$XAU
What is prompting banks to reduce their investment in gold? 🤔
The overall worth of gold is currently around $38 trillion 👀
This figure approaches twice the Gross Domestic Product of China 🚨
At such a valuation, any further increase in gold prices requires significantly more liquidity. Central banks are aware of this fact — and it’s improbable they will take on excessive risk in one asset once it reaches this scale 👀
For context:
🌍 The total Global GDP is about $126 trillion
Therefore, if gold were to climb to $15,000, it would suggest a market value that matches — or potentially surpasses — the entire global economic output 👀 That is quite an ambitious prediction.
This introduces a thought-provoking question 🤔
As maintaining gold's upward trajectory becomes increasingly challenging, might institutions start considering alternatives such as Bitcoin?
$BTC
🚸 Disclaimer 🚸 I am not providing financial counsel 🔞 This material is intended to inform about market trends exclusively. 👌 Thank you for reading 👌
#MarketTrends #GoldRally