BREAKING: China Discovers One of the Largest Gold Deposits in History, about 1,444 Tonnes of Pure #Gold. π¨π³
You can find more #Gold but you canβt mine more #Bitcoin. 21 million forever.
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Would be hilarious if gold sold off on news like that π
π that is not a stupid thought!!
wonder how much more tons of gold is expected to be mined over the coming years due to the price increase and when it levels out?
In line with gold mining scaleβ¦
Approximately 2,500 to 3,000 tonnes of gold are mined each year globally. In 2024, worldwide gold mine production reached an estimated 3,300 tonnes, marking the highest annual output on record. This figure represents a continued increase from previous years, with production rising to 3,250 tonnes in 2023. The World Gold Council reports that an average of 2,500 to 3,000 tonnes of gold is extracted annually.
Is that the gold deposit theyve been buying all year?