World Gold Council

For any investors researching the gold bullion market, the World Gold Council is likely to be name you see. The World Gold Council are a collection of industry experts who work on behalf of the gold market to help increase transparency and information surrounding the gold market, and help promote is a result.

What is the World Gold Council?

The World Gold Council is a development organisation on behalf of the international gold industry. It is comprised of some of the world's largest gold mining companies, such as Barrick, China Gold, Newmont Mining Corporation and Silver Wheaton.

They collate key information and stats surrounding the gold market and provide insights and analysis for dealers and investors.

Where is the World Gold Council?

Operating internationally, the World Gold Council has eight offices around the world, in locations such as China, Singapore, and the United States of America. The head office of the World Gold Council is in London, United Kingdom.

Their global position and reputation help the WGC to get access to important information from all over the world. Supply, demand, forecasts; all provided by leading mining companies, banks, dealers, and governments.

What does the World Gold Council do?

The World Gold Council works with its members’ combined expertise to further gold’s global use and fulfil its potential. The WGC seeks to promote gold, and it does this by collecting and collating data and statistics for the use of investors and the media alike. The council's new Goldhub stat site is one such locale for people to access the majority of the group's information and track the performance of gold and gold-related products, such as ETFs.

At BullionByPost we regularly use the World Gold Council data for news articles, forecasts and information pages.

With the cooperation of its member organisations, the WGC also aims to ensure responsible and ethical conduct in the mining industry; working to make sure that the countries in which mining takes place benefit from the operations. These benefits include worker rights, health and safety, and an environmental responsibility to ensure minimal damage to areas used for mining and refining as a result of the gold production process.

The World Gold Council is a leading promoter of innovation in the gold industry, working to improve the processes and products that make up the industry including technological, investment and consumer products. One such example of the World Gold Council’s innovation is the GLD; ‘the world’s first and largest physically backed gold exchange-traded fund’ - a way of investing in gold without actually purchasing any, trading on several stock exchanges internationally.

The World Gold Council uses its knowledge and expertise of the industry to advise businesses and governments; promoting its use and importance as a wealth-protecting asset through seminars and education programmes. Its frequent publications, including the quarterly gold demand trends, are an excellent summary and source of knowledge on the recent movements in the gold industry.