Nick Marsh

speaker
847 appearances 17 recordings 4 series first heard Dec 2025 last heard 17 Jun

Nick Marsh’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
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Recordings per month over the last 12 months — 17 in all, peaking in Mar 2026 with 4.

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and also central banks.
I mean, the China Central Bank has been buying so much gold bullion for its reserves.
Lots of Chinese private investors have been doing the same.
And it's important to keep it in perspective.
An ounce of gold today is still worth more than double what it was two years ago, this time two years ago.
So in the main, gold has really increased a huge amount.
It's just now we are seeing a
a pretty sharp drop, but nowhere near enough to wipe the gains that it's made over the last two years.
So if you're going to ask me for a prediction as to what's going to happen after this, I think I'm going to have to politely decline, Nick.
I'm sorry.
Hi William. matched
Yeah, they certainly will. matched
5% is one of the slowest rates of growth that China has seen in a long, long time. matched
We're used to spectacular growth from this very fast-growing economy. matched
But you compare it to the 1%, 2% rates of growth, if that, that we see in most developed Western democracies, and it suddenly looks really, really big, doesn't it? matched
Another reason that China's government will be happy with these figures is basically the year that China had last year, when you think about the Trump administration's campaign of tariffs, of tariff threats, of trade tensions, and so on. matched
And in the face of all of that, Chinese exports still continued to explode. matched
They announced a matched
trade surplus of $1.2 trillion last week, $1.2 trillion more goods and services sold than were imported in China. matched
So yes, trade with the United States was down, but China found customers in places like Southeast Asia, Latin America, and Africa to sell to. matched
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