World Gold Council (WGC)

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Definition of 'World Gold Council (WGC)'

The World Gold Council (WGC) is an international organization that promotes the use of gold. It was founded in 1987 by 12 leading gold mining companies. The WGC's headquarters are in London, England.

The WGC's mission is to "promote the understanding of gold's role as a global asset and to stimulate demand for gold." The WGC does this by providing information about gold to investors, consumers, and the media. The WGC also organizes conferences and events to promote the use of gold.

The WGC is a non-profit organization. It is funded by its member companies. The WGC's annual report can be found on its website.

The WGC has a number of programs to promote the use of gold. These programs include:

* The Gold Investor Education Program: This program provides information about gold to investors.
* The Gold Buyers Guide: This guide provides information about buying gold.
* The Gold Refinery Directory: This directory lists gold refineries around the world.
* The Gold Bar Directory: This directory lists gold bars that are available for purchase.

The WGC also publishes a number of reports and articles about gold. These reports and articles can be found on the WGC's website.

The WGC is a leading organization in the gold industry. It plays an important role in promoting the use of gold around the world.

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