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World’s Largest Gold Deposit Worth $80 B Discovered in China

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China believes it has found the world's biggest gold deposit, with reserves estimated to be worth more than $80 billion.

 

Chinese state media said that a gold ore deposit site with supposed reserves of more than 1,000 tonnes at a depth of 2,000 meters had been located in the Wangu goldfield in Pingjiang County in central Hunan province. Newsweek was unable to independently verify the report.

 

The goldfield in Pingjiang County is said to be valued at 600 billion yuan ($83 billion), according to state outlet Xinhua news. The current largest gold reserve is found in the South Deep gold mine in Gauteng Province, South Africa, which holds around 930 metric tons of gold.

 

https://www.newsweek.com/world-largest-gold-deposit-worth-80billion-discovered-china-reports-1993489

 

Ive taken a bit of liberty here by adding emphasis

 

"China believes it has found the world's biggest gold deposit, with reserves estimated to be worth more than $80 billion.

 

Chinese state media said that a gold ore deposit site with supposed reserves of more than 1,000 tonnes at a depth of 2,000 meters had been located in the Wangu goldfield in Pingjiang County in central Hunan province. Newsweek was unable to independently verify the report."

 

 

Critical thinkers can chew on that. Hows the price of gold these days.

 

ProTip: Socialism cannot exist without a lying media.

  • Author

So far, China is doing pretty well for themselves.

It is very difficult to believe, with China's reputation... but the automobile industry is a good eye-opener!

I guess only time will tell...

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