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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Tag Archive: investment
Are Emerging Markets Still “A Thing”?
Last week I jumped on a call with an old friend Thomas Hugger who I hadn't spoken with in months. I recorded the call for your enjoyment but first a quick bit of background to Thomas. Thomas is a Swiss fund manager living and working in Asian frontier markets such as Vietnam, Bangladesh, and Cambodia, which is a bit like taking a Rolls Royce through the Gobi desert if you think about it.
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Switzerland GDP Q1 2016: +0.1 percent QoQ, +0.7 percent YoY
Q/Q GDP growth: +0.1%, YoY GDP growth: +0.7%.
Until 2014, Swiss GDP was driven by net exports: Exports were rising more quickly than imports, which improved GDP.
Positive change in the trade balance in goods: +8.1% YoY exports, +1.4% YoY imports in Q1/2016.
Negative change in the trade balance for services: export +2.0%, import +6.7% YoY
In 2015 and in Q1/2016 the main GDP drivers were consumption (+1.3% YoY in Q1/2016) and investment...
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Gross domestic product in the 1st quarter 2016
Switzerland’s real gross domestic product (GDP) grew by 0.1% in the 1st quarter of 2016.* GDP was underpinned by consumption expenditure from private households and investments in construction and equipment but curbed slightly by government consumption. On the production side, the picture was mixed: whilst financial services and the hotel and catering industry saw a decline, value added in manufacturing,
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The Best Contrarian Macro Investment: Russia?
We name thirteen macro-economic reasons why Russia is currently the best place for contrarian investments.
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