40 Million Troy Ounces: Russia’s Gold Find Reaffirms Bitcoin as the More Scarce Asset

News of the discovery of approximately 40 million troy ounces of gold in Russia’s Siberian region is likely to boost the profitability of the country’s biggest gold producer, while adding to the supply of the “scarce” resource. Reports say the Polyus owned the Sukhoi Log contains 540 million tonnes of ore, which translates to an average of 2.3 grams per ton. The reserves, which will account for a quarter of…


Source link

About bitcoin

Check Also

Bitcoin’s Carnivore Cult Is Both Stupid and Correct

This entire article is Saifedean’s fault.  Saifedean Ammous, author of “The Bitcoin Standard,” kept heaping …

Leave a Reply

Your email address will not be published. Required fields are marked *