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350000000. 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 fact is that conspire exactly the right time. Dr gold are there in some more recent fact is. I guess related to things in the last week for example related to u. S. Interest rate cuts. Trade issues uncertainty with respect to britain and iran an ongoing Economic Council. That we can actually trace goals i guess. Strong momentum. Back to probably the g f ....
Hello im Adrian Finighan 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 what. Impressed 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 Programme the menace of piracy continues to plague the region impeding its security and Economic Development but its also increasing in other areas that you hotspot is the gulf of guinea an area that covers 6000 nautical miles or 11000 kilomet ....
Because groups like it a sham which many in the International Community believe is still linked to al qaida refused to leave the area now its not clear how long turkey has to implement this agreement the Russian Reconciliation Center in syria is mentioning a 24 hour deadline we havent been able to confirm whether are not there is the 24 hour deadline but definitely it will be difficult for turkey to achieve the creation of a zone in just a few hours especially since h. T. S. High up that even a sham and other opposition groups have not declared their willingness to leave this demilitarized zone. A day off to hong kong Civil Servants defied a call from the government to stay neutral in the protesters outraged 3rd consecutive day its just gone 5 pm local time live pictures now from the district amon ....
Sort of help our people whove been forced to flee in the last 3 months hundreds of thousands who have been forced to flee their homes because of the violence what sort of assistance are they getting and where actually are they had it right now. Well with more than 400000 who have fled mostly to the done at area close to the Turkish Border weve been providing them with radio emails and hands and other relief items without putting new water tanks and the trimmings and you know these camps are already very crowded there now much more crowded but many of the people also waves to the other towns and it is those same towns that are now also coming under attack so you know its no wonder whenever there is a mess right now that we see women and children and elderly people being pulled out from under the rubble because there are many civilians in these areas this is the most congested governorates in all of syria and it is just so shocking ....