World Gold Council


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World Gold Council

A professional organization of mining companies that produces gold. It exists to promote the use of, and investment in, gold through research, lobbying, and other means. Importantly, it has worked for reducing regulation on the gold trade. It also provides educational opportunities for members and the general public through its Goldipedia service, among other things. It was established in 1987 and is headquartered in Geneva. See also: Gold bug, Gold fund.

World Gold Council

an organization based in Geneva whose main objective is to promote the sale of GOLD bullion (bars and coins) to investors, and to widen the appeal of gold as an ornamental (jewellery) material and as an industrial base metal.
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We are proud to be joining the World Gold Council, and look forward to contributing to its vision of providing industry leadership, while stimulating and sustaining the worldwide demand for gold.'
Holzman said that with the help of a contribution package from the landlord, The World Gold Council will build out the space to mirror its London headquarters.
In a bid to encourage gold trading and build collaborative relationships for developing gold market in Saudi Arabia, the top leadership of the World Gold Council (WGC) had visited the Kingdom last year.
The first gold ETFs were "Spiders," or SPDRs, and were sponsored by the World Gold Council.
According to new figures from the World Gold Council released Tuesday, investors bought 273.8 metric tons of gold via exchange-traded funds during the second quarter.
The World Gold Council has identified the following short-term reasons for the recent gold price rise:
The World Gold Council said in a May 20 press release that the global gold exchange has seen an increase in demand due to continuing instability in equities markets, the weak U.S.
"The ongoing credit crisis and increased market volatility caused investors to seek safe haven investments, pushing the price of gold to a new all-time high," said Natalie Dempster, investment research manager, World Gold Council.
* This Web site from the World Gold Council is filled with scientific information, history, and facts about gold: www.gold.org/discover/index.html
After a five year hiatus, the World Gold Council has launched a major advertising campaign designed to capture the attention of American fashion and jewellery conscious women.
In the UK, the World Gold Council is trying to spawn a revolt against the Chancellor of the Exchequer and has so far garnered 70,000 signatures decrying the practice.
And the sale sparked angry protests from the World Gold Council, which represents the gold mining industry, that driving the price down will cost many thousands of jobs in the gold mines.

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