Market value of gold & silver surpasses that of Nvidia, Alphabet, and Apple together

According to Market Cap, gold has a market capitalization of $35.4 trillion, while silver reaches $6.3 trillion.

Large companies such as Nvidia, Alphabet, and Apple barely reach $4.5 trillion, $4 trillion, and $3.7 trillion, respectively.

In addition to having two of the three most valuable companies in the world (Alphabet and Apple), the United States. Also has the largest gold reserves in the world as of 2023 (8,133 tons), followed by Germany (3,353 tons) and Italy (2,452 tons).

In terms of market value, American corporations like Microsoft ($3.7 trillion) and Amazon ($2.55 trillion) trail Nvidia, Alphabet, and Apple, followed by gold and silver.

The eighth position, which is filled by the Bitcoin cryptocurrency market with a capitalization of around $1.74 trillion. Somewhat alters the dynamics of the biggest businesses in the world as well as assets like gold and silver.

TSMC ($1.72 trillion) and Meta Platforms ($1.6 trillion) are ranked ninth and tenth in terms of market value.

This upturn in gold is mainly due to geopolitical tensions around the world, as it acts as a safe haven asset in times of uncertainty because its value does not depreciate over time. Unlike stocks, leading investors to diversify their portfolios with this metal.

It is not only global tensions that make gold more attractive than other assets; the weakness of the dollar in recent months has also led investors to prefer precious metals.

It is not only global tensions that make gold more attractive than other assets; the weakness of the dollar in recent months has also led investors to prefer precious metals.

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