World's largest gold reserves found in China

[Kyng]

https://www.independent.co.uk/asia/china...55764.html

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

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.

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Wow, that is quite a lot .

I wonder whether we'll ever see any of it, or if China will simply keep it for themselves?

[slooroo]

China does mint gold and silver coins so some of it might end up in international hands but most will likely stay in China because China's been hoarding back gold in skepticism of the power of the US dollar for the long term.