How high would gold rise under a new gold standard?

How high would the gold price be if all existing notes and coins in the world were replaced with the yellow metal? Gold commentator Paul van Eeden's calculations suggest that the gold price has some way to run. In fact, he doesn't even believe we are in a real gold bull market yet...

What would the gold price be if we could replace all the existing notes and coins in the world with gold?

Not such a long time ago paper receipts for gold in storage were used as currency, and people would trade these receipts because it was more convenient than carrying around a lot of gold.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.