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How will El Salvador's economic growth rate change due to the gold discovery by December 31, 2025?
2
Resolution / Starting Odds
Significant increase (>5%) • 25%
Moderate increase (2-5%) • 25%
Little to no change (0-2%) • 25%
Decrease • 25%
Economic reports from El Salvador's government or international financial institutions
Story
El Salvador Discovers $3 Trillion in Gold, 15 Times BRE-X Hoax, Eyes Mining Ban Repeal
Dec 9, 2024, 09:43 PM
El Salvador has announced the discovery of up to $3 trillion worth of unmined gold, according to President Nayib Bukele. The discovery has prompted Bukele to advocate for repealing the country’s mining ban to enable extraction operations. This announcement follows a significant milestone for Bukele's administration, as the country's Bitcoin investment policy reportedly resulted in over $300 million in unrealized gains. The discovery of gold, which is claimed to be 15 times the size of the infamous BRE-X hoax, raises questions about whether El Salvador will utilize the newfound wealth to bolster its Bitcoin holdings or pursue other financial strategies.
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Less than 3% • 25%
3% to 5% • 25%
5% to 7% • 25%
More than 7% • 25%
Increase by over 10% • 25%
Increase by 5-10% • 25%
Increase by less than 5% • 25%
No significant change • 25%
Domestic infrastructure projects • 25%
Debt reduction • 25%
Cryptocurrency investments • 25%
Other • 25%
Hold gold as reserves • 25%
Convert gold to Bitcoin • 25%
Sell gold on the international market • 25%
Other • 25%
Increase of 1% or more • 25%
Increase less than 1% • 25%
No change • 25%
Decrease • 25%
Less than 2% • 25%
Between 2% and 4% • 25%
Between 4% and 6% • 25%
More than 6% • 25%
