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What will be El Salvador's primary strategy for using the gold discovery by December 31, 2025?
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Resolution / Starting Odds
Increase Bitcoin holdings • 25%
Invest in infrastructure • 25%
Pay off national debt • 25%
Other • 25%
Official government announcements or credible financial news sources detailing El Salvador's financial strategy
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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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%
Infrastructure Development • 25%
Education and Healthcare • 25%
Debt Repayment • 25%
Other • 25%
Less than 3% • 25%
3% to 5% • 25%
5% to 7% • 25%
More than 7% • 25%
Internal Revenue • 25%
Foreign Aid • 25%
Debt Issuance • 25%
Other • 25%
Debt repayment • 25%
Infrastructure projects • 25%
Social programs • 25%
Other • 25%
New Bitcoin purchase strategy • 25%
New Bitcoin-related infrastructure project • 25%
New Bitcoin-related financial instrument • 25%
None of the above • 25%