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Naive question. How can one reach the conclusion that the gold market is worth 10 trillions?

I also thought it is 15T$ worth.

industry excluding DERIVATIVE trade much SMALL

RAMPING or TRADE VOL doesnot make any ASSET or mcap bigger

How much debt does the USA have?

35T to 180T (liability included)

Ok I need to earn more #bitcoin

Thank you for this information!

M2 is NOT an asset at all - money in market bonds or stocks + CD/FD electronic cash worst cannot be called asset

problem NO significant fund will ever flow OUT of stocks / bonds to either gold or bitcoin

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