Total market cap of gold equities

http://goldstocksdaily.com/2010/07/19/total-market-cap-of-all-gold-companies-262-1-billion/

It only takes a few big funds and central bankers from emerging countries (Russia, China, India, Brazil) to move the gold needle quickly and violently. Why? Because all the gold mining companies in the world are worth less than ExxonMobil.

The market capitalization for all gold mining companies globally is $262 billion. Exxon alone is worth $274 billion. The aggregate S & P 500 market cap is $10 trillion. When pension funds, mutual funds, banks, hedge funds, and investors rush into gold and gold equities, there will be trillions of dollars chasing companies worth $262 billion. It doesn't take a wild imagination to expect the prices of gold and gold equities to soar as a result.