00:00Data centres store the cat videos you need to watch for the economy to function well.
00:08They're in the news because Macquarie Bank just sold off 50 based in North and South America for $60 billion,
00:15clipping the ticket on the way.
00:17In Australia we currently have just over 2 gigawatts of capacity
00:21and projections are we'll need to almost double that in the next five years.
00:26But it's not that easy.
00:27It's hard to find well situated locations with strong access to water and connectivity.
00:32Construction costs have rocketed and they use a lot of energy.
00:36Once you've seen all the cat videos there's some good gear on iview.
00:40Global markets were mixed, Japan near a record high.
00:45On our market Macquarie banked more than just data today
00:48and they've got more centres to sell in the coming years.
00:51The Aussie dollar fell sharply on news of our unemployment rate rising
00:56and gold continues its soaring rise.
00:59But it's actually being outpaced.
01:01Other precious metals have risen by even more this year.
01:05A silver surge.
01:06Part of the reason is that everything that's not gold has industrial uses.
01:11More than just looking shiny.
01:13And that's finance.
01:15Theholstown's cost of finance.
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