About This Event
“Turn artisanal gold into sovereign reserves, without touching your FX war chest.”
A strategic training framework for African sovereign states and market entities on building Tier-1 reserve assets from domestic gold production. Central banks are increasingly turning to Domestic Gold Purchase Programmes (DPPs) to leverage local currency for buying artisanal and small-scale mined (ASM) gold, transforming it into liquid, internationally recognised monetary reserves, preserving FX reserves while formalising informal supply chains.
What You'll Explore
A country-specific Domestic Gold Purchase Policy Framework blueprint, defended before an expert panel
A working pricing model for local discounts against the Loco London Fix
An AML/CFT-aligned due-diligence checklist ready for your supply chain
Direct alignment with WGC, LBMA, OECD and FATF standards your auditors already recognise
A field-ready operating model for buyer licensing and pricing, tested against real ASM market conditions
Who Should Attend
Open to all qualifying staff — particularly: Governors, Deputy Governors, Central Bank Directors and Senior Management, Reserve & Treasury Directors, Cabinet Secretaries, Mineral Marketing Directors, State Gold Trading Entity Executives, FIU & Customs Commissioners.
Why This Course Matters
FX Reserve Strength
Preserve foreign exchange reserves by buying gold with local currency instead of external borrowing. That means fewer dollars spent defending the currency, and a reserve base that grows from what the country already produces.
Supply-Chain Formalisation
Bring artisanal miners into regulated value chains and close down illicit parallel markets. Formal channels mean traceable gold, audit-ready records, and a legitimate export line the state can tax and monitor.
Fiscal Resilience
Build Tier-1 reserve assets from domestic production, hedging volatility and lifting sovereign credit standing. A stronger, more diversified reserve base gives rating agencies and lenders one less reason to mark the sovereign down.
Programme
Day 1
Macroeconomics, legal architecture & sovereign fiscal design
Map the fiscal and legal architecture behind a DPP, from enabling legislation to the sovereign balance-sheet accounting that lets locally purchased gold count as a true Tier-1 reserve asset.
Day 2
Reserve operations, refining logistics & location swaps
Work through turning purchased gold into usable reserves: refining logistics, assay standards, storage, and the location swaps that convert domestic bars into internationally deliverable London Good Delivery gold.
Day 3
Supply chain due diligence, AML/CFT & LBMA alignment
Build a supply-chain due-diligence process for artisanal and small-scale gold, covering AML/CFT red flags, chain-of-custody documentation, and the checks LBMA-aligned refiners expect.
Day 4
ASM formalisation, pricing models & field hub operations
Design the operational side of formalisation, including field hub structures, buyer licensing, and a defensible pricing model set against the Loco London fix.
Day 5
Policy integration, implementation & blueprint defence
Integrate everything into a single country-specific policy framework and rehearse defending it in front of an expert panel.
Standards & Faculty Benchmark
World Gold Council Gold Reserve Management Framework
World Gold Council and London Bullion Market Association frameworks for the gold masterclass.
LBMA Responsible Gold Guidance (RGG V9)
World Gold Council and London Bullion Market Association frameworks for the gold masterclass.
London Principles on ASGM
World Gold Council and London Bullion Market Association frameworks for the gold masterclass.
OECD & FATF due diligence guidance
Due diligence, AML/CFT and financial-crime guidance woven through supply-chain sessions.
These are the same frameworks the World Gold Council, LBMA and FATF use to judge whether a domestic gold programme is bankable and defensible. Aligning to them now means your programme will not need retrofitting when an external auditor or rating agency asks how the gold got onto your balance sheet.
Is This Right for You?
- ☑You set or influence national policy on reserves, gold or mineral marketing
- ☑Your institution is exploring or running a domestic gold purchase mechanism
- ☑You need a defensible framework, not just a briefing
Good to Know
No prior mining, gold-market or reserves experience is assumed; the course is pitched at framework and policy design. You leave with a country-specific Domestic Gold Purchase Policy Framework, pressure-tested in front of an expert panel.
The Bottom Line
Walk back into the building with a gold-to-reserves pipeline your board can approve and your auditors can trace, end to end.
Recommended For
Open to all qualifying staff — particularly: Governors, Deputy Governors, Central Bank Directors and Senior Management, Reserve & Treasury Directors, Cabinet Secretaries, Mineral Marketing Directors, State Gold Trading Entity Executives, FIU & Customs Commissioners.