Chinese Gold Demand with Koos Jansen

On Thursday, Vaulters had a chance to interact with Chinese Gold Demand expert, Koos Jansen. The information shared by Koos was so interesting and informative that I felt it needed wider distribution.

In this 40-minute webinar, Koos discusses:

The methodology of calculating total Chinese demand
How China is acquiring and importing so much of the world's gold
What the ultimate goals and endgame of The Chinese might be

If you're not familiar with Koos' work, you should be. His website can be found here: https://www.ingoldwetrust.ch

Two recent articles that you should definitely read are here: https://www.ingoldwetrust.ch/shanghai-gold-exchange-physical-delivery-eq... and here: https://www.ingoldwetrust.ch/alex-stanczyk-physical-supply-never-been-ti...

Again, every Thursday, subscribers participate on what we call "Access2Access". These programs are hosted on the GoToWebinar format so that the listeners have the opportunity to pose the questions. Recent guests have included G. Edward Griffin, Alasdair Macleod and Jim Willie. It's all just a part of what Vaulters receive for their $10/month Vault subscription fee. More info can be found here: https://www.tfmetalsreport.com/subscribe

52 Comments

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@KoosJansen

Jan 15, 2014 - 4:33am

Silver

I would like to correct a statement I made in the interview.

In the interview I have stated China imported 10,000 tons of silver in 2013. I got this from a source in the mainland. After double checking the information I wasn't able to confirm this number. What I did found was that China's silver supply (including domestic mining) was 10,000 tons. Maybe that's where the misunderstanding was born.

China's silver import numbers are publicly available, if you are willing to pay the customs department..

flyinkel

Jan 14, 2014 - 7:30pm

Heads up on JW above

Definitely worth the listen.

Galearis

Jan 13, 2014 - 1:18pm

@ Unholy Daliance Re Jim Willie

Jim Willie-This Year-Currency Explosion

This is Jim Willie's latest rant where he states what he thinks of the price of COMEX bullion paper....I agree with him - and he also maintains the "deliveryless" contract has been reality for all of 2013. Except for JPM....

And that the COMEX has no gold left....(Who knows?!)

There is lots of "news" herein and even more opinion. Note that Jim says the LBMA off take of gold has been 1000 tonnes per month for the past 18 months. I have been following these markets for over 15 years and according to GATA (back then) the E.U. central banks had only 30,000 tonnes of gold. With (if memory serves) five years or so half of this was gone according to GATA. Just saying,...

Just trying to keep modern in my thinking...(grin) It is difficult for old curmudgeon like me to wade through a lot of new concepts,...

FWIW,

PaPaSpeedGalearis

Jan 12, 2014 - 10:17pm

Re Harvey @ Galearis

Thanks for the response and insight. You never know who to believe on this interweb. It seem s that no matter who it is there is always some motive for posting. Perhaps that's why YELP must disclose their sources, you just never know. The web could be a great source of information, but disinformation seems to have taken over, therefore, skepticism is in order for all informational outlets.

I’ll be reading Harvey to see what the final disposition of Decembers gold is. It seems as if the banks are running short for dealer deliveries, but they always have a rabbit in their hat. We even hear of all the gold leaving the GLD going to Shanghai never to return, then we read a few paragraphs later that there is no gold in the GLD. Well then, how could it leave? We’ll eventually see how it all works out and it is my hope that the metals will someday be free to move in an unrestricted market. But, until then, stay vigilant.

ButchCassidy

Jan 12, 2014 - 7:10pm

Thanks for the courtesy Turd.

Jan 12, 2014 - 4:58pm

@ Unholy Daliance - a new modern up to date concept,...

I should have speculated on another scenario - just so we can all see that I too can update my views according to monetary and geo-political events - as time moves on. Note that this too is a reasonable speculation given the declining circumstances for the USD and its importance to the American Empire:

The present controlling interests of the US government issue a threat to China that should they consider opening the mint to gold that the United States would strongly consider using the nuclear option as a means of discouragement.

Historically, the United States has threatened use of the nuclear option at least eight times since the Second World War. This statement, however, is only up to date up to the early 1970s. This is why 17% of Canadians and even 13% of American citizens consider the United States government as THE serious threat to world peace.

