Over the past five years, the gold price has risen by almost 20% annually. Investors account for 40% of total gold demand and have been integral in driving gold prices to their current levels. In an article in the September 2012 issue of Investments & Pensions Europe, onValues Managing Director Ivo Knoepfel calls on investors to understand the role they play and the responsibility they bear in supporting the extraction of the precious metal. "Their perception is that they are a negligible player in gold and unlike the jewellery sector, industries and central banks do not carry any major responsibility," says Knoepfel. With contributions from the World Gold Council, pension funds and asset managers, the article discusses the environmental, social and governance (ESG) issues in gold production and introduces actions that investors can take to ensure an environmentally-friendly, conflict-free, socially sustainable supply of gold.

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«Extracting the true cost of gold - I&PE September 2012»