World Gold Council
The World Gold Council is a market development organisation for the gold industry. The World Gold Council is the market development organisation for the gold industry. Our purpose is to stimulate and sustain demand for gold, provide industry leadership, and be the global authority on the gold market. We are a unique organisation that delivers tangible benefits to the gold industry. We are an active force within the market, working with a large and diverse set of partners to create access, drive innovation and stimulate demand, while providing a collective voice for our members. We provide insights into the international gold markets, helping people to understand the investment qualities of gold and its role in meeting the social and environmental needs of society. The gold market has undergone significant change over the past two decades, becoming larger, stronger and more widely understood. The World Gold Council has been a key player in many of the initiatives that have driven that change, such as the liberalisation of the gold market in China and the rapid rise of demand in the East. We have also increased recognition of gold as a financial asset across a wide spectrum of market segments, supported by physically-backed gold product innovations. The World Gold Council has broad experience and deep knowledge of the factors driving market change. This allows us to operate with insight and act with authority in seeking to resolve industry issues, create pro-gold policies and raise standards across the industry. We concentrate on delivering structural change that has long-term impact and are at scale. In these times of extreme uncertainty and rapid change, we enable nations, investors and households worldwide to protect their financial futures by deploying gold’s unique qualities: The constant of value[1] A highly liquid yet scarce asset A safe haven in uncertain times An uncorrelated risk diversifier A hedge against fiat currency depreciation Our members are the world’s largest and most forward-thinking gold mining companies. For them, we speak with one voice and initiate actions that will underpin their value, protect their reputation and expand their influence. In recent years, we have produced guidance, research and practical tools to allow gold miners to report production costs in a more comprehensive and consistent manner. We have supported them to operate responsibly and with transparency in potentially high risk or conflict-affected areas, and to be able to demonstrate their significant contribution to social and economic development. Based in the UK, with operations in India, China, Singapore and the US , we are the lead for the gold industry worldwide. [1] See ‘The Golden Constant: The English and American Experience’
Developer of distributed ledger and blockchain-based infrastructure and application designed for product and data integrity within the bullion market. The company's member-based platform connects all stakeholders of the global precious metal industry for peer-to-peer interaction, unifying data standards and recording the outcomes of business transactions in an immutable and auditable manner, enabling members to increase transparency around the provenance and chain of custody per product.
SafeGold is a simple and transparent product where customers invest money to buy gold which is stored in a vault. Customers receive a digital token as evidence of their ownership. Digital gold is much more efficient than physical gold to buy-sell, deposit or use as collateral. Owning digital gold lets consumers earn interest on their gold balances or convert it into jewellery without any loss.
BullionVault is a P2P platform for buying and selling physical gold & silver bullion, securely, at low cost. As of January 2013, BullionVault held over $2billion worth of client assets. The bullion is kept in approved vaults within the London Good Delivery system. Good delivery bullion bars are produced by London Bullion Market Association [LBMA] approved refiners, have a known history and can be easily re-sold. Most of the world's professional gold dealing happens within the LBMA good delivery rules. BullionVault is a full member of the LBMA. Unlike most gold investment products, BullionVault's clients own their gold directly as property in their own name within the jurisdiction the gold is stored. Clients can chose to store their gold in Zurich, London, New York or Singapore. An internal market allows clients can trade their holdings with each other in units as small as a single gram. Clients can choose to place large orders [800oz] through the London professional markets. BullionVault itself also runs trading bots to ensure liquidity, quoting two-way prices on its exchange 24/7. In June 2010, the gold industry's key market-development body the World Gold Council joined with the internet and technology fund Augmentum Capital, which is backed by the London-listed Rothschild Investment Trust, in making an $18.8 million (GB £12.5m) investment in the business. This makes BullionVault rare as a disruptive start-up that has been willingly embraced by an established industry. Their exchange's technology stack runs almost entirely on open-source components. CTO Kris Jenkins says, "I couldn't imagine trying to build a company like BullionVault using proprietary software. I've seen startups die while they were still negotiating support contracts. Often when they could have picked an open solution so reliable it would never need support." The company was founded by Paul Tustain in 2005 and is based in London with an office in New York.
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