Market
What will be El Salvador's GDP growth rate in 2025 due to gold discovery?
3
Resolution / Starting Odds
Less than 3% • 25%
3% to 5% • 25%
5% to 7% • 25%
More than 7% • 25%
Economic reports from El Salvador's government or international economic organizations
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
Significant increase (>5%) • 25%
Decrease • 25%
Little to no change (0-2%) • 25%
Moderate increase (2-5%) • 25%
3% to 5% • 25%
Below 1% • 25%
Above 5% • 25%
1% to 3% • 25%
No change • 25%
Decrease • 25%
Increase of 1% or more • 25%
Increase less than 1% • 25%
Growth above 5% • 25%
Economic contraction • 25%
Growth between 0% and 2% • 25%
Growth between 2% and 5% • 25%
Invest in infrastructure • 25%
Pay off national debt • 25%
Other • 25%
Increase Bitcoin holdings • 25%
Increase by less than 1% • 25%
Increase by more than 2% • 25%
Increase by 1-2% • 25%
No impact • 25%
No • 50%
Yes • 50%
Inflation rate between 5% and 10% • 25%
Inflation rate between 1% and 5% • 25%
Deflation or 0% inflation • 25%
Inflation rate above 10% • 25%
Moderate positive impact • 25%
No significant impact • 25%
Negative impact • 25%
Significant positive impact • 25%