What Happened To The Shanghai International Gold Exchange?
By GCRU Gold News on Monday, November 30 2015, 23:03 - Permalink
Given elevated SGE withdrawals and continued weakness in the gold price it looks like the Chinese population is buying the dips. The Chinese central bank (PBOC) is likely doing the same, but not through the SGE. The PBOC does its monetary gold purchases in the international OTC gold market – for example, in London or Hong Kong.