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Gold found in China

Sikodolaukazzz

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USA and Yindiah jealous
Gold prices rose on news of the discovery
lol


China finds world’s largest gold deposit worth over £63 billion​

China says it has discovered the world’s largest known deposit of gold, estimated to be worth over $80bn (£63bn).


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The deposit at the Wangu goldfield in central China could yield more than 1,000 tonnes of gold, the Geological Bureau of Hunan was quoted as saying by Chinese state media.

The bureau announced the detection of 40 gold veins, which are long and narrow openings in rocks filled with the metal, around a mile deep in Hunan province’s Pingjiang county. These rocks alone may have 300 tonnes of gold and there could be more reserves at deeper layers, geologists said.

“Many drilled rock cores showed visible gold,” Chen Rulin, a geologist and ore prospector at the bureau, said.

Test drills near the site’s “peripheral areas” found more gold, suggesting that the deposit could be even larger.

In all, there could be over 1,000 metric tonnes of the precious metal at the site which, at current prices, would bring in more than 600 billion yuan, or about $83bn (£65bn).

Global gold prices rose after the discovery was announced, but the long-term trajectory remained uncertain due to geopolitical tensions around the world.


The demand for the precious metal has increased in China amid global uncertainties. And the latest find, according to the Hunan Provincial Geological Institute, could be “significant in helping safeguard the country’s resource security”.

The Wangu goldfield is one of China’s most critical mining hubs and the country has invested nearly 100 million yuan for mineral exploration in the area.

China produced about a tenth of the world’s gold as of 2023.

The nation is a global leader in mining, dominating the production of precious metals used to make new generations of batteries and electronics.

It also leads the world in the export of technology for mining, developing new ways to reduce carbon emissions in the process.
 
CCCP still needs to learn from PAP.

Just issue paper and you can collect billions.
 
So it’s Xi telling trump that fuck your tariffs lim peh have a lot of gold to use.
 
Yankees land and ang mor lands are fucked?

Discovery of the World’s Biggest Gold Deposit: A Treasure Worth Over $80 Billion
A massive new gold deposit has been discovered in central China, valued at an astonishing US$83 billion. With high-grade gold ore spread across 40 gold veins, this find could shift the balance of the global gold market, strengthening China’s economic position. The discovery, which exceeds even the vast reserves of South Africa’s South Deep mine, suggests that significant new reserves may still be hidden beneath the earth’s surface, prompting new questions about the future of gold mining.

Lydia Amazouz
Published on
November 29, 2024
Read : 3 min
In a remarkable feat for the mining industry, a team of geologists in central China has uncovered what is being hailed as the world’s largest gold deposit, valued at a staggering US$83 billion (approximately 600 billion yuan). Located in the Pingjiang County of Hunan Province, this unprecedented discovery could have far-reaching implications for both China’s economy and the global gold market. The discovery, which has captivated the scientific and financial communities, features an estimated 1,000 metric tons of high-quality gold ore, a find that surpasses any known gold reserves, including those at South Africa’s South Deep mine.

A Treasure Trove Beneath the Earth
The gold deposit was located within 40 veins of ore, spread across a depth of 2 kilometers (1.2 miles) below the surface. These veins have been confirmed to contain high-grade gold, with core samples revealing visible gold in many of the rock samples. According to Chen Rulin, a prospector from the Geological Bureau of Hunan Province, “Many drilled rock cores showed visible gold.” This finding is especially significant, as ore excavated from underground mines is typically considered high grade if it contains more than 8 grams of gold per metric ton. The core samples from this new deposit indicate that each metric ton could hold as much as 138 grams of gold, almost 17 times the industry’s standard for high-quality ore.

The discovery of such a vast amount of precious metal beneath Pingjiang County is nothing short of extraordinary. Geologists had already identified a number of gold veins in the region, but the scale of this find has exceeded all expectations. The gold deposit is not only massive in size, but the concentration of gold in the ore is also extraordinarily high, making it one of the richest gold deposits ever uncovered.

This Photo Taken On 20 November 2024 Shows Drilled Rock Samples From The Wangu Gold Field In Pingjiang County, Central China's Hunan Province. (xinhuadai Bin)
This photo taken on 20 November 2024 shows drilled rock samples from the Wangu gold field in Pingjiang County, central China’s Hunan Province. (Xinhua/Dai Bin)
China’s Growing Influence in the Global Gold Market
This discovery further consolidates China’s position as a global leader in gold production and reserves. Earlier in 2024, it was reported that China’s total gold reserves were already over 2,000 tons, and the country’s mining industry contributes about 10 percent of the world’s gold output. With the addition of this new deposit, China’s gold resources are set to expand dramatically, influencing both the global gold market and the economic landscape.

