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The World Gold Council's Vision for the Gold Industry

Updated: Sep 6, 2023

In this second part of the Fireside Conversation between Frank R. Suess and the CEO of the World Gold Council, David Tait, they discuss the future of the gold industry.


David explains where he sees today's biggest challenges in the sector and how he plans to address them. Contrary to the popular opinion amongst NGOs, he does not believe in an exclusionary, top-down approach, but in creating a decentralized, standardized, fully transparent and therefore self-cleansing ecosystem with low barriers of entry.


David also shares a story rarely told: Where the gold industry already has a positive impact, especially in developing countries, and how he wants to preserve that.


In this Conversation it becomes very clear that, leading the World Gold Council, David has a precise vision for the global gold industry and is on a determined mission to implement it.




The first part of this Fireside Conversation can be found below:



The World Gold Council's CEO, David Tait: An Inspirational Journey

In this Fireside Conversation between Frank R. Suess and David Tait, the CEO of the World Gold Council, David shares an in-depth look at his long, inspirational journey that got him to where he is today. He’s had a remarkably successful carrier in trading, banking, and mountaineering, but not before suffering horrendous abuse as a child. It's why he's determined in making a safer future for children. In this first part of the Conversation, Frank and David discuss David's personal story including 5 successful Mount Everest summits. He shares the harrowing story of one of those nearly disastrous trips in 2013, when he was charged with getting a flag given to him by Her Majesty the Queen to the summit in celebration of her 60 years on the throne and Hillary and Tenzing’s 60th anniversary of the first ever summit. However, despite the adventures and successes in his adult life, much was shaped by the abuse he suffered as a child. That abuse led to his long-term commitment to the NSPCC, the National Society for the Prevention of Cruelty to Children. It also led him on a labor-of-love journey to share his story so that other children might not have to suffer as he did. What started as a book ultimately brought his story to the big screen in the movie, Sulphur & White. We highly recommend watching the movie as it tells David's story and covers the difficult struggle of bringing to light the many forms of abuse suffered by children that go unheard of. Stay tuned for the second part of this Conversation, where David and Frank put a microscope over the precious metals industry, where the problems lie, and how David plans to solve them, one problem at a time.


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