The Gold Survey was first produced in 1967 by London-based mining conglomerate Consolidated Gold Fields (CGF). When CGF was taken over by Hanson in 1989, the gold mining companies in the CGF group decided to ensure the survival of the Gold Survey, which had by then been established as an indispensable reference source on the gold market, and GFMS was set up to continue the work. At the time the company was virtually exclusively focused on producing the annual Gold Survey. In time, the Gold Survey Updates and World Silver Survey were added to the range of publications, as the company continued to expand its reach into the precious metals markets.

During the period from 1994 until June 1998, GFMS was wholly owned by Gold Fields of South Africa, although the GFMS team always retained editorial control over the contents of its publications. The merger in 1998 between Gold Fields of South Africa and Gencor created an opportunity for GFMS to attain complete independence.

In mid-August 1998, a management buy out of GFMS was completed by Philip Klapwijk, Paul Walker (who are now executive chairman and CEO) and Hester le Roux. In its new guise, GFMS continues to expand, both in terms of the size of its team and the range of products and services it provides.

Today, GFMS is widely acknowledged as the leading source of information on the precious metals markets and its publications and consultancy services are in high demand from a wide range of clients.

By providing reliable and consistent data and analysis of the highest quality, GFMS fulfils a crucial role in the markets, a fact recognised by the company's recent admission into the London Bullion Market Association as an associate member.

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