World Gold Council

Type: Private - Not-for-Profit
On the web: http://www.gold.org
Employees: 10

The World Gold Council is an international industry trade group founded in 1987 by some of the world's largest gold mining concerns. Members include South Africa-based companies Gold Fields and AngloGold Ashanti, Japan's Mitsubishi Materials, Yamana Gold and IAMGOLD in Canada, and US-based Newmont Mining. In addition to its headquarters in London, the organization has offices in China, India, Japan, Singapore, Turkey, the United Arab Emirates, and the US.

Key numbers for fiscal year ending December, 2008:
Sales: $4.6M

Officers:
Chairman: Ian W. Telfer
CEO: Aram Shishmanian
Managing Director, Exchange Traded Gold: Jason Toussaint

A nonprofit association of the world's leading gold producers, established to promote the use of, and thus demand for, gold through marketing, research and lobbying. Headquartered in Geneva, Switzerland, the WGC covers the markets which comprise about three-quarters of the world's annual gold consumption.

Investopedia Says:
The WGC aims to maximize the industry's potential growth by monitoring and defending existing gold consumption. It also co-sponsors research in the development of new uses of gold, or of new products containing gold. For example, successful projects supported by the gold industry have led to the development of jewelry containing 99% gold.

Related Links:
Despite its historic and symbolic appeal, this metal is simply a commodity. Here we explore its meaning as an investment. What Is Wrong With Gold?
Think the value of gold is unshakable? Read this chronicle of its rise and fall. The Gold Standard Revisited
The quest for this shiny commodity has made millionaires of paupers and, on the flip side, ruined many an investor. Using Technical Analysis In The Gold Markets

The World Gold Council is an industry association of the world's leading gold mining companies, established in 1987. It aims to stimulate demand for gold from industry, consumers, and investors. The Council's Chief Executive Officer is Aram Shishmanian, former head of global financial markets practice at Accenture. Its Chairman is Gregory C. Wilkins.

See also

• Gold as an investment
• Gold exchange-traded fund

External links

• WGC Official site

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