Aram Shishmanian

CEO World Gold Council

In this edition, Mervyn King, Governor of the Bank of England from 2003 to 2013, discusses global economic prospects, the limits of monetary policy and the role of gold in a world dominated by ‘radical uncertainty.’

"I am very struck by the fact that over many many years, central banks, governments and individuals have always, despite the protestations of economists, held some gold in their portfolio."

John Nugée, independent Consultant and former Chief Manager of Reserves of the Bank of England, assesses gold’s place in investment portfolios against the backdrop of the Brexit referendum.

"Whatever the outcome, an investment in gold is likely to not underperform, and in some scenarios might outperform strongly."

Shayne McGuire from the Teacher Retirement System of Texas explains why the 8th largest pension fund in the United States has allocated part of its portfolio to gold.

"Ultimately, our decision to invest in gold as an asset separate from commodities was based on the diversification benefits to the overall portfolio."

And Jiao Jinpu, chairman of the Shanghai Gold Exchange, discusses the new Shanghai Gold Benchmark Price and its impact on the gold market in China and beyond.

"The Shanghai Gold Benchmark Price has triggered strong interest from overseas institutions, which are seeking cooperation with the Shanghai Gold Exchange on various applications of the Benchmark Price."