I came across an interesting set of data. Shandong Gold disclosed at the end of last year that its reserve of equity gold is 2,058.46 tons, and it is still increasing this year.

Let's do some quick calculations: one ton = 1000 kilograms = 1,000,000 grams. At the current gold price of 967 yuan per gram, the value per ton is 967 million yuan. 2,058 tons? That's approximately a scale of 1.99 trillion yuan.

This scale is indeed impressive compared to traditional assets. But on the other hand, gold is one thing to mine, and another to cash out — factors like extraction costs, market liquidity, and price fluctuations all need to be considered.

Compared to the crypto market, BTC is often called "digital gold," but its total supply is fixed at 21 million coins. Physical gold reserves are still increasing, which is quite different in this regard.