from TRU News:
On Tuesday a company announced their discovery of the largest gold deposit in history in China’s Shandong region
(WASHINGTON, DC) The biggest ever gold deposit of an estimated 380 tons has been discovered in China, announced Shandong Gold Group during a news conference in Beijing on Tuesday.
According to local media reports, the Xiling gold seam in eastern China is more than 2,000 meters long and 67 meters wide. At full capacity, the mine could produce gold for 40 years.
The mine is located in the Laizhou-Zhaoyuan region of northwest Jiaodong Peninsula, in eastern China’s Shandong. The region has the largest gold deposits in the country.
Officially, China has the fifth largest gold reserves in the world after the United States, Germany, Italy, and France. The mine is estimated to have the equivalent of 20 percent of the country’s 1,843 tons of gold reserves.
Economic analyst Jim Willie has previously told TRUNEWS host Rick Wiles that the official numbers for national precious metal reserves are inaccurate, and that China and Russia hold far more gold than their western counterparts are disclosing.
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