Market
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.
View original story
Similar markets
3% to 5% • 25%
More than 7% • 25%
5% to 7% • 25%
Less than 3% • 25%
Domestic infrastructure projects • 25%
Other • 25%
Cryptocurrency investments • 25%
Debt reduction • 25%
Sell gold on the international market • 25%
Hold gold as reserves • 25%
Convert gold to Bitcoin • 25%
Other • 25%
Decrease • 25%
Increase of 1% or more • 25%
Increase less than 1% • 25%
No change • 25%
Above 5% • 25%
Below 1% • 25%
3% to 5% • 25%
1% to 3% • 25%
Economic contraction • 25%
Growth between 2% and 5% • 25%
Growth above 5% • 25%
Growth between 0% and 2% • 25%
Stable Bitcoin adoption • 25%
Decreased Bitcoin adoption • 25%
Increased Bitcoin adoption • 25%
Indeterminate impact • 25%
No impact • 25%
Increase by less than 1% • 25%
Increase by 1-2% • 25%
Increase by more than 2% • 25%
20% - 29% • 25%
10% - 19% • 25%
0% - 9% • 25%
30% or more • 25%
Negative impact • 25%
Moderate positive impact • 25%
No significant impact • 25%
Significant positive impact • 25%