The total market value of all proven and probable gold reserves plus above-ground gold is approximately $40 trillion at current prices, which constrains its convexity; if gold tripled to $15,000 per ounce, it would become a $120 trillion asset—twice the market capitalization of US stocks—making it mathematically improbable as a growth opportunity.
factualpending
Speaker
Hugh HenryEvidence Quote
“the market value of the entirety of of the the proven and probable reserves of gold plus everything that's that's been taken above ground um times the present u market price gives us a a total mass if you will something close to 40 billion”
Source
Once In A Lifetime Opportunities in Precious Metals, Japan, And AI w/Hugh Hendry— Rebel Capitalist InterviewsCreated: 8/13/2026, 9:56:54 AM
My Notes
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