World Gold Council Explained

World Gold Council
Type:Trade association
Status:Active
Headquarters:London, United Kingdom
Region Served:Worldwide
Leader Title:President
Leader Name:Kelvin Dushnisky
Leader Title2:CEO
Leader Name2:David Tait

The World Gold Council is an international trade association for the gold industry. It is headquartered in London and has offices in India, China, Singapore, the UAE and the United States.[1] The organization's members are gold mining companies.[2] David Harquail is its president and David Tait is the CEO.[3] Its aim is stimulating and sustaining demand for gold through market development.[4]

World Gold Council was founded in 1987 in a merger with South African company Intergold, inheriting its international offices. At the time imports of the South African Krugerrand had been banned in multiple countries to protest against South Africa's apartheid.[5] [6] [7]

It publishes research advocating for gold, various products such as SPDR Gold Shares and gold accumulation plans in India and China,[8] and films promoting its corporate activity.[9]

Notes and References

  1. Web site: World Gold Council Headquarters & Offices . live . https://web.archive.org/web/20170703224752/http://www.gold.org/who-we-are/headquarters-and-offices . 3 July 2017 . 2019-10-12 . www.gold.org.
  2. Web site: World Gold Council Members . live . https://web.archive.org/web/20170703011231/http://www.gold.org/who-we-are/our-members . 3 July 2017 . 2017-07-06 . www.gold.org.
  3. News: Ghosal . Sutanuka . 2018-11-28 . Mr.Tait is the new CEO . live . https://web.archive.org/web/20240305180712/https://economictimes.indiatimes.com/markets/commodities/news/world-gold-council-appoints-david-tait-as-ceo/articleshow/66846993.cms . 5 March 2024 . 2018-12-17 . economictimes.com.
  4. Web site: Who We Are World Gold Council. www.gold.org. 2017-07-06. 12 August 2019. https://web.archive.org/web/20190812235731/https://www.gold.org/who-we-are. live.
  5. News: . Major Producers of Gold Form Trade Association . Wall Street Journal . 17 October 1986 . 1 .
  6. News: Secter . Bob . 2 October 1985 . Reagan Bans Imports of S. Africa Krugerrand . 3 July 2024 . Los Angeles Times.
  7. . Walker . Pat . Chamber of Mines agrees to merge Intergold into World Gold Council . American Metal Market . 7 November 1986 . 94 . 1–3 .
  8. Web site: World Gold Council and ICBC launch first gold accumulation plan in China. www.gold.org. 16 December 2010. 2016-11-24. 24 November 2016. https://web.archive.org/web/20161124224156/https://www.gold.org/news-and-events/press-releases/world-gold-council-and-icbc-launch-first-gold-accumulation-plan-china. live.
  9. Web site: Corcoran . Terence . March 15, 2024 . Terence Corcoran: Did Idris Elba's 'Goldfather' video boost gold prices? . 3 July 2024 . Financial Post.

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