LONDON, 3 October 2012 - Online bullion exchange BullionVault today launched a new proprietary index, the Gold Investor Index, reports Dow Jones Newswires.
"BullionVault.com is the world's largest provider of direct gold bullion ownership, with more than 42,000 people having used the exchange since its launch in 2005," says Dow Jones.
The new Gold Investor Index "is based on the actual trading activity of self-directed retail investors in the UK, US and Europe," the newswire goes on. "It tracks investor sentiment toward gold bullion, by demonstrating the balance of gold buying and selling, as opposed to the weight or value of bullion exchanged, BullionVault's head of research Adrian Ash said."
Also attending this morning's press breakfast at the St.James's offices of Augmentum Capital was Marcus Grubb, managing director of investment at the World Gold Council, and one of the gold market's most respected commentators.
"This is a great innovation; there has been a real lack of data in this part of the market," said Marcus.
Both e-commerce private-equity fund Augmentum and gold-market development organization the World Gold Council have been shareholders in BullionVault since 2010.
September's reading on BullionVault's Gold Investor Index, released today, showed the balance of buyers and sellers rose to 52.5 from 52.1 in August. A reading of 50 means the number of buyers and sellers is equal.
The series peak to date is 71.7, reached in September 2011 "when the price of gold hit record highs," reports Dow Jones.
You can read the full Dow Jones story here...
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