It’s official—geologists have discovered the largest gold deposit ever recorded, with a value of over $80 billion in minerals

https://unionrayo.com/en/gold-deposit-china-discovered/ ^ | 6/20/2025

[cuz1961]

They have found a giant gold deposit in China’s Hunan province with estimated reserves of 1,000 tons and a value exceeding US$80 billion!!!

[Secret Agent Man]

“China finds all the worlds precious metals in it”

All other nations just need to surrender now

[enumerated]

We can make diamonds - not gold.

[tumblindice]

Me so hawney, me mine you long time!
Yeah this sounds like horse droppings.

[blitz128]

The CCP never lies😎🤡

[mairdie]

A couple of my favorite gold mining articles by grandfather.

Dad Rose (Mining in Alaska 1899-1900, Denver Post, August 10, 1902 - by Jack Bell

Pot of Gold at Rainbow's End, Liberty Magazine, September 13, 1930 - told to Arthur Chapman by Jack Bell

[PerConPat]

LOL...Button your shirt; your heart is falling out!

[Candor7]

If you believe that you will change your USD retirement fund into Chinese Minrenbi.

[GingisK]

...they will lie, they will cheat, they will steal, they will murder...

Just like all the other governments. ;-D

[fso301]

The Spanish with their treasure fleets also caused gold to inflate across Europe.

[BipolarBob]

And I direct you to the Rip Van Winkle Caper.

[PIF]

And since gold is currently trading at just over $1,200 per ounce,
—

Now gold is $3,400 oz. Very old article.

[fruser1]

Gold, or one of those “special” Chinese alloys made to appear to be gold?

[Getready]

I was referring to the punchline in the famous original series Twilight Zone episode entitled “Rip Van Winkle Caper”

Technically, Gold has been made by bombarding mercury or bismuth with high energy particles. Apparently by doing the nuclear reaction they change the number of protons (nuclear transmutation) and viola...gold. Way too costly and tiny amounts are made.

Freegards

[Ruy Dias de Bivar]

Reminds me of the old saying among miners,,”It takes a mint to operate a mine.”

[Revel]

The more gold there is available for people to buy then the less it is worth. Supply and demand.

[tinamina]

Just in time for the great reset. The BRICS are going to try to replace the dollar with gold next month. Or yuan. Or something

[enumerated]

Oops! I had a feeling there was a joke I wasn’t getting - should have gone with my instincts! ;-)

[Getready]

It was an obscure reference...your instincts were good.
I don’t always follow mine, and do I pay.

[DAC21]

“how long would it take a govt to spend 80 billion dollars?”

Based on the 2026 budget, three months in Kalifornia

[PeterPrinciple]

And since gold is currently trading at just over $1,200 per ounce,
—

Now gold is $3,400 oz. Very old article.

---

The point of the article was the relative cost of production compared to value. Read the whole article and then apply that thinking to current value.