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Artwork for Unearthed
Gold
Gold Market
China
Inflation
Tariffs
Federal Reserve
Central Banks
Gold Etfs
Economic Stimulus
Investment Demand
Investment
Real Estate Industry
United States
World Gold Council
Mining
Gold Nanoparticles
Local Government Debt
Electronics
Etfs
US Dollar

Join the World Gold Council’s market strategists for informative and insightful discussions with global thought leaders. Together, we’ll unearth golden insights spanning macroeconomics, investment and consumer trends, geopolitics, technology, trust, supply chains and more.

PublishesTwice monthlyEpisodes46Founded3 years ago
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Latest Episodes

This episode was filmed on 19 March 2026.

In this episode of Unearthed, hosts John Reade and Joe Cavatoni are joined by Nicky Shiels, Head of Research and Metal Strategy at MKS PAMP – one of the world's leading precious metals refiners and trading h... more

This episode was recorded on 13 May 2026.

 

In this episode of Unearthed, hosts John Reade and Joe Cavatoni discuss recent gold demand trends.

 

The hosts unpack recent gold market activity, investor behaviour, and geopolitical influences affecting g... more

This episode was filmed on 19 March 2026.

In this episode of Unearthed, hosts Joe Cavatoni and John Reade sit down with Rebecca Patterson, globally respected macroeconomic investor, Vanguard board member, and Senior Fellow at the Council on Foreign ... more

YouTube

This episode was recorded on 10 April 2026.

In this episode of Unearthed, hosts Joe Cavatoni and John Reade explores recent Central Bank activity in the gold market.

Following years of record-high buying, recent headlines have highlighted sales, sw... more

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Recent Guests

Rebecca Patterson
One of the most respected voices in global macro investing
Board of Directors, Vanguard; Senior Fellow, Council on Foreign Relations
Episode: Unearthed: The New Macro Playbook ft Rebecca Patterson
Roland Wang
Regional CEO for China at the World Gold Council
World Gold Council
Episode: Unearthed: The New Shape of Gold Demand in China ft. Roland Wang, CEO of World Gold Council China
Allan Guild
Director at Hilltop Walk Consulting and long-term partner to the World Gold Council
Hilltop Walk Consulting
Episode: Unearthed: Wholesale Digital Gold ft. Allan Guild, Hilltop Walk Consulting
Sachin Jain
CEO of India for the World Gold Council
World Gold Council
Episode: Unearthed: India’s Golden Transformation ft. Sachin Jain, CEO of the World Gold Council India
Kenneth Rogoff
Professor of Economics at Harvard University and former chief economist of the IMF
Harvard University
Episode: Unearthed: The Future of the US Dollar ft. Kenneth Rogoff, Economist and Professor of Economics, Harvard University
Amanda Krichman
Chief Operating Officer for the Funds Complex
World Gold Council
Episode: Unearthed: Gold ETFs 101 — Myths, Mechanics, and Market Access, ft Amanda Krichman
Reinhard Cluse
Chief European Economist at UBS
UBS
Episode: Unearthed: EU Economic Outlooks & Potential Renaissance, ft. Reinhard Cluse, UBS
George Cheveley
Portfolio Manager for the Global Gold Strategy and Co-Portfolio Manager for the Global Natural Resources Strategy at Ninety One.
Ninety One
Episode: Unearthed: Mining Equities and the Golden Thread in Global Markets ft. George Cheveley, Ninety One
Sakhila Mirza
Deputy CEO and General Counsel of the LBMA
London Bullion Market Association
Episode: Unearthed: Responsible Sourcing in the Gold Value Chain, ft Sakhila Mirza, Deputy Chief Executive & General Counsel, LBMA

Hosts

Joe Cavatoni
Host with senior market strategist role at the World Gold Council; frequently co-hosts discussions on global gold markets and macro themes.
John Reade
Co-host and senior market strategist with leadership in gold market research and strategy; often drives analysis on gold fundamentals and macro drivers.

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Talking Points

Recent interactions between the hosts and their guests.

Unearthed: The New Macro Playbook ft Rebecca Patterson
Q: With the rapid pace of news and events, how should companies think about governance and risk management in this environment, and is there a practical approach you recommend?
Patterson suggests scenario analysis that accounts for interactions among risks (geopolitical, cyber, populism, fiscal dynamics) and developing pre-planned responses for X or Y events. She notes that resilience—through supplier diversification, nearshoring or friend-shoring where geopolitically aligned partners are involved, and careful capital allocation—can help firms manage volatility rather than chasing short-term market moves.
Unearthed: The New Macro Playbook ft Rebecca Patterson
Q: What are some of the biggest macroeconomic factors that have developed, did you expect them, and how are you seeing them impacting the world today?
Rebecca Patterson highlights that the year started with a rapid, unpredictable wave of geopolitical and policy events, from energy disruptions to shifts in monetary policy expectations globally, with oil prices outperforming expectations and rate expectations moving away from multiple cuts to a higher- for-longer stance. She emphasizes the importance of scenario analysis to anticipate how these risks interrelate and affect corporate strategy and portfolios, rather than relying on linear forecasts.
Unearthed: The New Shape of Gold Demand in China ft. Roland Wang, CEO of World Gold Council China
Q: How do you see the trends reshaping longer term for the gold outlook in China?
There's a positive change with younger generations becoming major drivers for gold jewelry purchases.
Unearthed: The New Shape of Gold Demand in China ft. Roland Wang, CEO of World Gold Council China
Q: What about the property sector? Is there any signs that the property sector is stabilizing?
The property sector has generally stabilized but remains weak, with consumers hesitating to purchase new houses.
Unearthed: Wholesale Digital Gold ft. Allan Guild, Hilltop Walk Consulting
Q: How does PGI differ from existing gold tokens in the market?
PGI is primarily a settlement mechanism for gold transactions in the wholesale market, functioning like a digital receipt, as opposed to a product that people purchase, which is characteristic of gold tokens.

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Frequently Asked Questions About Unearthed

What is Unearthed about and what kind of topics does it cover?

A market-focused show featuring World Gold Council strategists who unpack macro trends, gold market dynamics, and investment implications through conversations with leading external voices. Topics commonly explored include central bank policies, inflation regimes, currency shifts, and demand drivers across regions (notably Asia and the Middle East), blended with practical takeaways for investors and corporate risk managers. Episodes frequently examine how geopolitics, technology, and policy developments influence gold as a hedge, safe haven, or strategic allocation, with guests ranging from veteran macro investors to regional experts and industry leaders. The format often blends data-driven analysis with scenario planning and actionable ins... more

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1. Mining Stock Daily
2. Money of Mine
3. Sprott Money News
4. At Any Rate
5. GlobalData TS Lombard: Perkins Vs Beamish

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Unearthed launched 3 years ago and published 46 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Unearthed?

Recent guests on Unearthed include:

1. Rebecca Patterson
2. Roland Wang
3. Allan Guild
4. Sachin Jain
5. Kenneth Rogoff
6. Amanda Krichman
7. Reinhard Cluse
8. George Cheveley

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