Gold and silver are now the world’s top three financial assets, according to a new report.
In a new study, the Institute of International Finance (IIF) looked at financial markets in the 21st century and found that the market has experienced a 30 per cent increase in market capitalisation over the last 10 years.
The study also found that financial markets are becoming more globalised and have become increasingly connected to the rest of the world.
This is a world where gold and the dollar are both gaining in value, the report says, and this has led to greater opportunities for investors to buy gold and other precious metals in the world economy.
In fact, the world has become more interconnected than it has been for many decades.
The IFA said this trend was being driven by the rising global economy and a growing reliance on digital transactions.
In its report, the IFA looked at market capitalisations of assets in 60 countries, with a total market cap of $2.8 trillion.
The report found that markets have grown exponentially in recent years.
In 2015, there were $1.1 trillion in global markets worth $7.4 trillion in assets.
By 2020, the amount of global markets had increased by nearly half, to $2 trillion.
As the world grows more interconnected, the market is becoming more reliant on digital technology, according the report.
For example, digital currencies are being used to buy things like gold, silver and real estate.
While the amount and type of investments are increasing, there are also growing concerns over the role of technology and financial markets as they become more global.
“As globalisation intensifies and the global financial system becomes increasingly integrated, it will increasingly be used to facilitate financial transactions, such as the clearing of large amounts of cash, or facilitating investment by investors in the real estate market,” the report said.
It is important to note that these trends are not unique to the world of finance.
The market in precious metals and gold has also grown rapidly.
In 2020, there was $1 trillion worth of gold, while in 2020 there were almost $100 trillion worth in gold and precious metals.
The global economy has also become more integrated and this is reflected in the increasing amount of trade, the study said.
In 2020, China’s economy grew by 7.7 per cent and India’s by 6.5 per cent.
China, however, grew at a faster pace than India.
In the past decade, China has grown at an annual rate of about 6 per cent while India’s growth has been slower.
In addition, global financial transactions have become more digital.
This has led financial markets to become more reliant upon technology to facilitate transactions, the IIF said.
This trend will likely continue to expand, the institute said.
According to the report, financial markets will continue to become increasingly globalised.
While financial markets have been growing in size, the growth has not been matched by the level of economic integration and this will be reflected in an increase in financial risk.