Gold Market Cap Surpasses $30 Trillion, Outpacing Major Companies

A landmark achievement in the global market has been reached: the total value of gold, exceeding $30 trillion, has officially surpassed that of major companies like Apple, Microsoft, and Nvidia combined. This significant valuation is based on the World Gold Council’s report detailing 216,265 tons of mined gold and current gold prices, solidifying gold’s position as a safe haven and store of value. The market cap of Bitcoin, often dubbed ‘digital gold,’ currently stands at roughly $2 trillion, highlighting its lower prominence compared to traditional gold.