Groenewegen, along with Rachel Benepe of First Eagle Investment management and Juan Carlos Artigas of the gold council, all sharing a panel on gold at the aforementioned conference, made a case for gold as a hedge, not only of inflation, but of risk.
Clearly, when the biggest player in the industry reverses itself on sharing POS data and then adds panel data to the mix, there are going to be some huge ramifications.
In 2007, he was recognised for his work as a Principal Lead Author of the Intergovernmental Panel on Climate Change (IPCC), sharing the Nobel Peace Prize with former US Vice-President Al Gore.