Why Commodity Market Cap Changes Everything
Gold's price is around $3,040 per ounce. But what's the total value of all gold ever mined? Price times 6.95 billion ounces of above-ground stock equals roughly $21 trillion. That's the real number you should be comparing to Bitcoin's $1.9T or Apple's $3.5T.
OmniaChart is the only platform that tracks commodity market caps with time-varying supply data going back to 1833. Not a fixed supply number — but historical supply that grows over time as mines produce more metal, more oil is extracted, and more crops are harvested.
What You'll Learn
- Gold market cap = ~$21T (price $3,040/oz times 6.95B oz above-ground stock) — NOT the $16T number most sites report
- Time-varying supply: why a constant supply gives wrong historical market caps
- Silver, platinum, palladium: precious metals market cap compared
- Copper, uranium, lithium: industrial metals driving the energy transition
- Agricultural commodities: wheat, corn, cattle — charted like financial assets
- Energy: oil and natural gas market caps over time
- Cross-asset analysis: commodities vs crypto vs stocks on the same chart
What's Inside
- 34 commodities tracked on OmniaChart with time-varying supply since 1833
- Gold deep dive: above-ground stock from 1833 to 2025, World Gold Council sourced
- Silver market cap history: the most undervalued metal?
- Energy transition metals: uranium, lithium, cobalt, nickel, graphite, rare earths
- Agricultural commodities: supply dynamics for wheat, corn, coffee, cattle
- Circulating vs total supply explained: above-ground stock vs geological reserves
- Commodity/crypto ratio charts: Gold/BTC, Silver/ETH, Oil/BTC
- Step-by-step OmniaChart tutorial for commodity analysis
- Market cap ranking: how commodities stack up against crypto, stocks, and real estate
Who This Is For
- Commodity investors who want market cap analysis, not just price charts
- Crypto investors comparing Bitcoin to Gold and other hard assets
- Macro analysts studying commodity supercycles and supply dynamics
- Energy transition investors tracking uranium, lithium, and critical minerals
- Anyone who wants to understand the true size of commodity markets
Gold: historical data from 1300 AD on OmniaChart
Money Supply M2 USA
Platinum vs Gold: historical ratio