LONDON, 12 November 2010 &mdash Analysis from BullionVault &mdash the world's No.1 private gold-bullion ownership service &mdash features today in a report on gold prices from the Wall Street Journal's MarketWatch blog.
"Over at BullionVault.com...Adrian Ash, head of research, says $1400 gold does not mean we are headed back to the gold standard, no matter how much people want to twist World Bank chief Robert Zoellick's words," writes London-based WSJ journalist David Kansas, noting Zoellick's much-analysed article in the Financial Times this week.
Quoting BullionVault research, "All the gold mined is worth $7.6 trillion, which is just 3.9% of the world?s investable wealth, Ash says. A gold standard price covering investable wealth would be $6650 in 2015, based on current mining rates. Covering total money supply? He estimates more than $10,000."
You can read the WSJ's MarketWatch blog here...
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