Gold prices, which have been rising amid increasing global uncertainty, surged even further following the announcement of this discovery. As demand for gold continues to climb, especially in uncertain times, the addition of a new, high-quality gold reserve has the potential to shift the balance of power in the global precious metals market. It’s likely that this new deposit will not only support China’s growing industrial needs but will also impact global gold supply and pricing dynamics in the years to come.

The Future of Gold Mining: A Global Shift?
Experts remain divided over the long-term prospects of gold mining, with some suggesting that we may be reaching the limits of economically viable gold extraction. The discovery in Pingjiang, however, challenges this assumption. Core samples taken from the outskirts of the gold-bearing region hint that the gold deposit could extend even further than initially predicted, suggesting that there may be even more gold hidden beneath the Earth’s surface than previously thought. If further exploration confirms these findings, this gold deposit could potentially lead to even more discoveries in the area, dramatically altering the future of gold mining.

As gold continues to play a critical role in both the financial and industrial sectors, the Pingjiang discovery may just be the beginning of a new era in gold exploration. It raises important questions about how much of the world’s remaining gold resources remain untapped and how future technological advancements might make it possible to extract even more precious metal from the earth’s depths.

The full potential of the Pingjiang gold deposit is yet to be determined, but if these early findings hold true, China’s new gold reserve could become the most significant discovery of the 21st century.
 
Will it bring down the price of gold ?
Most likely a scam
 
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it’s ccp hype akin to saying tiongcock produces the most prostitutes and has the largest deposit of sperm.
 
about time that singapore start digging..maybe we can also find large deposit of diamonds under 38 Oxley.
 
Tiong can believe?
Likely a scam
Angmos tried this trick before remember BreX
 
Tiong can believe?
Likely a scam
Angmos tried this trick before remember BreX
You believe all those mainstream media? You must be nuts. Saddam was made to be a criminal by the media but turned out, US instigated a Kurdish uprising in Iraq resulting in the death of thousands as Iraqi troops quelled it.
I was on the side of the West mainly due to the propaganda they rushed out. But thankfully now we have the news from the ground and retired intelligence officers.
 
You believe all those mainstream media? You must be nuts. Saddam was made to be a criminal by the media but turned out, US instigated a Kurdish uprising in Iraq resulting in the death of thousands as Iraqi troops quelled it.
I was on the side of the West mainly due to the propaganda they rushed out. But thankfully now we have the news from the ground and retired intelligence officers.
So the cruelty of Saddam n Uday are made up?
 
You can discount on any new from tiongland, faked this faked that everything is faked.
 
CCCP still needs to learn from PAP.

Just issue paper and you can collect billions.
Singapore has $billions soon to be trillions worth of gold
But greedy Sinkies will never get to it.
Very soon Sinkapore will sink from the weight of gold



200 Tons of Gold is Worth
U.S. dollars (USD) $15,506,691,667.00



Singapore’s Central Bank Quietly Boosts Its Gold Reserves By 30%​


In January 2023, Singapore’s central bank, the Monetary Authority of Singapore (MAS) returned to gold buying again, adding a massive 44.6 tonnes of gold to its official reserves, and thereby boosting Singapore’s gold holdings from 153.8 tonnes to 198.4 tonnes.

In percentage terms, this gold buying represents an incredible 29% increase in Singapore’s gold holdings in just one month. In fact, this is Singapore’s second largest largest gold purchase ever in one month, the only gold purchase that was larger was when Singapore first bought 100 tonnes of gold from South Africa in 1968.

In a typically discreet fashion, MAS did not announce its recent gold buying via press release or via any other publicity. It merely updated the data on its website in the latest version (end of January) of a monthly report called ‘International Reserves and Foreign Currency Liquidity’.
 
