window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-RYWWR4VG82'); Golden Legends Tales of Buried Treasure: "Historic Discovery: Central China Unearths $83 Billion Gold Reserve, World's Largest"

Friday, December 20, 2024

"Historic Discovery: Central China Unearths $83 Billion Gold Reserve, World's Largest"


 A massive gold deposit containing approximately 1,000 metric tons of high-quality ore has been discovered in central China. Valued at around $83 billion, this discovery could surpass the South Deep mine in South Africa as the largest gold reserve. The Geological Bureau of Hunan Province found 40 gold veins within 2 kilometers depth in Pingjiang County, potentially holding 300 metric tons of gold, with further reserves possible at 3 kilometers depth. Core samples reveal extraordinarily high gold content, up to 138 grams per metric ton. This discovery boosts China's already dominant position in the global gold market, driving up gold prices amid global uncertainty. Experts are divided on whether we have reached "peak gold," but the Hunan find suggests we may not have exhausted viable reserves yet.

For more, see https://www.msn.com/en-us/money/markets/china-discovers-massive-78-billion-gold-deposit-in-hunan-province/ar-AA1v8aEJ?ocid=BingNewsSerp


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