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World Gold Council Elects Randall Oliphant As New Chairman

By Neils Christensen Kitco News
Wednesday September 25, 2013 9:59 AM

(Kitco News) -The World Gold Council elected Randall Oliphant as its chairman, the group said late Tuesday.

Oliphant is the executive chairman of New Gold, and succeeds Ian Telfer, chairman of Goldcorp Inc.

"I am taking on the role at a time when gold has a wider significance than ever before across the world. From investments and capital markets, to the rise of the eastern consumer, gold is at the heart of many societies as they seek to store and protect their wealth. The World Gold Council has been in the vanguard of developing innovative uses for gold, and it is a privilege to accept this role," Oliphant said about his new role.

The World Gold Council is the market development organization for the gold industry and has played an influential role in the promotion of gold as an investment vehicle and in the creation of gold-backed exchange-traded funds around the globe.

Oliphant is just one of the new faces at the council. On Thursday, said William Rhind is the managing director of its new institutional investment program. According to the council, the new program is “responsible for developing and implementing initiatives focused on expanding the use of SPDR Gold Shares (NYSE: GLD) and other physical gold-backed products.”

Kitco News will speak to Oliphant Wednesday about his new role and the gold market.

By Neils Christensen of Kitco News nchristensen@kitco.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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