The defender has offered his advice to the club's youngsters, who were uninspiring in Tuesday's 3-0 defeat to Sheffield Wednesday.
Gibbs has been with the Gunners since joining their academy aged 14, working his way through the ranks to become a big part of the first-team squad.
He worked with Bould at youth level when he was part of the development set-up, and has continued under that tutelage for several years in the senior side after Bould took up the role of assistant manager to Arsene Wenger.
And the defender says he has learnt a lot from the former Arsenal centre-half over the years.
“I worked with Steve Bould in the youth team from when I was 16 so he was a big influence and now he obviously works with the first team,” he told arsenal.com.
“He’s got experience, he’s played the game in more recent years so he knows the modern game. He’s good for that because he knows what’s going on in the mind of a footballer in the more recent era. That’s his biggest asset to the team.”
It is eight years since Gibbs made his debut as a youngster, with him appearing in the League Cup win over Sheffield United back in 2007.
This week saw the latest crop of Arsenal youngsters make their bow in the same competition, but they failed to impress in a disappointing 3-0 defeat to Sheffield Wednesday.
Having risen through the ranks over the years, Gibbs is perfectly placed to offer advice to the latest generation trying to make the breakthrough, and he says that always believing you will get your chance is key, as that’s exactly what he did.
“You do realise that eventually you’re going to get your chance to show what you can do and you just have to embrace it,” he added.
“Luckily my chance came at quite a young age and I managed to show what I could do from early on. You have to always believe that you can get there and you have to take each day as it comes. That’s what I did and that was that.”