Geologists Stumbled Upon the Largest Gold Mine in the World [in China]: $83 billion has just been sitting there underground this whole time.

1461 points by ConsciousRealism42 a day ago on reddit | 54 comments

unlinked3297 | a day ago

Gold? Underground? This whole time?!

2beatenup | a day ago

Wait till you hear about gold being found in rivers… lol /s

unlinked3297 | a day ago

Gold? Underwater? This whole time?!

so_bold_of_you | a day ago

This made me laugh out loud

usps_made_me_insane | a day ago

Wait till you hear about the gold up my ass.

SeldenNeck | a day ago

If this were near Wall Street, they would find a way to securitize it without digging it up.

And charge a green premium for protecting the environment.

Anybody wanna buy options on shares in asteroid 16 Psyche??

klyzklyz | an hour ago

Swallow an old gold crown?

iamnotpedro1 | 22 hours ago

Gold? Up your ass? This whole time?

2beatenup | 23 hours ago

Wait wait there’s more… it even comes out and shines so we can pan it (not talking about fools gold)… 😜

FaceDeer | 22 hours ago

I've been fundraising for an expedition to go prospecting for gold in clouds. I haven't quite raised enough yet, but nobody else has ever looked before so this is your opportunity to get in on the ground floor of something huge! Where else do you think the gold in rivers comes from originally?

Qdoodle_too | a day ago

Haha, that line was good. Can't believe it was just sitting there this WHOLE time 😂

CaptainMagnets | 23 hours ago

For YEARS!!!

ggrieves | 21 hours ago

Billions and billions

CantTakeMeSeriously | a day ago

That can't be possible. Literally every gold I've seen has been decidedly above ground.

wartsnall1985 | 22 hours ago

“Why would I bury my gold in the ground where anyone could find it?” -Ron Swanson

Orgasmic_interlude | 18 hours ago

Just sitting there!!! It didn’t even giggle or make breathing noises to give itself away.

nerdextra | 17 hours ago

I’m hearing this in Sally Fields’ voice like at the end of Mrs. Doubtfire.

crsierra | 7 hours ago

No one could have possibly known

Dylanator13 | 23 hours ago

We have been sifting through dirt and rocks to get gold for a while. Finding an actual gold deposit is a very big breakthrough.

truehd24 | a day ago

This is awfully convenient timing given the recent surge in gold prices, and the only source is state run media... I'd keep an eye on this one.

j4_jjjj | a day ago

Seems stories like "lithium deposit found under Wyoming" and "gold mine found under China" and such are popping up every few weeks lately

brinz1 | 11 hours ago

When prices go up, geologists will search deeper than they would previously

Rugaru985 | 6 hours ago

How do I make pussy prices go up so my husband goes deeper?

brinz1 | 6 hours ago

Good pussy

Agueybana | 15 hours ago

> convenient

Convenient? I'll say. There's already a mine on top of it even!

Doldhov | a day ago

Yeah, that’s usually what gold ore does.

Onemilliondown | a day ago

Kalgoorlie super pit has more gold than that, in todays value it has alreadyproduced $300 billion in gold. 60 million ounces so far, with potential to produce 25million more. Olympic Dam has up to $200 billion in reserves (40 million ounces).

haverchuck22 | 23 hours ago

Well what else would it have been doing other than sitting there this whole time?

Yugan-Dali | 21 hours ago

Maybe they expected it to prance around?

Specialist-Many-8432 | a day ago

This happens like every six months

Toaneknee | 23 hours ago

The gold at 9000 ft down will be interesting to mine.

64-17-5 | a day ago

Gold is where you find it!

roygbivasaur | 22 hours ago

Move to the music

vertigounconscious | 23 hours ago

so half as much as Parmount needs to get out from under the debt it just added to its total.

alternatingflan | 22 hours ago

Is that $ figure pre- or post- krasnov artificial inflation of gold?

paulsteinway | 20 hours ago

"This whole time."

What other whole time could it have been?

bendersbitch | 13 hours ago

“Part of another time”

borgstea | a day ago

Once this hits the market it will lower the price of gold.

SillyFlyGuy | 23 hours ago

$30 trillion in gold already above ground. This introduces 0.003% of the supply.

GeeJo | 12 hours ago

83b/30t is ~a thousandth then tripled, so 0.3% would be closer.

chrisgilesphoto | 23 hours ago

The mining infrastructure will take years before it's out of the ground and have no impact on the current demand.

ScrubbingTheDeck | 18 hours ago

There's trillions in the ocean water and not counting whats on the sea bed

Qns is it worth it to extract

eggpoowee | 11 hours ago

'China definitely need peace, let's invade" - Trump probably

theMEtheWORLDcantSEE | 21 hours ago

So does the value of gold decrease?

Busterlimes | 23 hours ago

Gold backed Yuan incoming to crush the dollar as the world trade currency. Buckle up folks

KingKaiserW | 22 hours ago

How much gold per Yuan?

Sellazard | 11 hours ago

The nam of the gold mine is Putin

Gold Rush China on Discovery soon?

therealnothebees | an hour ago

This whole mine??

omegaphallic | 23 hours ago

Damn, everything really is coming up China this year isn't it?

dripainting42 | 21 hours ago

Welcome to the Chinese Century.

Moto341 | 21 hours ago

Why do we always feel the need to quantify the natural bounty of the earth immediately into dollars.