Why are banks starting to get rid of gold? 🧐


Gold is already sitting near a market value of $38 trillion 👀
This is almost twice China's GDP 🚸
From now on, any further movement in gold will require disproportionately larger liquidity. Central banks are not naive enough to expose themselves to a single asset of this size 👀
To give an idea, the total global GDP is about $126 trillion 👀
If you believe that gold will reach $15,000 from here, you're essentially saying that gold will require more liquidity than the entire world's economic output 👀
Will banks start adopting Bitcoin as usual? $PAXG
PAXG-4.45%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)