Quite candidly I can state that I have never been more frightened about a Third World War than I am right now and I am quite convinced that the United States is very prepared to start it...

GalearisUnholy Dalliance

Jan 12, 2014 - 2:23pm

@ Unholy Daliance

Issues a new currency? And that isn't an old idea? Your idea describes a huge currency default on the old dollar and a shut down of the gold and silver markets worldwide. But what it would do to the Western financial system would be even more biblical. That event has been relegated to a very unlikely scenario for resolution by the PTB for years. EVERYONE on the planet would scramble for bullion.

And it would instantly be withdrawn for sale!

For example: Canada's dollar is some 40% backed by the USD (reserves in the BOC). Can you see what the ripple effect would be here and elsewhere on the globe when suddenly the world reserve currency was rendered worthless or at some arbitrary exchange fraction?

The thing is that I AM talking about the old problem for the management of this crisis, but the options for solution have not changed. Official default or hyperinflation are the options.

Incidentally, Jim Willie believes as I do. The paper markets will die - must die for the price to rise. He doesn't even watch them anymore. That is fact and he does not agree with Turd about the fortunes of paper gold and paper silver.

Why does he say this? For the same reason as I do: in inflation adjusted terms there is no gold bull market. And I can assure you that very few actually understand this either....And that too is old hat for me. Hopefully some of the readers here will think along those lines and buy accordingly as a new concept for them.

Regards,

GalearisPaPaSpeed

Jan 12, 2014 - 1:05pm

Re Harvey Organ @ PaPaSpeed

Some years ago Harvey had a wee peek into the Toronto ScotiaMocatta vaults and declared to the world that the bank did not have the bullion it said it did.

But then again, the bank didn't open all the vaults and allow him a full access peek.

He rightfully could have been sued by the bank for his allegations - which were not reliable under those circumstances.

So like anyone (including me) we should all be careful who we believe unless statements can be backed up or are credible (logical) by other means. Keep the salt shaker handy.

Note that if he said something about bullion shortages today, it would be possibly be more logical than when he came out with those statements years ago...We are all prone to being somewhat receptive of hearsay. I have heard that Scotia Mocatta may have to deal with a big bullion purchase by a deep pocketed group. That may have begun this week. But it is still hearsay....And not reliable unless a source is revealed. We should be used to this by now....So that is a FWIW and of interest but only to put the bank on the watch list for delivery draw downs.

Have there been shortages in bullion in the Toronto Scotia Mocatta vaults in gold or silver? Sure, they have hung signs on their front doors saying they had shortages of metal. A relative purchased a sizeable quantity of 100 oz silver bars from the bank - some six years or so ago - and the bank had to substitute 50 ozers at no additional premium. The bank took a loss as a result...But the bullion delivery was made...So yes, the bank has had some hard times. All just blips on the continuum to rising problems in the system. And I emphasize that this happened years ago....

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Unholy DallianceGalearis

Jan 12, 2014 - 12:08pm

Hmmmm and Hmmmm?

@ the person who mentioned Ed Steer

Except, what if, in the not too distant future, the US Gov't. announces that the FRS is insolvent and a new currency will be issued from then on by the US Treasury itself. Then what happens to the POG and the PoS? Hmmm?

Your analysis relies too heavily (far too heavily) on an outdated paradigm which insists that nothing can ever change. You should read and re-read what Jim Willie has been writing for the past year AT LEAST! He is quite open about the kind of changes which are about to occur. I wish I had a nice snappy aphorism for this but in the absence of one I will coin something myself. How about: 'old thinking crap, new thinking sweet!' It sounds as if it fell from the lips of our dear Turd himself. Well, maybe not, but I hope you get the point. Don't rely on an outmoded status quo as your term of reference for the reality you perceive around you and of which you are a part. Status quos have an odd habit of becoming ex-status quos.

In other words, nothing stays the same forever even though there are those who will always try to persuade people that they will (stay as they are forever).

silver66Boswell

Jan 12, 2014 - 12:07pm