[China] - China discovers huge gold deposit worth $3 trillion

[UltimaOnline]

China has recently discovered a huge gold deposit with a reserve of nearly 50 tonnes, which can be sold for around $3 trillion at current market price.

The deposit is located in rural Rushan City, eastern China's Shandong Province, according to province mineral resource authority.

"The deposit covers a large area," said Shandong Provincial Bureau of Geology and Mineral Resources. "The ores are easy to mine and dress."

Shandong Province is rich in gold resources with a larger production than any other provincial areas across China for the past four decades.

"The prospectors drilled more than 250 holes as deep as 1,400 meters to find the deposit," Zhou Mingling, deputy head of the 6th Geological Brigade at the bureau, told local media Dazhong Daily.

Government evaluation showed the deposit can produce 2,000 tonnes of gold ores for at least 20 years.


https://news.cgtn.com/news/2023-03-...posit-worth-3-trillion-1ij0YJRKiXK/index.html

 

[Rogue Trader]

Will we use 金元宝 as legal currency soon?

 

[congo9]

It belonging to CCP.
Nothing belong you.

 

[Hypocrite-The]

Will gold prices drop?

 

[syed putra]

Will gold prices drop?

Not if indians keep on buying it.

 

[Hypocrite-The]

Not if indians keep on buying it.

All the more reason for the ChiCons to dig it up n sell to the shitskins

 

[hairylee]

Bad news. Prepare for american invasion.

 

[eatshitndie]

better if they have more babies. worth more than gold 69 years from now when niggers and brownies rule (and shit on) the planet.

 

[laksaboy]

LOL CGTN.

 

[Willamshakespear]

There needs to be a sense of scale / perspective over this gold deposit find.

Any mineral found below the ground belongs to the People, with the ELECTED State/Administrators to distribute it fairly to society, thru social expenditures such education, health, security, etc.

If such $3 Trillion gold ores are found in Singapore, with a population of 3.5 million, it would mean a social expenditure worth $857,000 per citizen, which will be enough to cover the social expenditures of a citizen from cradle to grave. Through economies of scale, bank interest savings & insurance, there will be left over to create job opportunities for each of them such as costs for upgrading, tax incentives to attract foreign biz, etc, for each citizen to have a measure of quality life.

However, for China, assuming the gold ores are already in ingots for simplicity sake, so as not to complicate with issues of production, mining, etc, it will mean a social expenditure worth only a mere $2,100 for each of its 1.4 Billion citizens.

Thus, may none be awed by just money alone or be naive that one will be rich from published eye staggering figures alone. It comes with responsibilities to all citizens.

Fortunately, China has a huge gainfully employed population as well as biz enterprises, to bring in revenues by the trillions each year to provide for social expenditures, let alone funding its huge military forces & equipment budgets. If China wants, more, it will have to look to the stars, where true resources lay awaiting to be harnessed & harvested, than to go to war with neighbors senselessly killing each other for mere bits of limited planet Earth's minerals..

 

[Hypocrite-The]

There needs to be a sense of scale / perspective over this gold deposit find.

Any mineral found below the ground belongs to the People, with the ELECTED State/Administrators to distribute it fairly to society, thru social expenditures such education, health, security, etc.

If such $3 Trillion gold ores are found in Singapore, with a population of 3.5 million, it would mean a social expenditure worth $857,000 per citizen, which will be enough to cover the social expenditures of a citizen from cradle to grave. Through economies of scale, bank interest savings & insurance, there will be left over to create job opportunities for each of them such as costs for upgrading, tax incentives to attract foreign biz, etc, for each citizen to have a measure of quality life.

However, for China, assuming the gold ores are already in ingots for simplicity sake, so as not to complicate with issues of production, mining, etc, it will mean a social expenditure worth only a mere $2,100 for each of its 1.4 Billion citizens.

Thus, may none be awed by just money alone or be naive that one will be rich from published eye staggering figures alone. It comes with responsibilities to all citizens.

Fortunately, China has a huge gainfully employed population as well as biz enterprises, to bring in revenues by the trillions each year to provide for social expenditures, let alone funding its huge military forces & equipment budgets. If China wants, more, it will have to look to the stars, where true resources lay awaiting to be harnessed & harvested, than to go to war with neighbors senselessly killing each other for mere bits of limited planet Earth's minerals..

In the international sense 3 trillion is economic power to the ChiCons in the international stage. They can buy off all it's neighbours n more

 

[LaoHongBiscuit]

so much gold means tiong people more arrogant