Exclusive Interview – Marcus Grubb: “Gold Becoming More and More A Part of The Fabric of The [Global] Financial System”

Submitted by Tekoa Da Silva of BullMarketThinking.com...

I had the spectacular opportunity last week to speak with Marcus Grubb, Managing Director of Investment with the World Gold Council. It was an exciting interview to say the least, as the World Gold Council is the world’s preeminent gold organization whose member companies represent nearly 70% of global gold production.

During the interview, Marcus shared his thoughts on the changing global perception of gold by investors, governments, and central banks, efforts by the World Gold Council to catalyze global gold demand and delivery systems, as well as the future of gold in the world’s financial system.

Beginning the discussion with the mandate of the World Gold Council, Marcus said,“The World Gold Council is the market development organization for the world gold industry. It represents the mining producers; something close to 70% of mine production is represented by members of the World Gold Council…We have programs to promote gold demand on a worldwide basis, we produce research on the gold market, and we also invest in developing and creating new channels and new products to make gold more accessible, whether it be in jewelry, investment, technology, and we also speak to and lobby on official use of gold and communicate regularly with the central banks.”

A key role of the World Gold Council continued Marcus, is to “Effectively work with commercial partners to catalyze new channels and products–new access vehicles all around the world. Those access vehicles can either be for professional investors such as ETF’s…but also they can be more in the retail initiatives…continue reading...

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