2016 international merchandise trade statistics point out China has net imported roughly 1,300 tonnes of gold, down 17 % from 2015. The importance of measuring gold imports into the Chinese domestic gold market – which are prohibited from being exported – is to come to the best understanding on the division of above ground reserves in and outside the Chinese domestic market.

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How The West Has Been Selling Gold Into A Black Hole

2017-01-21

by Koos Jansen

2017-01-21

Monthly Gold Withdrawn From Shanghai Gold Exchange Vaults vs Gold Price

In December 2016 Chinese wholesale gold demand, measured by withdrawals from the vaults of the Shanghai Gold Exchange (SGE), accounted for 196 tonnes, down 9 % from November. December was still a strong month for SGE withdrawals due to the fact the gold price trended lower before briefly spiking at the end of the month, and the Chinese prefer to buy gold when the price declines (see exhibit 1).

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Gold In London And Hong Kong Is Used To Settle COMEX Futures

2016-12-08

by Koos Jansen

2016-12-08

Physical gold located in Hong Kong and London is used to settle COMEX gold futures contracts through “Exchange For Physical” trading in the over-the-counter market. This post is a sequel to Understanding GOFO And The Gold Wholesale Market and COMEX Gold Futures Can Be Settled Directly With Eligible Inventory - in which Exchange For Physical (EFP) trading is explained and how it can increase or decrease open interest at the COMEX.

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Q1 – Q3 2016 China Net Gold Import Hits 905 Tonnes

2016-11-28

by Koos Jansen

2016-11-28

Shanghai Gold Exchange SGE Withdrawals September 2016

Withdrawals from the vaults of the Shanghai Gold Exchange, which can be used as a proxy for Chinese wholesale gold demand, reached 1,406 tonnes in the first three quarters of 2016. Supply that went through the central bourse consisted of at least 905 tonnes imported gold, roughly 335 tonnes of domestic mine output, and 166 tonnes in scrap supply and other flows recycled through the exchange.

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Central Bank Austria Claims To Have Audited Gold at BOE. Refuses To Release Audit Report

2016-10-27

by Koos Jansen

2016-10-27

After years of gradually securing its official gold reserves (unwinding leases) the central bank of Austria claims to have completed the audits of its 224 tonnes of gold stored at the BOE. However, it refuses to publish the audit reports and the gold bar list. What could possibly be so sensitive to hide from public eyes?

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The Great Physical Gold Supply & Demand Illusion

2016-10-21

by Koos Jansen

2016-10-21

Numerous consultancy firms around the world, for example Thomson Reuters GFMS, Metals Focus, the World Gold Council and CPM Group, provide physical gold supply and demand statistics, accompanied by an analysis of these statistics in relation to the price of gold. As part of their analysis the firms present supply and demand balances that show how much gold is sold and bought globally, subdivided in several categories. It’s widely assumed these...

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Spectacular Chinese Gold Demand Fully Denied By GFMS And Mainstream Media

2016-08-18

by Koos Jansen

2016-08-18

In the Gold Survey 2016 report by GFMS that covers the global gold market for calendar year 2015 Chinese gold consumption was assessed at 867 tonnes. As Chinese wholesale demand, measured by withdrawals from Shanghai Gold Exchange designated vaults, accounted for 2,596 tonnes in 2015 the difference reached an extraordinary peak for the year.

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UK Imported Net 152 Tonnes of Gold in June, 68 from Switzerland

2016-08-16

by Koos Jansen

2016-08-16

On a firmly rising gold price the UK is one of the largest net importers of gold in 2016. The gold price went up 25 % from $1,061.5 dollars per troy ounce on January 1 to $1,325.8 on June 31. Over this period the UK net imported 583 tonnes and GLD inventory mushroomed by 308 tonnes.

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Chinese Gold Demand 973 tonnes in H1 2016, Nomura SGE Withdrawals Chart False

2016-07-08

by Koos Jansen

2016-07-08

Chinese wholesale gold demand, as measured by withdrawals from the vaults of the Shanghai Gold Exchange (SGE), reached a sizable 973 metric tonnes in the first half of 2016, down 7 % compared to last year.

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Interview Koos Jansen By Lars Schall November 2015

2015-12-16

by Koos Jansen

Mainly about the Chinese gold market, PBOC gold purchases, European gold repatriations, the Turkish and the Indian gold market. Read more on www.bullionstar.com

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