$700 billion was added to gold and silver in just three hours.
That’s how much their combined market cap increased in roughly three hours.
To put that into perspective, that’s more than the annual economic output of many countries, and it happened while most people were simply going about their day.
What’s even crazier is that we've been seeing moves like this throughout the year.
A trillion added in 90 minutes.
Two trillion wiped out in three hours.
Over $600 billion moved in just ten minutes.
Gold $XAU and silver are no longer moving like the slow, boring safe-haven assets many people expect them to be. At times, they’re moving more like highly leveraged risk assets.
After a year of seeing $500 billion to $2 trillion swings happen within just a few hours, calling these markets “stable” is starting to feel outdated.
That’s how much their combined market cap increased in roughly three hours.
To put that into perspective, that’s more than the annual economic output of many countries, and it happened while most people were simply going about their day.
What’s even crazier is that we've been seeing moves like this throughout the year.
A trillion added in 90 minutes.
Two trillion wiped out in three hours.
Over $600 billion moved in just ten minutes.
Gold $XAU and silver are no longer moving like the slow, boring safe-haven assets many people expect them to be. At times, they’re moving more like highly leveraged risk assets.
After a year of seeing $500 billion to $2 trillion swings happen within just a few hours, calling these markets “stable” is starting to feel outdated.
