Gold & Silver? The Oil Market is Bigger Than ALL Metal Markets Combined

Oil production per year: 34 billion barrels (including other liquids)
Oil market size: $1.7 trillion* per year

Compare the annual market sizes of all major metals and minerals that are mined throughout the world:

• Gold: $170 billion
• Iron: $115 billion
• Copper: $91 billion
• Aluminum: $90 billion
• Zinc: $34 billion
• Manganese: $30 billion
• Nickel: $21 billion
• Silver: $20 billion

Other metals: $67 billion (including platinum, palladium, titanium, tin, moly, uranium, and more)

The total amount works out to $660 billion – just a fraction of the size of the oil market. Source: VisualCapitalist.com (*October 14, 2016)

See:

Remember when it was a tin foil hat conspiracy theory that the gold market is manipulated

— zerohedge (@zerohedge) January 29, 2018

The one thing the CFTC headlines fail to note is that all the traders who were arrested today were manipulating the gold market

— zerohedge (@zerohedge) January 29, 2018

These Are The 6 Traders Who Were Just Arrested For Manipulating The Gold Market https://t.co/kQVetXi1eZ

— zerohedge (@zerohedge) January 29, 2018

See also: Investing Notes: Trump Effect on Gold & Guns

 

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