A century ago the United States has by far the biggest stockpile with an estimated 350000000000. 00 but russias holdings of quadrupled over the last decade the jewelry industry uses about 2000 tonnes of gold every year worth around 85000000000. 00 but its people in india that have believed to hold the most gold estimated to be worth around 1. 00 trillion dollars so is that extra demand for gold or is this just investors seeking a safe haven to find out were joined via skype by gavin wendt gavin is the founding director and senior resource analyst at sydney based mine life good to have you with us gavin so whats behind golds recent rally well weve seen a number of factors that conspire exactly the right time. Dr gold. There have been some. Recent factors. I guess related to things in the last week for example related to u. S. Interest rate caps trade issues uncertain day with respect to britain and iran an ongoing Economic Council. But we can actually trace goals i guess. Strong momentu
To balance surgery when i went to investigate the chinese battle to get in shape on al jazeera. Hello im adrian for the get this is counting the cost analysis here your weekly look at the world of business and economics this week on patrol off the coast of west africa nations step up their naval presence to counter the scourge of piracy and hostage taking. After 6 years of treading water gold prices are on the rise we find out whats behind the move. And ill tell you what a great impress record morning on production rather than import. A decade ago no ship was safe off the coast of somalia men armed with machine guns in small boats would target vessels including aid for the World Food Program the menace of piracy continues to plague the region impeding its security and economic develop. But its also increasing in other areas that you hotspot is the gulf of guinea an area that covers 6000 nautical miles or 11000 kilometers of coastline from angola to senegal west african countries lose 2
Signed a cease fire deal allowing humanitarian access to civilians the deal agreed after talks in the ethiopian capital addis ababa is the latest attempt to end the four year conflict thats it for myself and the team here in london counting the cost is coming up next say without is there. We are living through a technological revolution but all the machines taking over a piece of machinery goes wrong if there are trillions of these to go to which we can bring a legal system to bear Oxford University professor of Machine Learning Stephen Robert stokes to want to see you this time. Hello im sam is day than this is counting the cost on aljazeera your weekly look at the world of business and economics this week how u. S. President Donald Trumps overhaul of the u. S. Tax system could spark an International Trade war also this week electric cars why the road to zero emissions may be built on illegal cobalt mining in the democratic republic of congo. Plus when is a taxi not a taxi resolving t
Media reports that the new arms include antitank missiles but the state department has not confirmed lethal weapons will be sent so far washington has been providing ukraine with support equipment and training those are the headlines on aljazeera the news hour isnt thirty minutes with a hell rahman now its counting the cost stay with us. This is a serious debate. Up front at this time. Hello im sam is day than this is counting the cost on aljazeera your weekly look at the world of business and economics this week how u. S. President Donald Trumps overhaul of the u. S. Tax system could spark an International Trade war also this week electric cars why the road to zero emissions may be built on illegal cobalt mining in the democratic republic of congo. Plus when is a taxi not a taxi how resolving the crisis has implications for the gig economy. Two thousand and seventeen if nothing else was the year when boring all taxation became a hot topic we had the release of the palomar papers follo
Condemning Libyan Detention Centers as inhumane and a program that uses sesame street characters to help syria and iraq to children traumatized by war is set to expand receiving extra funding expected to reach one point five million children displaced by conflict those are the headlines the news continues here on aljazeera after counting the cost structure. We understand the differences and the similarities of cultures across the world. So no matter where you call her. Aljazeera will bring in the news and Current Affairs that matter to you. Aljazeera. Hello im sam is day than this is counting the cost on aljazeera your weekly look at the world of business in economics this week how u. S. President Donald Trumps overhaul of the u. S. Tax system could spark an International Trade war also this week electric cars why the road to zero emissions may be built on illegal cobalt mining in the democratic republic of congo. Plus when is a taxi not a taxi how resolving and then see crisis has imp