All data is courtesy of the GFMS Gold Survey, the annual Thomson Reuters report on
the global gold market, and reflects demand in tonnage for 2016.
It's naturally a good Fit to our view of
the global gold market, with about 90 % of its portfolio in companies primarily engaged in the production of gold and the remainder in firms whose mining operations are diversified across other metals.
(Less than 1 % of open interest in gold futures — which itself represents a small percentage of
the global gold market — is actually settled in physical gold bullion.
The Harvard pass - out twins claim that this number can disrupt
the global gold market valued at $ 7 trillion.
Lee emphasized if the bitcoin market could obtain five percent of
the global gold market in the next five years, a $ 25,000 long - term price target for bitcoin is plausible.
The global gold market is about 6 trillion, which is gigantic compared to the 0.3 trillion in cryptocurrency market capitalizations.