Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Give Back Fridayís Gains
By: Chris Mullen, Gold Seeker Report

Operation Twist By Another Name and Method?
By: Gary Tanashian

SWOT Analysis: Gold Bounced Back After Attempts to Knock Down Price
By: Frank Holmes

Hyperinflation in Zimbabwe Ė Itís back, but maybe not for long
By: JP Koning

Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape
By: John Rubino

Inflation and Counterfeit Credit
By: Keith Weiner

Gold's Interesting Day
By: Rick Ackerman

Two Scenarios, One Strategy
By: Gary Savage

Zinc One Files a Technical Report on Scotia Property
By: Zinc One Resources Inc.

Money and Markets Infographic Shows Silver Most Undervalued Asset
By: GoldCore

 
Search

GoldSeek Web

 
Presentation Koos Jansen At Scotiabank


 -- Published: Wednesday, 27 January 2016 | Print  | Disqus 

By Koos Jansen

https://www.bullionstar.com/

I was invited by Scotiabank to speak about Chinese gold demand at their commodities outlook conference on 12 January 2016 in Toronto. Of course I was thrilled to come over and share what Iíve been studying for the past years Ė thanks again Scotiabank for inviting me!

In my 20-minute presentation I could clearly explain why I think Chinese gold demand is not what mainstream consultancy firms (GFMS, WGC, Metals Focus, CPM Group) would like you to believe. While I was there I also took the opportunity to talk to Jeffrey Christian, who was speaking right before me on conference day. Mr Christian is a Managing Partner of CPM Group, which is one of the consultancy firms whose Chinese gold demand statistics Iíve fiercely disputed over the years.

Previously, in 2014, me and Mr Christian have debated the subject of Chinese gold demand on these very pages. After I wrote CPM Group an open letter in response to their Market Alert, now sadly offline, Mr Christian took the time to debate me in the comment section of my blog. In my opinion this is how it should be, open debate between the mainstream firms and us the independent gold researchers. Mr Christian showed to be a good sport by discussing our differences.

In Toronto we could briefly resume talking about our differences offstage. We didnít agree, naturally, but it was valuable to hear some of his arguments Ė thatís what fuels debate and incentivizes me to investigate certain segment of the gold market more thoroughly. On stage I was pleased to able to present my view on Chinese gold demand right after his.

Scotiabank koos jansen gold china sge

In a nutshell Mr Christian stated Chinese gold demand was roughly 933 tonnes (30 million ounces) in 2015, while I stated it was more like 2,000 tonnes, as China has imported roughly 1,400 tonnes, mined 450 tonnes and scrap was likely more than 150 tonnes for the year (the details about all data from 2015 will be published shorty).

Screen Shot 2016-01-27 at 12.56.16 pm

Courtesy Jeffrey Christian CPM Group.

Unfortunately the recording of my presentation is not allowed by Scotiabank to be republished on YouTube. So what I did is re-record the presentation. Below you can find the video, my voice in combination with the slides, which turned out to be a concise analysis of the Chinese gold market. The first part is about Chinese private gold demand and the structure of the Chinese domestic gold market. In the second part I speculate about purchases from Chinaís central bank that have to be added to Chinese private gold demand, according to my analysis.

Click here to download the slides in PDF format, or watch the video below.

Koos Jansen
E-mail Koos Jansen on: koos.jansen@bullionstar.com


| Digg This Article
 -- Published: Wednesday, 27 January 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.