Paul started working in the precious metals market in 1980 when he joined Mocatta and Goldsmid. He worked there for 18 years and initially ran their bullion coin outlet and represented the company at the daily gold fixings held at N M Rothschilds. As his career progressed he joined the trading room team where he moved on to managing the group worldwide metals and money liquidity and its inherent yield curve risks. He also spent time travelling across the world visiting central banks and mining houses to discuss and assist with their yield management and hedging requirements. Before returning to the precious metals market with Baird and Co., he spent time working at the digital news, research and data provider Fastmarkets.