Gold Adds $1.5T in Single Day, Outpaces Bitcoin Over 5 Years
Gold surges dramatically — up 4.4% in just 24 hours!
In a single day, gold's market value jumped by roughly $1.5 trillion, crossing $5,500 per troy ounce for the first time ever. Its total market capitalization now stands at approximately $34 trillion.
Interestingly, this one-day gain in gold is almost equal to the entire market cap of Bitcoin (around $1.75 trillion), while Bitcoin was actually trading lower on the same day.
Silver is also on fire — it rallied 21.5% in the past week and now has a market cap of $6.6 trillion, surpassing even Nvidia, the world's largest publicly traded company.
Over the last 5 years, gold has outperformed Bitcoin:
Gold: +185%
Bitcoin: +164%
Investors are rushing into gold and silver as safe-haven assets amid economic uncertainty, massive money printing, and fears of currency debasement. This "debasement trade" has clearly favored precious metals lately, while Bitcoin has lagged behind despite earlier expectations that both would behave similarly in such periods.
#GoldRush #PreciousMetals #BTCVSGOLD
