They have announced the discovery of over 2000 tons of gold in two separate high quality ore finds 2000 tons at $3k per ounce..that's a lot of rice China finds $83 billion worth of gold reserves in Hunan | Reuters Geologists Stumbled Upon the Largest Gold Mine in the World A deposit of gold ore recently discovered in China isn’t just giant. It’s supergiant. So much so, in fact, that Chinese experts claim it could be the largest deposit of any precious metal—not just gold ore—in existence today. How big is the “supergiant” deposit located under the Wangu gold field in the Hunan province? Experts estimate it at 1,100 tons. 2,000 tonnes of gold: China says new technology helped find largest deposits | South China Morning Post Scientists say they have discovered two potentially record-smashing 1,000-tonne gold deposits in central and northeastern China, and more discoveries could come with the use of advanced exploration technology. If proven, these deposits could be among the largest in the world, and even surpass the largest known gold deposit in South Africa. China is the world’s largest producer of gold ore, reaching an output of 377 tonnes last year, according to the China Gold Association. While China is holding on to the top spot in gold production, it falls behind countries such as South Africa, Australia and Russia in proven gold mine reserves.
2000 tons is about 1% of existing gold, to put in perspective. But I recall reading there are a lot more valuable and useful commodities like copper.
China has been buying gold all over the world lately... Question: If they really did find this much gold would the world gold prices suddenly fall? Yeah, this could be a ruse to get gold prices to fall so that they can buy it up on the cheap. China lies far too often, we must absolutely verify in person before I believe that group of commies.
The bizarre thing about gold and other valuable minerals (platinum, palladium, etc.) is that 99.999% of these metals on earth are contained in the inner core of the earth, because of their high molecular weight and density. Scientists believe that volcanic eruptions are responsible for moving these elements to the surface in small quantities from the mantle. Maybe someday a technology will exist to extract these metals. The deepest anyone has ever drilled to date is about a fourth of the way through the thin outer crust of the earth. I would be curious to know if the island that is forming south of Hawaii has high enough concentrations of gold or other precious metals to justify recovery efforts. https://www.cnn.com/2025/06/01/science/earths-core-gold-science-newsletter-wt#:~:text=Although more than 99.95% of,is seen in early May.&text=Speaking of precious caches, most,the planet's seething, molten core.
I read about that a few weeks ago. It's a lot of gold, but it is buried very deep and will be difficult to extract.
Geologists Reveal World’s Biggest Iron Deposit Worth $6 Trillion Set to Impact Global Economy In a remote part of Western Australia, geologists have uncovered a mineral deposit of staggering size—one that promises to rewrite not only the map of global iron production but also our understanding of Earth’s geological history. The Hamersley region, already known for its rich mineral resources, now hosts what scientists say is the largest iron ore deposit ever recorded, containing roughly 55 billion metric tons of ore with iron concentrations exceeding 60 percent. This massive find, valued at nearly $6 trillion, marks a significant moment for the global mining industry. Dr. Liam Courtney-Davis, a geologist at Curtin University who has been closely involved in the research, published in the journal Proceedings of the National Academy of Sciences, described the discovery as “a fundamental shift for the entire mining sector.” The size and quality of the deposit could influence international iron prices and reshape trade relations, particularly between Australia and major iron consumers such as China.
China was buying gold in anticipation that Trump's foolish tariffs would cause a global depression, which would devalue currencies and stock markets.
Countries are looking for minerals more than they normally would, with Russia invading Ukraine and Ukraine's mines being out of service, and with China maintaining a near-monopoly on many of the minerals used in EV's and cell phone batteries.
I think satellite and drone sensors combined with AI doing heavy data parsing is helping. Same for the massive natural hydrogen caverns/traps they are seeking
An outcome of visiting relatives in northwest Ontario this week, I just learned of Canada’s vast resources of rare earth minerals and their renewed interest in their development. Recognizing how important such resources are to Canada’s and the global economy, these environmentally focused folks up here are interested in more mining and are apparently even improving roads to the north like the one I drove in on to make mineral exploitation more feasible. They are also negotiating with the tribes that control much of the land. Maybe Trump wants Canada as another state to avoid rare earth tariffs??
It's not wise to give Trump too much credit for complex thinking, based on what he's displayed so far with tariffs. Besides, the western U.S. has a fair amount of these minerals, but environmental laws (especially in California) are fairly strict, and make them difficult to extract. Trump could much more easily weaken those laws, assuming that he could override state law on this.
really hot rocks close enough to surface to drill to and back, loop water, make steam, power turbine full time, on demand, 100% green buy your geothermal stocks now is a hot rock a mineral right like oil or gas?? A Buried Giant: Scientists Unearth Clean Energy Source Under USA Capable of Powering Earth for 170,000 Years The Earth's core is incredibly hot, and this heat continuously radiates outwards. Deep within the crust, particularly in regions with suitable geological characteristics, this heat can be harnessed. Traditional geothermal plants require specific conditions (hot water reservoirs near the surface). However, EGS technology aims to extract heat from dry, hot rock by injecting water at high pressure to create tiny fractures, allowing the water to circulate, heat up, and then be brought back to the surface to generate electricity. The recent research, leveraging advanced seismic imaging and geological mapping techniques, has pinpointed regions beneath the United States where these hot rock formations are not only exceptionally vast but also located at depths that are technically feasible to access with current or near-future drilling technologies. The sheer volume of accessible heat energy is what led to the staggering 170,000-year projection for global power.
As I was reading the article I was thinking would the process of bringing heat to the surface cool it off, but the last sentence pretty much ended that concern.
Iceland is a wonderful country to visit and they have been generating geothermal energy exactly this way for some time. I visited the plant which supplies Reykjavik a few years ago and they were supplying the largest city with continuous hot water, heated sidewalks/roads and half the power to business/residents for like $40 per month. The Blue Lagoon...overflow from the geothermal plants. They said very little maintenance and more people were employed in the gift store than in the plant as there were very limited numbers of things to maintain. Country wide approval was like 97% for their geothermal energy generating endeavors. They sit closer to the hot rock so it is more effective and really ramped up generating energy this way after the oil embargo in the 70's. Really nice people up there and well worth a visit. Whole country runs on renewable energy (hydro/geothermal) generating excess for export on top of that. I imagine electric vehicles are a big thing up there these days since gas is expensive and electricity is free. Little known fact is in the 70s they were one of the most polluted areas on earth since they had to burn things to keep the lights on and had no alternatives...today they are one of the cleanest environments on earth. Maybe we can buy them....or at least threaten them. Geothermal Iceland: this land of fire and ice is pushing the limits of its natural energy | EnergyTransition.org.
