Global market value of gold exceeds 27 trillion US dollars, becoming the second largest reserve asset
2025-10-22 03:37:52
Ba Shusong, managing director of the Hong Kong Stock Exchange, said at the 2025 Hong Kong Stock Exchange China Opportunities Forum that the global total market value of gold has exceeded 27 trillion US dollars, making it the second largest reserve asset in the world. He pointed out that the rapid growth of global debt is unsustainable, traditional safe assets are facing redefinition, and the rise in gold and bitcoin prices reflects concerns about the decline in the purchasing power of fiat currencies. (Jin Ten)
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