World Gold Council (WGC)
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 Terms:
Bullion
Fool's Gold
Gold Bug
Gold Certificate
Gold Standard
Precious Metals
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