134: Gold! Why & How to Own It, Tokenisation and Investor Positioning - With David Tait, CEO of the World Gold Council

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 11 April 2024

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s not every day that one of our guests from the world of finance has successfully scaled Everest 5 times, been awarded an MBE by the Queen, raised millions for charity, and is a vocal ambassador for the NSPCC.

For his day job, he led trading desks at Goldmans, CS, UBS and Bluecrest. If that wasn’t enough for most people, he then became sufficiently intrigued by the changing world of gold to become CEO of the World Gold Council (WGC).

In this fascinating conversation, David explains how the WGC is bringing gold bullion into the digital age from regulatory, provenance, ESG, and tokenisation angles.

He assesses growing institutional demand (gold prices have hit record highs in recent weeks), describes the supply side dynamics, examines why gold improves the risk/return characteristics in a portfolio, why gold mining companies may be too cheap, and how the future may look for gold.

Finally, David reflects on his childhood as a victim of child sexual abuse, the agony and therapy of the film about him, Sulphur & White, and the priorities which need addressing (in the UK alone, 1 in 20 children suffer sexual abuse).

The Money Maze Podcast is kindly sponsored by Schroders and IFM Investors

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Transcript

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0:00.0	Welcome to the Wall Street Shuffle
0:13.0	In the money wrestle
0:18.0	Welcome to the Money Me's podcast. I'm Simon Brewer and along with my co-founder, Will County.
0:26.0	We created this show in 2020 to explore an unravels and the mistress around the investment and business worlds.
0:33.3	To make a mark if you want to make money.
0:36.9	You need the luck to make a buck if you want to make money you need the luck to make a buck if you want to be good
0:41.1	episodes are available on audio via most podcast platforms and on video via our YouTube channel
0:50.0	and we're active on all major social media platforms to stay up up to date with every episode, please do sign up to our newsletter at MoneyMaysbondcast.com.
0:59.8	We'd like to thank you for listening if we could ask one favour.
1:03.4	We'd love you to tell a friend or colleague about us.
1:06.6	Thank you.
1:09.2	It's not every day that one of our guests from the world of finance has successfully scaled
1:14.6	Everest five times.
1:16.4	Been awarded an MBE by the Queen for having raised millions for charity, an ambassador for
1:21.9	the NSPCC, and as his main job led trading desks at Goldman, CS and UBS.
1:28.1	If that wasn't enough for most people, then become sufficiently intrigued by the changing world of gold to become CEO of the World Gold Council.
1:36.4	David Tate, welcome to the MoneyMays podcast.
1:38.8	Thank you for having me. I'm very flattered.
1:40.7	Well, you have a fascinating background.
1:46.8	And I want to start with the finance because one of the things we are intrigued about, of course, is what gets people to go into the world of
1:51.3	finance. Just tell us, what was the motivation? Finance. My father used to be a gold trader,
1:56.6	believe it or not, back in the day when I was a child. And so I remember him bringing Krugerrand's
	...

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