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What will be the outcome of El Salvador's decision on the mining ban by December 31, 2025?
2
Resolution / Starting Odds
Repeal ban • 33%
Modify ban • 33%
Maintain ban • 34%
Official legislative records or government announcements
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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