LBMA

The World Gold Council (or WGC for short) was first founded in 1987. It is the bullion industry's market development organization which is largely responsible for developing innovative uses of gold, creating new demand, and bringing new products to the market. The organization is based in the UK and has a roster of several members including major gold mining companies... All major manufacturers of gold print their own bullion coins. This product is a less risky means of storing physical gold. Only governments have the authority of producing gold coins with monetary face values, and even then, the face value is less than the coin's intrinsic value. Private companies produce their own mints, also known as gold rounds... Gold is one of the most important commodity markets in the world, with only crude oil being more valuable. Despite this, the bullion's price doesn't function on the basis of supply and demand. As is typical of most commodities, their prices are determined by expected..