Singapore has $billions soon to be trillions worth of gold
But greedy Sinkies will never get to it.
Very soon Sinkapore will sink from the weight of gold



200 Tons of Gold is Worth
U.S. dollars (USD) $15,506,691,667.00



Singapore’s Central Bank Quietly Boosts Its Gold Reserves By 30%​


In January 2023, Singapore’s central bank, the Monetary Authority of Singapore (MAS) returned to gold buying again, adding a massive 44.6 tonnes of gold to its official reserves, and thereby boosting Singapore’s gold holdings from 153.8 tonnes to 198.4 tonnes.

In percentage terms, this gold buying represents an incredible 29% increase in Singapore’s gold holdings in just one month. In fact, this is Singapore’s second largest largest gold purchase ever in one month, the only gold purchase that was larger was when Singapore first bought 100 tonnes of gold from South Africa in 1968.

In a typically discreet fashion, MAS did not announce its recent gold buying via press release or via any other publicity. It merely updated the data on its website in the latest version (end of January) of a monthly report called ‘International Reserves and Foreign Currency Liquidity’.
Just nice when Indonesia, china or USA invades and the gold will pay for the invasion.
 
He was forced to quell the CIA created uprising. This from a retired CIA analyst.
Sadda6did not only kill Kurds...

1979 Ba'ath Party Purge - Wikipedia
The 1979 Ba'ath Party Purge (Arabic: تطهير حزب البعث), also called the Comrades Massacre[1][2] (Arabic: مجزرة الرفاق), was a public purge of the Iraqi Ba'ath Party orchestrated on 22 July 1979 by then-president Saddam Hussein[3] six days after his arrival to the presidency of the Iraqi Republic on 16 July 1979.[4][1]

1979 Ba'ath Party Purge
Comrades Massacre

Syrian president Hafez al-Assad (centre) with Iraqi vice president Saddam Hussein (left), Algerian foreign minister Abdelaziz Bouteflika (right), and Syrian vice president Abdul Halim Khaddam (far right, half-covered) at the 1978 Arab League summit in Baghdad.
Date22 July 1979
Location Ba'athist Iraq
Also known asKhuld Hall Incident, Comrades Massacre
TypePurge
Cause
Failure of unity talks between Syrian and Iraqi Ba'ath Parties
Saddam's claim that he has discovered a fifth column in the Revolutionary Command Council plotting to overthrow the party leadership in co-ordination with Hafez al-Assad
Organised bySaddam Hussein
Outcome
Killing of former Secretary Muhyi Abdul-Hussein Mashhadi on 8 August 1979
Saddam Hussein's domination of the Ba'ath Party
Arrests and subsequent killings of Ba'athist opponents accused of Syrian collaboration
Deepening rift between Iraq-based and Syrian-based Ba'ath movements
Hafez al-Assad's support to Iran during the Iran–Iraq War
Deaths21 executed
Arrests68
Six days after the resignation of President Ahmed Hassan al-Bakr and Hussein's accession to President of the Iraqi Republic, Regional Secretary of the party, and Chairman of the Revolutionary Command Council on July 16, 1979, he organized a Ba'ath conference on July 22 in Al-Khuld Hall in Baghdad to carry out a campaign of arrests and executions that included Ba'athist comrades, who were accused of taking part in a pro-Syrian plot to overthrow Saddam.

The list included most of the comrades who opposed Saddam Hussein's rise to power after Al-Bakr,[1] and among these was the former president's secretary, Muhyi Abdul-Hussein Mashhadi. Names of people were announced and they were taken outside the hall to be executed. Ba'athist propaganda at the time showed that they were convicted of conspiracy and high treason to the party.[2] Iraq subsequently cut off relations with its fellow Ba'athist regime in Syria, accusing Hafez al-Assad of organizing the plot.[5]: 92 

Syria–Iraq unification talks
Various rounds of unification talks were ongoing between the two Ba'athist parties at the official level, with the Iraqi vice-president, Saddam Hussein, publicly endorsing the merger of Iraq and Syria in 1978. By then, Saddam had become the effective leader of the Iraqi Ba'ath Party due to the Iraqi president, Ahmed Hussein Al-Bakr's health issues. A major demand of Saddam was the unification of both the Syrian and Iraqi wings of the Ba'ath Party, as the first step to integrate Syria with Iraq. He also sought the rehabilitation of Michel Aflaq who was on the kill-list of Syrian Ba'ath party, and make Aflaq the head of a re-unified Ba'ath Party. It was reported that the Syrian president, Hafez al-Assad, objected these demands and was strongly opposed to the idea of a unified military command.[6]: 282 

