Page 10 - Bullion World Issue 5 Sep 2021

Bullion World | Issue 05 | September 2021

Our vision for the gold market is there- we should be working to reduce It has been a challenging year for us all,
fore underpinned by digitization and fragmentation and ensure that local and our thoughts must remain with those
technology: and regional gold markets are fully who even now remain on the Covid front
1. Firstly, we want to ensure that the interoperable. line, and those people still suffering the
gold industry operates with the most from the effects of the pandemic.
highest integrity. Gold needs to have The World Gold council aims to direct Despite my disappointment at still not
unimpeachable credentials. This is significant resources to these three most being able to meet up in person, I am
essential if we are to maintain the important areas. We hope the entire pleased that the work of the SBMA and
trust and confidence of consumers, industry will align and rally around these its members is flourishing. The SBMA
investors, and regulators. Our mar- three fundamental goals. The World Gold plays an important role in promoting
ket should be fully transparent and Market has never combined its forces. our industry and contributing to the
operate with the highest integrity The time and technologies are now development of the bullion market in both
across the entire supply chain. right for us to come together, align on Singapore, and the entire region. It is
collective goals, put aside the day-to-day at forums like this, that we can discuss
2. Secondly, we want to ensure that self-interest and align around a com- the issues that our industry faces, the
physical gold is fully accessible, mon and agreed future vison. If we can future trends that will shape the precious
24/7, so that everyone can benefit do this, the future is very bright for our metals market, and our opportunities
from its wealth enhancing, risk-mit- industry. for growth. The economic uncertainty
igating, and stabilizing role as a brought about by the pandemic, and the
financial asset. This includes ensur- Thank you again to Albert Cheng, Mar- unprecedented financial response of
ing that gold can be traded 24hrs a tin Huxley, and the entire SBMA team governments around the world, has led
day and is fully accessible through for the invitation to speak today. All of us to a renewed focus on the role of gold in
contemporary channels such as dig- at the World Gold Council look forward investment portfolios.
ital investment accounts and even to continuing our discussions with the
simply ones iPhone. bullion industry, on how to further de-
velop our market, and ensure that gold
3. Finally, we want to ensure that remains as relevant as ever in the 21st
gold is fully fungible. This means century.

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