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World Gold Council

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World Gold Council
Formation1987 (38 years ago) (1987)
TypeTrade association
Legal statusActive
HeadquartersLondon, United Kingdom
Region served
Worldwide
Kelvin Dushnisky
David Tait
Website{{{1}}}

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]

References

  1. "World Gold Council Headquarters & Offices". https://www.gold.org/who-we-are/headquarters-and-offices. 
  2. "World Gold Council Members". https://www.gold.org/who-we-are/our-members. 
  3. Ghosal, Sutanuka (2018-11-28). "Mr.Tait is the new CEO". economictimes.com. https://economictimes.indiatimes.com/markets/commodities/news/world-gold-council-appoints-david-tait-as-ceo/articleshow/66846993.cms. 
  4. "Who We Are | World Gold Council". https://www.gold.org/who-we-are. 
  5. "Major Producers of Gold Form Trade Association". Wall Street Journal: p. 1. 17 October 1986. ProQuest 397962100. 
  6. Secter, Bob (2 October 1985). "Reagan Bans Imports of S. Africa Krugerrand". Los Angeles Times. https://www.latimes.com/archives/la-xpm-1985-10-02-mn-16058-story.html. 
  7. Walker, Pat (7 November 1986). "Chamber of Mines agrees to merge Intergold into World Gold Council". American Metal Market 94: 1–3. Gale A4510106. 
  8. "World Gold Council and ICBC launch first gold accumulation plan in China". 16 December 2010. https://www.gold.org/news-and-events/press-releases/world-gold-council-and-icbc-launch-first-gold-accumulation-plan-china. 
  9. Corcoran, Terence (March 15, 2024). "Terence Corcoran: Did Idris Elba's 'Goldfather' video boost gold prices?". https://financialpost.com/opinion/did-idris-elba-goldfather-video-boost-gold-prices. 
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Licensed under CC BY-SA 3.0 | Source: https://handwiki.org/wiki/Organization:World_Gold_Council
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