BUKELE -- El Salvador finds the GOLD MOTHER LODE: $3 Trillion in Gold plus Tantalum, Gallium, Tin, more. Video(:48)

[–] • 4 pts

They are just announcing they are opening for mining business. The gold numbers you hear now are rough estimates of mineralized rock. They are not to the point of determining whether it is minable and whether gold is recoverable. The numbers go down as confidence goes up.

There may not be much in the way of advanced exploration programs if mining was illegal there. Expect that drilling campaigns and feasibility work will take a decade for a good sized mine.

link

[–] • 2 pts

Spain comes to claim it in 5, 4, 3, 2...

link

[–] • 0 pt

If that's real and he's able to extract it, it will affect the price of gold negatively by greatly increasing supply.

link

[–] • 2 pts

The Chinese also recently claimed discovery of a mega gold deposit, so the timing seems suspect. In El Salvador's instance, the metal combinations also seem off. Gold is most generally associated with copper and/or silver mineralization - they all being in the same group in the periodic table. Weird ore combinations aren't unheard of, but definitely are less common.

All the Chinese gold headlines I've seen looked like click bait - this one (foxnews.com) included. I'd assume their "news" is more akin to propaganda in order to manipulate commodity prices.

parent
link

[–] • 2 pts

It could be a big kike trick to deliberately drop the price of gold, so they can buy up the existing stores, then "discover" that the news is fake, sending the price of gold back up once they are holding it.

parent
link

[–] • 2 pts

Ease of extraction is the key variable. If it was easy, somebody would already be doing it. They won't be dumping $3T in gold onto the open market in our lifetime.

parent
link

[–] • 0 pt

Do you think anything can happen in the world without it being in the jews' favor?

parent
link