The World Gold Council (WGC) is an organization that promotes the use of gold as a financial asset. Founded in 1987, it is composed of leading gold mining companies from around the world and serves as an advocate for their interests. Its mission is to increase public awareness and understanding of gold, its uses, its benefits and its importance within the global economy.
The WGC works towards this goal by providing information on the latest developments in gold markets, sponsoring research into the economic impacts of investing in gold and advocating for better regulation of precious metals investments worldwide. The council provides educational materials such as market reports and analysis on topics related to investing in gold. It also acts as a source for governments, central banks and other stakeholders when formulating policies related to gold investments.
In addition to these activities, the WGC has become increasingly involved with promoting digital currencies backed by physical assets like gold or silver. Through partnerships with blockchain technology providers such as DigixGlobal Ltd., Uphold Inc., Xapo Inc., Tokeny Solutions SA and others, it has developed a range of products aimed at making it easier for individuals to invest securely in cryptocurrency backed by tangible commodities like precious metals without having to go through complex processes like buying futures contracts or bullion coins from banks or other institutions.
Overall, The World Gold Council plays an important role in helping people understand how best they can take advantage of investing opportunities offered by cryptocurrencies backed by physical assets including but not limited to gold & silver commodities.
