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If China really successfully mines more than 2,000 tons of gold, will the world gold price explode or will the oversupply shock cause millions of investors to "hold the peak"?
The news that China has continuously discovered two super gold mines in Hunan and Liaoning is creating a new earthquake in the international financial world.
According to data published from China's resource management agency and Xinhua News Agency, the total potential of the two mines could exceed 2,000 tons of gold, a level never before seen in the country's modern mining history.
Panorama of two newly discovered super gold mines
Gold Mine Area Potential Reserves
Van Co Hunan More than 1,000 tons
Da Dong Gou Liaoning About 1,500 tons
China's total may exceed 2,000 tons
The point that stunned global investors was not the simple amount of gold but the huge geopolitical impact behind this discovery.
China has been the world's largest gold mining country for many consecutive years. If Beijing continues to control new super mines, it can greatly increase its strategic reserve capacity and reduce its dependence on imported gold.
Compare with major gold producing countries
Country Annual Gold Production
China About 370 tons
Russia About 310 tons
Australia About 290 tons
Canada About 200 tons
USA About 170 tons
With quWith more than 2,000 tons of potential, the amount of newly discovered gold is equivalent to many years of mining by all the gold powers combined.
Van Co mine is attracting special attention
According to technical reports, the Van Co mine alone has been confirmed to contain about 300 tons of gold at a depth of 2,000 meters. When drilling down to 3,000 meters, the estimated reserves could exceed 1,000 tons.
The expected economic value of this mine alone was once valued at more than 600 billion yuan, equivalent to about 2,170,000 billion VND.
A number enough to make many global mining corporations "stand still".
What is more shocking lies in the Dai Dong Cau mine
Chinese geologists say every drill hole here has discovered traces of gold.
Although the content is only about 0.3 to 1 part per million, this ore is extremely easy to extract with gold recovery rates from 65% to 91%.
This is a huge difference compared to many traditional gold mines in South Africa or Australia where mining costs are increasing sharply due to poor ore over time.
Compare the characteristics of super gold mines
Advantages Area
China Easy to extract, extremely large reserves
South Africa Long-standing mining infrastructure
Australia Modern technology
Russia Large reserves but harsh climate
Many experts believe that the new discovery is not only a mining story but also a "financial weapon".
In the context of trade wars, geopolitical conflicts and USD fluctuations, gold is becoming the most important strategic asset.
It is worth noting that immediately after the new information
• International gold prices increased sharply• Silver price increased nearly 4%
• Investors return to the precious metals group
• Gold ETFs recorded larger cash flows
Current market developments
Asset Volatility
International gold price increased about 1.4%
Silver price increased nearly 4%
SJC gold selling price is about 161,500,000 VND per tael
Silver purchase price is about 158,500 VND
Another extremely important point lies in the geological structure of the Dai Donggou mine.
This mine is located near the Tan Lu fault zone, where precious minerals have accumulated over millions of years.
That means scientists may have missed a series of similar "super treasures" just because they do not have a traditional structure like classic gold mines.
If this hypothesis is correct, the global mining industry could enter the biggest gold hunt in decades.
Many investment funds are now starting to bet on it
• Mining company
• Gold ETFs
• Industrial silver
• Metallurgical technology
• Deep drilling equipment
Meanwhile, central banks are also quietly increasing gold reserves to hedge against global financial risks.
What makes the market most controversial today
Will this discovery make gold "cheaper" because of the larger supply?
Or vice versa, it will increase gold prices because China holds more strategic financial power
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