LONDON, 16 May 2016 – Comment from BullionVault head of research Adrian Ash is featured today in a widely syndicated report from the Wall Street Journal on China's ICBC Standard Bank acquiring the precious-metals business of London clearer Barclays.
"The vault holds up to 2,000 metric tons in gold, silver, platinum and palladium at a secret location in London," says the WSJ – the United States' financial paper of record – in its report online, "and can be used by investors, jewelers, miners and even countries to store their metal.
"If anything [the deal] kind of reconfirms London's centrality," the WSJ quotes Adrian.
"If you want to be a dominate player in gold, then it would make sense for you have some involvement [in London]."
Syndicated by financial news and trading sites from ADVFN to Fidelity, the Wall Street Journal report can be read by WSJ subscribers here:
