Editor’s Note
As international pressure mounts for greater transparency in the gold supply chain, this article examines the challenges facing one proposed chemical traceability solution. It highlights the industry’s preference for proprietary systems and the potential for stricter Swiss regulations by 2027.
- The chemical traceability solution for gold from Geoforensic is failing to establish itself as a standard.
- Swiss refiners are promoting their own internally developed and implemented technological solutions, shielded from public view.
- International pressure is intensifying on the industry for better control over the origin of gold. More stringent Swiss legislation could be applied as early as 2027.
The chemical tracing technology from the company Geoforensic represents a technological breakthrough in determining the origin of gold. However, the country’s refineries are developing their own in-house solutions internally, without agreeing on a common standard.
Swiss legislation is expected to soon mandate better control of the precious metal’s supply chain.
Swiss refiners communicate about their own technological solutions developed and implemented internally, away from public scrutiny.
International pressure is intensifying around the industry for better control of the origin of gold. More stringent Swiss legislation could be applied as early as 2027.