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A deposit of gold ore just 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.
Already the world’s top gold producer with about 10 percent of global production, China is heavily dependent on the metal, using about three times more gold than it mines annually. A rate that high requires the country to purchase so much gold from other countries that it’s also the world’s top importer of the valuable metal. This new discovery has put the world’s gold markets on notice, enough so that the price of gold rose to $2,700 per ounce, according to CCN.com.
Geologists Might Have Stumbled Upon the Largest Gold Mine in the World