Interesting chart below that supports the notion of gold flowing towards the emerging economic powers in Asia, most of it from the West

Interesting chart below that supports the notion of gold flowing towards the emerging economic powers in Asia, most of it from the West. If we take the Swiss gold trade as a reference point for the gold market, we see a worldwide flow of gold towards Asia and the oil-producing countries in the Middle-East. When we combine the total trade volume between Switzerland and the rest of the world, it is possible to see a clear trend of gold moving from other continents towards the East. From January to May this year, a total volume of almost 550 tonnes of gold went from Switzerland to Asian countries. A significant volume of 33 tonnes of gold flowed from the Swiss vaults to the Middle-East region. All other countries were busy supplying Switzerland with the precious metal.


Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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