On the gold trail | Géopolitis

Gold is a safe-haven asset at the heart of a huge trade. Some of its production escapes the controls put in place by governments, with higher risks of pollution, financing of armed groups or human rights violations. According to a new study, hundreds of tonnes of gold are smuggled out of Africa every year, with an estimated value of several billion dollars. The overwhelming majority of this gold transits through the United Arab Emirates.
Guest: Marc Ummel, head of commodities - Swissaid
Presentation: Laurent Huguenin-Elie
Contents:
00:00 The difficulty of tracing gold
02:05 Gold market: who produces it? Who sells it?
05:19 Marc Ummel: “In a way, the United Arab Emirates have become the washing machine for African gold”
11:02 Switzerland's central role in the gold trade
13:31 Marc Ummel: When it comes to the gold trade, “Swiss legislation lags behind other countries”
17:41 The damage caused by illegal gold mining in South America
19:32 Marc Ummel: “States have a responsibility to control mining sites”
23:51 When South African gold was traded in Switzerland, despite apartheid
Géopolitis website: geopolitis.ch
#géopolitis #gold