Episode 7: Joseph Cavatoni, World Gold Council Clarity podcast

Episode 7: Joseph Cavatoni, World Gold Council

10M ago 37:05

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Welcome to the Diamond Standard podcast Clarity.

In Episode Seven, host Managing Director Amelia Bourdeau is joined by Joseph (Joe) Cavatoni, Market Strategist North America, World Gold Council.

Joseph (Joe) Cavatoni joined the World Gold Council in September 2016 to lead business strategy for the Americas which includes oversight of investor relationships, product solutions, research, and marketing as well as the global ETFs platform.

He also serves as Principal Executive Officer for the World Gold Trust Services, LLC; President of WGC USA Asset Management Company, LLC; Board Member and President of WGC (US) Holdings, Inc.; and as a member of the Executive Committee.

During his three-decade career in the financial services industry, Joe has developed and demonstrated expertise in the areas of global capital markets, exchange traded funds, asset management, trading, and business/platform development. He also spent more than 15 years working in Asia. Prior to joining the World Gold Council, Joe was a managing director at BlackRock where he was responsible for iShares Capital Markets (Americas) and was a member of the firm’s Executive Committee. His responsibilities also included product development and management as well as running a global team. Prior to BlackRock, he held senior positions at UBS, Merrill Lynch and Bank of America focused on equity derivatives trading, securities financing and lending.

You will enjoy and find value in this conversation on the gold market which includes:

1:00 – Stepping back - looking at central bank and retail gold buying in 2022.
3:25 – What is supporting the gold prices despite high US bond yields.
6:00 – Further unpacking central bank buying.
8:00 – What are institutions doing re gold and allocation in a portfolio.
12:20 – When Fed signals that rate cuts are imminent, how this could play out for gold.
13:05 – Drivers of gold demand. Gold's diversification properties in a portfolio.
16:00 – 2024 US Presidential election, geopolitical risk, the wall of worry, and gold.
20:30 – Risk factors need to be managed.
23:40 – Seasonality for gold. Some discussion on China and gold.
25:14 – The World Gold Council’s 247 initiative to modernize the gold market. Gold bar integrity – tracking and tracing through source and bringing gold inventory worldwide into a digital ledger.

You can find Clarity’s Episode Seven with Joe Cavatoni on: Spotify, Apple Podcasts, and the Diamond Standard Institutional Media page.

Find Diamond Standard: https://www.diamondstandard.co/

Find the World Gold Council: https://www.gold.org/

9 episodes