The ratio of world trade over world GDP, a standard measure of globalisation – or interconnectedness as I prefer to describe it – has more than doubled since 1970 to almost 30%. [3] This has led to increased specialisation, ef ciency and productivity.
With gold occupying such a powerful place in our emotions, I am confident that, provided we take advantage of the opportunities, the gold market has a long and fruitful role to play in the future, and I commend the work of the LBMA in pursuing that goal.