About the author

Steve Ellis is an expert on gold bullion investment strategies, with experience from a lengthy career as a gold analyst and fund manager. In particular Steve’s expertise covers the physical gold market and his research is focused on gold lease rates, physical gold premiums and the phenomenon of backwardation in gold.

Based in Perth, Australia, Steve works as a fund manager for Baker Steel Capital Managers, a specialist precious metals and natural resources investment manager. Earlier, from 1996 to 1998 Steve worked for the Reserve Bank of Australia (RBA) as a senior Bank Analyst and studied the sale and leasing of RBA’s gold reserves. He has investigated the global gold-leasing market ever since. By 2006 Steve had worked in the derivatives markets at international banks in both Sydney and London for over 10 years and since October 2006 has managed his own gold funds.

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