WGC Update Portrays Retail Gold Investment Opportunities

SEATTLE (Scrap Monster): The World Gold Council (WGC) has announced publication of Retail Gold Investment Principles (RGIPs), aimed at unveiling the exciting opportunities offered by retail gold investment.

The RGIPs, released yesterday, provide high-level, best practice guidance for all kinds of retail gold investment products. According to WGC, the global industry must adhere to RGIPs, in order to foster greater confidence in retail gold investments, especially among first-time investors. This in turn is likely to benefit both investor and the whole industry, WGC noted.

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The RGIPs were developed by the Council in consultation with industry stakeholders across various product categories and regions. It is a broader and enhanced version of the earlier published Internet Investment Gold (IIG) Product Provider Guidance and the accompanying IIG Investor Guidance. As a first step in implementation of the same, the Council plans to work in tandem with key stakeholders on a region-by-region basis to align RGIPs with local market practices.

The globally recognized standards aim to create clarity and consistency in the entire gold chain, the Council commented.