LONDON, 22 April 2011 - BullionVault, the world's No.1 gold ownership service online, appears this morning in a front-page Wall Street Journal story on the rising price of gold.
"In a remarkable performance for any sort of asset, gold has notched a record high every day this week," says the WSJ at the top of its 1,100-word report - "days when investors were alternately gloomy and optimistic."
"The reason for gold's ability to do well in any market lies in its recent role as a haven from concerns about the Dollar, inflation and shocks in Europe, the Middle East and Japan."
Quoted alongside senior market strategist and the precious-metal chiefs at several bullion banks, BullionVault head of research Adrian Ash comments on the recently announced switch to physical allocated-gold holdings by high-profile investors including the University of Texas' Investment Management company - the United States' second-largest academic investment fund.
"These are long-term holdings," says Adrian, because these institutions are attracted by physical gold's lower ongoing fees - a saving best enjoyed by longer-term investors.
Wall Street Journal subscribers can read the full story at the WSJ here...
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