Newly Discovered Supergiant Deposit of Gold Could Yield Over $80 Billion
Late last year, Chinese state media revealed that a ‘supergiant’ gold deposit of very high quality was found in central China. Its estimated worth is approximately $83 billion and it could well be the largest ever gold reserve discovered. For comparison purposes, this Chinese reserve exceeds what has previously been documented as the largest reserve, the one in South Africa at the South Deep Mine projected to contain about 900 metric tons of gold. The Chinese deposit is said to contain at least 1,100 metric tons of the precious metal. While some experts aren’t so certain about the mineral estimates…