Gold and Silver Left Technology Giants Behind!

Precious Metals' Market Value Hits Record High

Gold and silver reached new record levels on Monday, solidifying their leadership not only in price performance but also in market size. The price of gold per ounce soared to $5,100, while silver jumped to $110. According to CompaniesMarketCap.com, the total market value of these precious metals exceeded $41 trillion, doubling that of the tech giants.

Market Value Comparison

This figure means that the total market value of gold and silver is nearly twice that of the tech giants known as the "Fabulous 7". The market value of gold stands at approximately $35 trillion, while silver has reached $6.1 trillion. The total market value of leading tech giants in the U.S. is around $21.5 trillion.

Global Asset Ranking

• Meta Platforms: $1.70 trillion
• Nvidia: $1 trillion
• Microsoft: $2.5 trillion
• Apple: $2.2 trillion
• Amazon: $1.4 trillion
• Tesla: $850 billion

Impact of Dollar Depreciation

The depreciation of the dollar has accelerated the rise in precious metals. Gold has increased by 80% in the last 12 months, while silver has surged by 260%. Both metals are showcasing their strongest annual performance since 1980. Evaluated as a hedge against crises, these metals are currently supported by central bank purchases and rising geopolitical risks.

Expert Opinion

Azuria Capital CEO Otavio “Tavi” Costa noted that the Dollar Index has fallen below a significant support level for the first time in nearly 15 years. Costa stated that if the dollar remains below this level, a long-term downtrend could begin. A falling dollar generally supports dollar-denominated assets like gold and silver.

Global Market Preparedness

Costa emphasized that global markets are not adequately prepared for sustained dollar weakness. The strengthening of dynamics such as inflation, reserve diversification, and decreasing confidence in fiat currencies may further influence the future performance of precious metals.