Resignation of al-Bakr
On 11 July 1979, an ailing al-Bakr announced his resignation before a meeting of the Revolutionary Command Council (RCC) and his intention to transfer the presidency to Saddam Hussein.[6]: 283  The US government's Radio Free Europe claimed in 2003 that it was a "coup" orchestrated by Saddam who compelled the ailing president to retire "for health reasons".[7]

Muhyi Abdul-Hussein Mashhadi, an RCC member, fiercely objected to al-Bakr's resignation during the session and urged al-Bakr to take a temporary vacation without transferring power to his successor, a proposition that was declined by al-Bakr. This had raised the suspicion of Saddam Hussein, the Iraqi second-in-command who became president on 16 July 1979. In an assembly of the party leadership convened on 22 July, Saddam staged a purge against the military wing of the Ba'ath Party whom he accused of collaborating with Syria to topple the regime in Iraq.[8][6]: 282 

Event
External videosBBC News "Saddam's 1979 Baath Party purge", Footage of the purge from a Ba'ath Party video
Saddam hurriedly convened an "emergency session" of party leaders on July 22. During the assembly, which he ordered to be videotaped,[3] he claimed to have uncovered a fifth column within the party. Abdul-Hussein "confessed" to be part of a Syrian-financed faction established in 1975 that played a major role in the Syrian-backed plot against the Iraqi government. He also gave the names of 68 alleged co-conspirators.[6]: 282–283  These were removed from the room one by one as their names were called and taken into custody. After the list was read, Saddam congratulated those still seated in the room for their past and future loyalty. Those arrested at the meeting were subsequently tried together and found guilty of treason. Twenty-two men, including five members of the Revolutionary Command Council,[9] were sentenced to execution. Those spared were given weapons and directed to execute their comrades.[10][11]

Some of the victims are listed below:

NamePosition
Mohammed Mahjoub al-Douri [ar]
Muhammad Ayish Hamad [ar]
Adnan al-Hamdani [Wikidata]
Ghanim Abdul-JalilMember of the Regional Command from 1974 to 1979
Muhyi Abdul-Hussein MashhadiMember of the Regional Command from 1974 to 1979
Secretary of president al-Bakr.

Aftermath
Details of the events were publicised on 28 July 1979, and Iraqi media began accusing Syria of backing the alleged plot. Syrian Ba'athists responded by denying any relations to the coup plotters.[6]: 283  On August 8, the Iraqi News Agency announced that twenty-one of the twenty-two Iraqis were executed by firing squad for "their part in a plot to overthrow Iraq's new president". The twenty-second man was condemned to death in absentia because he was "nowhere to be found", the agency said.[9] A tape of the assembly and of the executions was distributed throughout the country. Shortly thereafter, in early August 1979, Hussein took to the balcony of the presidential mansion in Baghdad to inform “a chanting crowd of 50,000 supporters that he had just witnessed the punishment the state court had ordered for 21 of those men: They had been executed by a firing squad. The crowd cheered.”[12]

The events led to a complete rupture of ties between the Ba'athist governments of Syria and Iraq. Hussein’s personal conclusion, which he conveyed to Syrian president Assad, was that Syrian Ba'athists "were deep in the plot,” though he continued to provide Syria with the financial support originally offered during the 1978 Arab League summit. This agreement was eventually halted in 1980 with the outbreak of the Iran–Iraq War, during which Assad overtly aligned with Iran, spurring Iraq to accuse him of betraying Pan-Arabism.[6]: 283–284  A 1981 secret memo issued to Syrian Ba'ath Party members by Assad further demonstrated the division between the two nations, with Assad declaring that Syria's policy was to prolong "the war to a degree that will facilitate the replacement of Saddam" and install pro-Syrian Iraqi Nationalist Front in Iraq. Syria would go on to support Iraqi opposition parties for decades, including the pro-Iranian Shia Islamic Dawa Party.[13] Iraq in turn supported the National Front for the Liberation of Arab Syria, a coalition of Syrian opposition factions that included pro-Iraqi Syrian Ba'athists and Syrian Muslim Brotherhood, which opposed the Alawite-dominated Ba'ath Party rule in Syria. It also supported the Islamist revolts in Syria after 1980. Relations between the two countries remained strained until Saddam Hussein's overthrow in a 2003 American invasion.[14][13][5]: 91–92 

^
^
^ Saddam Hussein's 'Official' Biography
^
 
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