Market
How will El Salvador primarily utilize its gold discovery by end of 2025?
2
Resolution / Starting Odds
Domestic infrastructure projects • 25%
Debt reduction • 25%
Cryptocurrency investments • 25%
Other • 25%
Official policies or reports from El Salvador's government
Story
El Salvador Discovers $3 Trillion in Gold, $131 Billion Worth, President Bukele Eyes Mining Repeal
Dec 9, 2024, 04:16 PM
El Salvador has announced the discovery of up to $3 trillion worth of unmined gold, according to President Nayib Bukele. This significant find, which translates to approximately 50 million ounces of gold valued at around $131 billion at current prices, has sparked discussions about the country's future economic strategies. The government is considering repealing a mining ban to facilitate extraction operations. The announcement follows a similar discovery in China, where $83 billion in gold was reportedly found the previous week. The potential for these gold reserves has led to debates on whether El Salvador should hold the gold or convert it into Bitcoin, reflecting the nation's ongoing interest in cryptocurrency investments.
View original story
Similar markets
Other • 25%
Pay off national debt • 25%
Increase Bitcoin holdings • 25%
Invest in infrastructure • 25%
Yes • 50%
No • 50%
Moderate increase (2-5%) • 25%
Significant increase (>5%) • 25%
Decrease • 25%
Little to no change (0-2%) • 25%
Partnership with another major crypto firm • 25%
New tax incentives • 25%
Launch of a national digital currency • 25%
Other • 25%
Other • 25%
National Reserves • 25%
Everyday Transactions • 25%
Investment Speculation • 25%
Tourism • 25%
Investment • 25%
Remittances • 25%
Everyday transactions • 25%
Other • 25%
Debt repayment • 25%
Infrastructure projects • 25%
Social programs • 25%
More than 150 BTC • 25%
0 to 50 BTC • 25%
101 to 150 BTC • 25%
51 to 100 BTC • 25%
Increase • 25%
Significant decrease • 25%
Moderate decrease • 25%
No change • 25%
