'Non-Productive' Gold Zooms to $30T Market Cap, Leaving Bitcoin, Nvidia, Apple, Google Far Behind
Gold (XAU), a traditional store of value but also a "non-productive" asset, has surged to a market capitalization exceeding $30 trillion in 2025, dwarfing digital gold, bitcoin, and U.S.-listed tech giants alike.
The yellow metal's price per ounce has surged 66% to a record high of approximately $4,380, with prices rising 13% in October alone, according to TradingView data.
This rally has pushed gold's market capitalization to about $30.42 trillion, based on an estimated above-ground global supply of 216,265 metric tonnes, as reported by the World Gold Council.
Nvidia (NVDA), arguably the most consequential company globally due to its foundational role in powering the AI revolution, holds a distant second place with a market capitalization of $4.42 trillion. It is followed by Microsoft (MSFT), Apple (AAPL), Alphabet (Google), silver, Amazon (AMZN).
Meanwhile, bitcoin BTC$108,218.84, considered digital gold, ranked eighth with a market cap of $2.17 trillion.
Non-Productive Gold Warns of Economic Strain
Gold's premium to tech giants doesn't necessarily reflect a positive outlook for the global economy because it is a non-productive asset.
Unlike stocks, bonds, or real estate, gold does not generate dividends, interest, or rent, nor does it contribute directly to economic activity. Its price is directly tied to its appeal as a traditional safe haven and store of value asset as opposed to underlying cash flow or productive output.
So, the fact that it trades at a significant premium to the most valuable tech companies is likely a telltale sign of economic malaise. It indicates that investors are seeking refuge in perceived safe havens amid broader economic uncertainty.
Ken Griffin, CEO of Citadel, recently expressed significant concern over the trend of investors viewing gold as a safer asset than the U.S. dollar, calling the yellow metal's record rally as cautionary signal about the U.S. economy's stability.
According to analysis, the rally has been catalyzed by fiscal imprudence in the U.S. and across the advanced world, sticky inflation, geopolitical tensions and expectations for the Fed rate cuts. The consensus is for the uptrend to continue.
Features that describe gold as a non-productive store of value also apply to bitcoin. However, while gold's price has rallied sharply this year, surging over 60%, bitcoin has gained a more modest 16% in 2025. Industry observers are optimistic that when the gold rally eventually cools, investment funds may rotate into the relatively cheaper digital store of value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Miami's Cohesion Compared to New York's Discord: The Battle for World Cup Hosting
- Miami's outgoing mayor warns NYC's political infighting and fragmented governance could jeopardize its 2026 World Cup bid. - New York's mayoral race reveals deep divisions over housing and safety, complicating coordinated infrastructure upgrades needed for the tournament. - While NYC invests $2.6B in hospital modernization, critics highlight delays in stadium and transportation projects critical for World Cup hosting. - Miami's unified governance model, enabling rapid sports/tourism infrastructure develo

Bullish Industries Support FLM, Yet Core Fundamentals Remain Uncertain
- Flamingo Finance (FLM) gains traction amid bullish trends in renewables, aerospace, and crypto sectors, driven by technical indicators and sectoral capital inflows. - Market optimism is reinforced by First Solar's $286 price target and FTAI Aviation's 16–97% upside potential, highlighting durable competitive advantages in infrastructure and margins. - Crypto regulatory shifts, including Crypto.com's U.S. bank charter filing, signal maturing digital asset ecosystems that could enhance FLM's tokenomics int

Cardano Latest Updates:
- BullZilla ($BZIL) emerges as top presale with 100x return potential via 24-stage burn mechanism and $0.00527 listing price projection. - Cardano (ADA) signals 60% price surge with golden cross pattern, while Monero (XMR) dominates privacy sector at $306.74 amid heightened surveillance. - Institutional interest shifts toward utility-deflationary projects like BullZilla and MoonBull ($MOBU), which mirrors BZIL's model with 9,256% ROI potential. - November 2025 marks critical inflection point as $19B Octobe

Ferrari’s Approach to Tokens: Blending Racing Heritage and Cryptocurrency to Strengthen Hyperclub Member Loyalty
- Ferrari launches Token 499P, a blockchain asset granting Hyperclub members exclusive auction access to racing cars. - The token, limited to 100 units, enables peer-to-peer trading and aligns with luxury brands' crypto adoption trends. - Partnering with Conio under EU MiCA regulations, Ferrari aims to deepen loyalty while capitalizing on $3.3T crypto market growth. - Analysts predict $10B in tokenized luxury assets by 2030, positioning Ferrari as a pioneer in merging motorsport heritage with digital innov

