World Gold Council - WGC
Categories: Regulations, Econ, Education
You should see their offices. Bling city.
Ok, no. The World Gold Council (WGC) is an intentionally non-profit group of the world’s largest gold-makers (well, miners) and sellers. In other words, it’s the epicenter of the gold industry. Even bigger than The Discovery Channel shows.
The council comprises 25 members who mainly use their collective WGC power to promote and lobby for gold. Gold, gold, gold. Gold records. Gold teeth. Gold eLocks.
While you might be suspicious of those “turn in your golf for money!” and “invest in gold!” commercials on TV (you probably should be), it can be an attractive investment for the right investor. Since it’s used in stuff (from your teeth to your rings to your phone), it will keep a minimum value. That’s a promise stocks and other commodities can’t make (they could drop to zero). Gold also can’t be easily faked, and there’s a limited supply, making it a relatively safe financial bet for those without the heart for the stock market.